Deep participation in the global value chain is a lever for Vietnam's economy in digital transformation and sustainable development.

The deeper integration into the global value chain (GVC), in addition to economic development benefits, developing countries, including Vietnam, also face long-term and persistent challenges due to being easily affected by external factors.

The above content was shared by domestic and foreign economic experts at the workshop "Promoting GVC participation towards digital transformation and sustainable development" (CIECI 2023) organized by the University of Economics - VNU on November 24, 2023.

The CIECI 2023 International Conference attracted the participation of more than 200 international policymakers, experts, scholars...

This is the 11th conference in the annual conference series on international economic cooperation and integration (CIECI) initiated in 2013. The conference is the result of the joint organization between the University of Economics, VNU, Friedrich Naumann Foundation for Freedom in Vietnam (FNF Vietnam); University of Adelaide, Australia; University of Salento, Italy; Rangsit University, Thailand; University of Economics and Law, Vietnam National University, Ho Chi Minh City; Foreign Trade University; Sofia University, Bulgaria and Saint-Louis-Bruxelles University, Belgium.

According to Associate Professor Dr. Le Trung Thanh, Rector of the University of Economics - VNU, understanding how the global value chain is changing in the digital age and how this transformation fits with sustainable development will help countries adapt to the new economic reality and find the necessary policies.

According to Associate Professor, Dr. Le Trung Thanh, Principal of University of Economics - VNU.

Sharing the same view, experts at the workshop also said that over the past decade, East Asia and South Asia have faced increasing levels of protectionism and anti-globalization in regional and global trade. In addition, recent uncertainties such as the COVID-19 pandemic; the US-China trade war; the Russia-Ukraine military war; inflationary pressures; GVC disruption; regional and global economic recession will lead to more inward-looking policies, increased protectionism and fragmentation in trade agreements. These challenges lead to the need for new trade mechanisms and policy coherence at the global, regional and national levels.

On the other hand, deep participation in international trade and GVCs brings comprehensive recovery to countries, creating stable and sustainable development in the process of green and digital transformation. However, in recent times, some GVCs are becoming more and more complex. Therefore, CIECI 2023 speakers not only focus on the practice of participating in GVCs but also point out the challenges and risks arising in this process, providing policy implications for governments and corporate governance strategies to ensure recovery and sustainability when participating in GVCs.

Speakers participate in the roundtable discussion

At parallel sessions of the workshop held in the afternoon of the same day, experts brought assessments on 5 contents: Digital transformation and innovation in GVCs; Sustainable practices in GVCs; Issues of resilience and governance in GVCs; Models, characteristics and policies of GVCs and Servitization and enterprise-level analysis in East Asia.

CIECI 2023 Proceedings

The 11th CIECI 2023 International Conference has successfully concluded, a memorable milestone contributing to affirming the position, role and importance in providing valuable research for Vietnam's international economic integration activities. After the conference, researchers, policy makers, state managers, scientists and business administrators will be able to supplement more comprehensive and accurate scientific and practical arguments to promote the positive impacts of international economic integration on Vietnam's sustainable development goals.

In addition, connecting domestic and international experts, scholars, lecturers, learners and businesses at the conference also contributes to promoting the process of innovation, development and improving the quality of training in economics and business at universities in the context of deep international economic integration.

University of Economics - Vietnam National University, Hanoi

The University of Economics is a member unit of VNU. Throughout its formation and development, the University has continuously improved the quality of training, scientific research and other services with the aim of becoming a research-oriented university, training high-quality human resources in the fields of economics, management and business administration. The University is known to society as a young, dynamic university with vision and determination to develop towards international quality and standards.

The school has been affirming its position domestically and internationally in the field of research. With the orientation of scientific research linked to practice, the school has implemented many research topics and projects with high applicability, transferred to government agencies, localities and enterprises. With the strategy of internationalizing education, the school promotes international cooperation and exchange activities in the field of teaching and research to make the school a regional and global knowledge center.

The position and reputation of the University are gradually being consolidated and enhanced. The University has been recognized as a key, pioneering, leading unit contributing to the ranking results of VNU in the top 450-500 in the world in the field of Business and Management Research announced by the prestigious QS Ranking in 2022, also the first and only unit in Vietnam to be ranked.

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