Better links with FDI firms can aid local businesses
Việt Nam is one of the most open economies in the world. Trade-led development has contributed to rapid growth, job creation and poverty reduction, helping the country achieve GDP growth of 7.1 per cent in 2018. But linkages between foreign direct investment (FDI) and domestic enterprises are weak and may erode further unless Việt Nam puts the right policies in place to strengthen the competitiveness of domestic enterprises.