Vietnam has high import-export volumes

This statement was announced by the World Bank at a seminar to announce the report on Vietnam's participation in new value chains on Sept 7th in Hanoi. According to the report, Vietnam's imports and exports mainly come from 4 sectors including automobile and motorbike, electronics, agro-products, garments and textiles. However, Vietnam mainly focuses on outsourcing and assembly, which do not bring high added values. Particularly, cooperation between FDI and the private sectors is weak. In addition, expenses on logistics, customs services and infrastructure have decreased but remain high.