The Global Information and Communications Technology Industry : Where Vietnam Fits in Global Value Chains
The information and communications technology sector has undergone a dynamic process of globalization and fragmentation in the past few decades, leading to the creation of global value chains. Global value chains are populated by a constellation of...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/619331481728681176/The-global-information-and-communications-technology-industry-where-Vietnam-fits-in-global-value-chains http://hdl.handle.net/10986/25815 |
| Summary: | The information and communications
technology sector has undergone a dynamic process of
globalization and fragmentation in the past few decades,
leading to the creation of global value chains. Global value
chains are populated by a constellation of specialized
actors collectively responsible for bringing goods and
services to market. Most prominently, these key actors
include lead firms (brands), contract manufacturers,
platform leaders, and increasingly, information and
communications technology services and information and
communications technology-enabled services providers. Like
other emerging markets, Vietnam is coming to play an
important role in this global industry. The recent influx of
foreign investors, driven by the country's low wages
and easy access to regional supply chains, as well as the
emergence of various local information and communications
technology services and information and communications
technology–enabled services firms opens opportunities, yet
raises important questions for policy makers about how best
to leverage global engagement for local capacity building.
This paper situates Vietnam in the global information and
communications technology industry, and identifies several
constraints to future growth, including the limited
availability and quality of trained information and
communications technology professionals, ineffective
supplier development initiatives, and weak entrepreneurial
ecosystem, especially in management skills. The paper
concludes with a set of policy recommendations and
forward-looking statements aimed at helping Vietnam move
into higher-value activities in the coming years. The
analysis is based on relevant statistics published by the
United Nations, Organisation for Economic Co-operation and
Development, World Trade Organization, Government of
Vietnam, and Vietnamese industry associations, as well as
interviews and site visits conducted by the authors during
January 19-30, 2015. |
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