- freely available
J. Open Innov. Technol. Mark. Complex. 2019, 5(3), 59; https://doi.org/10.3390/joitmc5030059
- Is the BRI beneficial to Vietnam’s economy?
- How would the BRI impact the Vietnam Textile and Garment industry?
- What will be the key challenges for Vietnamese Textile and Garment Industry if Vietnam joins the BRI?
- What should Vietnam Textile and Garment enterprises do to grab the opportunities and/or limit the challenges coming from the BRI?
- What does the Government need to do to support enterprises to optimize the BRI?
2. Literature Review
2.1. The Belt and Road Initiative: Contents, Plans, and Prospective Benefits
2.2. The Belt and Road Initiative (BRI) and China’s Strategic Advantages
2.3. Responses of Association of Southeast Asian Nations (ASEAN) and Non-ASEAN Countries to the BRI
2.4. Potential Impacts of the BRI on the Textile and Garment Industry of Vietnam
3. Research Methods
4.1. Awareness about the BRI
4.2. The BRI has Significant Macro Benefits yet also Raises Key Concerns to the Economy
The closer China is, the more cautious it is to support the BRI by seeing China’s ambitions reflected in its aggressive actions in the South China Sea and East China Sea.(Tran Viet Thai, a respondent and a researcher from Diplomatic Academy of Vietnam—Ministry of Foreign Affairs—(MOFA))
4.3. Export Opportunities for the Vietnam Textile and Garment Industry
The BRI is a golden opportunity that Vietnamese government and enterprises should fully exploit for development. We can build up quickly logistic infrastructure and non-polluted industrial zones for textile to support the sustainable development of the textile and garment industry in Vietnam.(Tran Van Tuan, chairman of Vietnam Cotton and Spinning Association–(VCOSA))
4.4. Competencies to Be More Competitive in an International Playground Is the Key Challenge
The BRI will have positive impacts on the development of Vietnam’s textile and garment industry in the 21st century. With The BRI, the industry can get an additional annual growth rate of 2–3%. But at the same time, it can have unpredictable consequences on the sustainable development in Vietnam when environmental issues from textile factories are not well managed.(Vu Duc Giang, Chairman of the Viet Nam Textile and Apparel Association—VITAS)
4.5. Actions Taken by Vietnam
Conflicts of Interest
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|No.||Affiliations||Sector||No. of Informants|
|1||Ministry of Industry and Trade (MOIT)||Public||2|
|2||Multilateral Trade Policy Department (belonging to MOIT)||Public||1|
|3||Agency of Foreign Trade (belonging to MOIT)||Public||1|
|4||ROO Division (belonging to MOIT)||Public||1|
|5||Light Industry Department (belonging to MOIT)||Public||1|
|6||Asia-Pacific Market Department (belonging to MOIT)||Public||2|
|7||Diplomatic Academy of Vietnam—Ministry of Foreign Affairs (MOFA)||Public||2|
|8||VEPR Chinese Economic Studies Program (VCES)—Vietnam Institute for Economic and Policy (VEPR)||Public||1|
|9||Vietnam Chamber of Commerce and Industry (VCCI)||Public||2|
|10||Vietnam Textile and Apparel Association (VITAS)||Public||3|
|11||Vietnam Cotton and Spinning Association (VCOSA)||Public||1|
|12||Vietnam National Textile and Garment Group (VINATEX)||Public||3|
|13||Vietnam Leather, Footwear and Handbag Association (LEFASO)||Public||1|
|14||Enterprises in the garment industry||Private||18|
|15||Enterprises in the garment trading industry||Private||9|
|16||Enterprises in the garment logistics industry||Private||6|
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