Despite rapid export growth in recent years, the ratio of export business is falling at domestically-owned firms. FDI enterprises contributed to 61.4% of the total export revenues in 2013. However, most of these businesses are engaged in labor using imported raw materials and are less connected to domestic suppliers. In other words, most Vietnamese companies are not benefitting from export growth.
Small and medium-sized enterprises (SMEs) will find it hard to participate in international trade activities if trade support services aren’t improved to help them increase their competitiveness.