Topic: development strategy

Vietnam may boast its share of corporate ‘giants’ but more is required of its business community to solidify the country’s presence domestically and overseas during industrialization and modernization.

Mr. Damien Green, President & CEO of Manulife Asia, talks about Vietnam’s recovery from Covid-19 and the drivers that promote the country as an important market in Manulife’s growth strategy in Asia.

Vietnam’s textile and garment industry has grown rapidly, with exports rising from $1.96 billion in 2001 to $27 billion in 2015 and $40.4 billion in 2021. Despite making a major contribution to the economy, the industry is among the most polluting. Promoting a circular economy is therefore considered a key strategy for the industry to deeply participate in global value chains.