International Journal of Research in Finance and Management
2020, Vol. 3, Issue 1
Risks of Vietnamese enterprises in trade relations with China
Dr. Nguyen Hoang Tien, Nguyen Thanh Hung, Nguyen Thanh Vu and Dr. Bui Xuan Bien
The article mainly highlights the risks of Vietnamese enterprises in trade relations with China, especially in the current context - Vietnam is affected by the US-China trade war. Specifically, the situation of import and export of goods of the two countries, through which the commercial activities of Vietnam depend heavily on China; orientations and solutions to reduce trade deficit from China to pave the way for developing supporting industries, raising the competitiveness of Vietnamese goods, gradually participating in global value chains and developing sustainable economy, etc. Besides, opportunities and challenges will be clarified, as well as recommendations will be made to help Vietnamese businesses pay attention, can prevent, avoid and overcome challenges and mentioned risks.