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@KIZSPY2023 Answer
Questions 14 to 20
Read the given passage. Then, choose whether each statement is True, False or Not Given.
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The Business Opportunities of Made in Vietnam
Focusing on the three key points, connecting Taiwan and Vietnam business opportunities and cooperation Raw materials, components, and key technologies rely on foreign countries, which are weak links in the manufacturing industry chain in Vietnam. At present, Vietnam still lacks a complete industrial supply chain, and local companies still rely on importing foreign parts and components. As of the end of April 2019, most of Vietnam's imports have surged, with imports of computers, electronic products, and parts reaching US$15.8 billion.
Many foreign-funded garment factories have been established in Vietnam, mainly because of the CPTPP origin regulations, and preferential tariffs are available for production and export in Vietnam. However, most of the raw materials still rely on imports. Although textile exports are increasing day by day, with Vietnam's textile and garment exports in 2018 reaching 36.2 billion U.S. dollars, this has required the import of approximately 21 billion U.S. dollars in raw materials. Vietnam relies on imports from China, South Korea, and India, restricting increased profits.It is necessary to gradually build consumer confidence in the "Made in Vietnam" brand
Next Question
Although the Vietnamese government has provided special incentives to large companies, electronic products, and auto products "made in Vietnam" have not yet generally entered the Vietnamese consumer market. In the future, more attention should be paid to how to accelerate the transfer of technology to Vietnam, and assist local small and medium-sized enterprise manufacturers to produce high-quality products to improve market visibility.
Next Reading
Creating a perfect brand image, enhancing people's purchasing intentions, and building consumer confidence are the key next steps. According to the ranking of the top 100 most valuable national brands in the world in 2018. the brand value of "Vietnam" ranks 43rd. At present, the Ministry of Industry and Commerce of Vietnam hopes to build and promote Vietnam's national image with high-quality products and services, to enhance the visibility and competitiveness of Vietnamese enterprises in the domestic and international markets. In addition to the need for Vietnamese companies to invest in innovative technologies, the Vietnamese government's prevention of smuggled and counterfeit products is also the key to cultivating high-quality local Vietnamese products and then producing a variety of new products to expand foreign markets.
Need to strengthen the understanding of Vietnam's relevant policies and laws, and improve investment evaluation
Although Vietnam's renewable energy market and smart manufacturing market are taking shape, they are still in an unstable stage. Although Vietnam hopes to promote investment, it has not
yet formulated a long-term government power purchase system for renewable energy projects, which has caused foreign investors to reduce their willingness to invest in Vietnam's solar and wind energy projects. Regarding the regional integration of CPTPP and the US-China trade war and other international situations, although there may be a short-term trend of foreign capital shifting to Vietnam and Southeast Asian countries, Vietnam may benefit from it, but if investment evaluation is not done, it may not benefit in the long-term. Therefore, to fully understand the planning and development of local industrial zones, and the multiple local and provincial government districts, mastering the information and policies of Vietnam's industrial zone supervisory units is a key step that cannot be omitted for investment.
1) The crucial next phases include developing the ideal brand image, improving people's purchasing intentions, and boosting consumer confidence.A. True
B. Not Given C. False
