Participation of Vietnam in Global Value Chains in the Context of Their Regionalisation

The COVID-19 pandemic and US-China confrontation caused a reconfiguration of global value chains. Since multinational companies choose the China Plus One strategy seek to diversify their production, Southeast Asian economies particularly Vietnam have been gaining importance. present paper aims analyse participation in chains terms its relations with Republic Korea. It is hypothesised that as major trade investment partner, Korea provides significant added Vietnamese exports, contributing integration into Using formulas for assessing country’s chains, study examined statistics from international Trade Value Added (TiVA) database, UNCTAD data, national Regression analysis was performed confirm influence on exports. conducted research revealed growing importance 2016, Korean foreign direct has affecting diversification Vietnam’s industry demonstrating development manufacturing capabilities. emerging relationship between these two indicates redistribution industrial capital East Asia contributes regionalisation obtained findings can be used further well studying economic transformations, shifts balance power due increasing competition countries.