Information technology adoption and integration into global value chains: Evidence from small‐ and medium‐sized enterprises in Vietnam

While it is well known that the adoption of information technology facilitates the integration of enterprises into global value chains (GVCs), it is unclear how this relationship changes in different business environments. This study reveals that while the adoption of information technology facilitates micro‐, small‐, or medium‐sized enterprises which are located in an improved‐quality business environment to participate in GVCs, it does not help the micro‐sized enterprises located in a low‐quality business environment to become integrated into GVCs. Therefore, information technology policies should be complemented by policies which improve the business environment to promote smaller enterprises to be integrated into GVCs.