Abstract
This study investigates the patterns and factors that influence Vietnam's textile exports after its accession to the World Trade Organization (WTO). The analysis employs the gravity trade model and utilizes panel data from 2007 to 2019, focusing on Vietnam's textile export flow to its primary trading partners. The findings reveal that Vietnam's textile exports are influenced by various factors, including the size of the economy, per capita income disparity, the presence of free trade agreements (FTAs), labor force participation rate, logistics performance, and foreign direct investment (FDI) inflows. All of these variables, except FDI, have a positive impact on Vietnam's textile exports. The study fill the existing research gap regarding the factors affecting Vietnam's textile exports and contribute to the existing literature. Additionally, it provides policy recommendations for the development of Vietnam's textile industry. These recommendations emphasize the importance of maintaining a skilled labor force amidst population aging, improving logistics quality, and leveraging FTAs to boost textile exports in the future
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Article Details
- Year: 2024
- Volume: 45
- Issue: 2
- Pages: 41 - 64
- Accepted: 12.03.2024
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DOI:
https://doi.org/10.5281/zenodo.16892372 -
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How to Cite?
Phan Thanh Hoan, Pham Xuan Hung (2024). Determinants of Vietnam's Textile Exports: An analysis by Gravity Model. Journal of Economic Cooperation and Development, 45(2), 41-64. https://doi.org/10.5281/zenodo.16892372
