The Impact of Trade Agreements on Vietnam's Export Performance: A Data-Driven Analysis (2005–2024)

Doan Ba Toai

doi:10.71222/dwq22q38

Authors

Doan Ba Toai Thanh Dong University, Hai Phong, Vietnam Author

DOI:

https://doi.org/10.71222/dwq22q38

Keywords:

Vietnam, trade agreements, export performance, data analysis

Abstract

This paper provides an in-depth, data-driven analysis of the impact of trade agreements on Vietnam's export performance spanning from 2005 to 2024. By examining the evolution of Vietnam's trade agreement network and analyzing key export indicators such as volume, value, and product-market structure changes, the study aims to develop a holistic understanding of how trade agreements have shaped Vietnam's export landscape over the past two decades. The research incorporates an analysis of various bilateral, multilateral, and regional trade agreements Vietnam has entered into, and assesses their direct and indirect effects on export performance. Through statistical and econometric techniques, the paper explores both the positive and negative outcomes of these agreements, highlighting the nuances of their impact on different sectors and markets. The results indicate that while trade agreements have had a broadly positive effect on Vietnam's export performance, contributing to increased market access, diversification of export goods, and enhanced competitiveness, the benefits have not been evenly distributed across all sectors. Several trade agreements, such as those within the Asia-Pacific region and with major trading partners, have significantly boosted the country's export volume and value, particularly in electronics, textiles, and agricultural products. However, the study also reveals that challenges remain in the implementation and optimization of trade agreements, with issues such as non-tariff barriers, regulatory discrepancies, and inadequate infrastructure hindering the full potential of these deals. Furthermore, the paper explores how Vietnam's trade agreements have influenced its export strategies, particularly in terms of product diversification, market access, and the competitiveness of domestic industries. It suggests that, despite the positive outcomes, Vietnam's export policies require refinement to address structural challenges and ensure sustainable growth. The paper concludes with strategic recommendations for policymakers to further optimize trade agreements, improve institutional frameworks, and enhance the country's overall export performance. By doing so, this study provides valuable insights into the role of international trade agreements in driving export-led economic growth, offering lessons for other emerging economies looking to maximize the benefits of global trade integration.

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