Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China

Thi Huong Nguyen; Hong Shu Wang; Nho Quyet Tran

doi:doi:10.11648/j.sjbm.20210902.12

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Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China

Thi Huong Nguyen, Hong Shu Wang, Nho Quyet Tran

Published in Science Journal of Business and Management (Volume 9, Issue 2)

Received: 20 April 2021 Published: 24 May 2021

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Abstract

China is not only the world's second largest economy with a population of 1.4 billion, but also a neighbor country of Vietnam, whose demand for agricultural products is huge. Vietnam is an emerging economy in Southeast Asia. Its development has been remarkable over the past decade since the Vietnamese Government started its economic renovation policy in the late 1980s. Vietnam has been taking steps to become integrated in the region and in the world. Vietnam itself has an abundance of natural resources, which are potential for exporting agricultural products and minerals. According to statistics of the Ministry of Industry and Trade, China accounts for an average of about 28% of Vietnam's total agricultural and fishery exports to the world. In particular, vegetables, cashew nuts, coffee, rice, cassava and products from cassava, rubber, seafood witness such a large turnover. Since 2013 China has proposed the “One-belt, One-road” initiative, of which Vietnam is a part. The study uses gravity model with research’s hypotheses: Gross Domestic Product (GDP) per country, geographical distance (measured by the participation in the “One-belt, One-road” initiative – considered as a positive reason that leads to the export’s expansion of Vietnam’s agricultural products to the China’s market), population, the level of economic openness (measured by China's policy on countries participating in the “One-belt, One-road” initiative), inflation, agricultural land area. Thus, the research could deeply evaluate the positive influences from the “One-belt, One-road” initiative on the export of Vietnam’s agricultural products to China’s market.

Published in	Science Journal of Business and Management (Volume 9, Issue 2)
DOI	10.11648/j.sjbm.20210902.12
Page(s)	62-66
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

The Gravity Model, The Agriculture of Viet Nam, Export, “One Belt, One Road”

References

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[3]	Dilanchiev, 2012. Empirical Analysis of Georgian Trade Pattern: Gravity Model. Journal of Social Sciences: 75-78.
[4]	Dinh Thi Thanh Binh, Nguyen Viet Duong and Hoang Manh Cuong, 2011. Applying Gravity Model to AnalyzeTrade Activities of Vietnam. 12. Eita, J. H., 2008. Determinants of Namibian exports: a gravity model approach. University of Namibian.
[5]	Bernardina Algieri (2004), “Price and Income Elasticities of Russian Exports”, The European Journal of Comparative Economics, Vol. 1, n. 2, 2004, pp. 175193.
[6]	Djoni, Dedi Darusman, “Unang Atmaja, and Aziz Fauzi, Determinants of Indonesia’s Crude Coconut Oil Export Demand”, Journal of Economics and Sustainable Development, Vol. 4, No. 14, 2013, pp 98-105.
[7]	Everen Erdogan Cosar (2002), “Price and Income Elasticities of Turkish Export Demand: A Panel Data Application”, Central Bank Review 2, pp. 19-53.
[8]	Baier, S. L., & Bergsrtand, J. H., 2007. Do free trade agreements actually increase members international trade? Journal of International Economic, 71 (1): 72-95.
[9]	Bergstrand, J. H., 1985. The gravity equation in international trade: some microeconomics foundations and empirical evidence. The Review of Economics and Statistics, Vol. 67, No. 3: 474-481.
[10]	Bhagwati, J., 1988. Protectionism. The MIT Press, Cambridge, Massachusetts: xiii+147.
[11]	Carrere, C., 2006. Revisiting the effects of regional trade agreements on trade flows with proper specification of the gravity model. European Economic Review, Elsevier, vol. 50, No. 2: 223-247.
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[14]	ZHENG Guo-fu, Research on the Optimization of Sino-Vietnam Agricultural Trade Cooperation and Development Path under “The Belt and Road Initiative” [J], doi: 10.14076/j.issn.1006-2025.2018.02.08.
[15]	MEHDI SE, REZA A study examining the effect of export growth in Iran [J]. International Business and Management, 2011 (1): 92-98.

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APA Style

Thi Huong Nguyen, Hong Shu Wang, Nho Quyet Tran. (2021). Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China. Science Journal of Business and Management, 9(2), 62-66. https://doi.org/10.11648/j.sjbm.20210902.12

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ACS Style

Thi Huong Nguyen; Hong Shu Wang; Nho Quyet Tran. Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China. Sci. J. Bus. Manag. 2021, 9(2), 62-66. doi: 10.11648/j.sjbm.20210902.12

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AMA Style

Thi Huong Nguyen, Hong Shu Wang, Nho Quyet Tran. Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China. Sci J Bus Manag. 2021;9(2):62-66. doi: 10.11648/j.sjbm.20210902.12

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@article{10.11648/j.sjbm.20210902.12,
  author = {Thi Huong Nguyen and Hong Shu Wang and Nho Quyet Tran},
  title = {Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China},
  journal = {Science Journal of Business and Management},
  volume = {9},
  number = {2},
  pages = {62-66},
  doi = {10.11648/j.sjbm.20210902.12},
  url = {https://doi.org/10.11648/j.sjbm.20210902.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20210902.12},
  abstract = {China is not only the world's second largest economy with a population of 1.4 billion, but also a neighbor country of Vietnam, whose demand for agricultural products is huge. Vietnam is an emerging economy in Southeast Asia. Its development has been remarkable over the past decade since the Vietnamese Government started its economic renovation policy in the late 1980s. Vietnam has been taking steps to become integrated in the region and in the world. Vietnam itself has an abundance of natural resources, which are potential for exporting agricultural products and minerals. According to statistics of the Ministry of Industry and Trade, China accounts for an average of about 28% of Vietnam's total agricultural and fishery exports to the world. In particular, vegetables, cashew nuts, coffee, rice, cassava and products from cassava, rubber, seafood witness such a large turnover. Since 2013 China has proposed the “One-belt, One-road” initiative, of which Vietnam is a part. The study uses gravity model with research’s hypotheses: Gross Domestic Product (GDP) per country, geographical distance (measured by the participation in the “One-belt, One-road” initiative – considered as a positive reason that leads to the export’s expansion of Vietnam’s agricultural products to the China’s market), population, the level of economic openness (measured by China's policy on countries participating in the “One-belt, One-road” initiative), inflation, agricultural land area. Thus, the research could deeply evaluate the positive influences from the “One-belt, One-road” initiative on the export of Vietnam’s agricultural products to China’s market.},
 year = {2021}
}

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TY  - JOUR
T1  - Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China
AU  - Thi Huong Nguyen
AU  - Hong Shu Wang
AU  - Nho Quyet Tran
Y1  - 2021/05/24
PY  - 2021
N1  - https://doi.org/10.11648/j.sjbm.20210902.12
DO  - 10.11648/j.sjbm.20210902.12
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 62
EP  - 66
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.20210902.12
AB  - China is not only the world's second largest economy with a population of 1.4 billion, but also a neighbor country of Vietnam, whose demand for agricultural products is huge. Vietnam is an emerging economy in Southeast Asia. Its development has been remarkable over the past decade since the Vietnamese Government started its economic renovation policy in the late 1980s. Vietnam has been taking steps to become integrated in the region and in the world. Vietnam itself has an abundance of natural resources, which are potential for exporting agricultural products and minerals. According to statistics of the Ministry of Industry and Trade, China accounts for an average of about 28% of Vietnam's total agricultural and fishery exports to the world. In particular, vegetables, cashew nuts, coffee, rice, cassava and products from cassava, rubber, seafood witness such a large turnover. Since 2013 China has proposed the “One-belt, One-road” initiative, of which Vietnam is a part. The study uses gravity model with research’s hypotheses: Gross Domestic Product (GDP) per country, geographical distance (measured by the participation in the “One-belt, One-road” initiative – considered as a positive reason that leads to the export’s expansion of Vietnam’s agricultural products to the China’s market), population, the level of economic openness (measured by China's policy on countries participating in the “One-belt, One-road” initiative), inflation, agricultural land area. Thus, the research could deeply evaluate the positive influences from the “One-belt, One-road” initiative on the export of Vietnam’s agricultural products to China’s market.
VL  - 9
IS  - 2
ER  -

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Author Information

Thi Huong Nguyen

College of Economics and Management, Northeast Forestry University, Harbin, China
Hong Shu Wang

College of Economics and Management, Northeast Forestry University, Harbin, China
Nho Quyet Tran

College of Economics and Management, Northeast Forestry University, Harbin, China

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APA Style

Thi Huong Nguyen, Hong Shu Wang, Nho Quyet Tran. (2021). Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China. Science Journal of Business and Management, 9(2), 62-66. https://doi.org/10.11648/j.sjbm.20210902.12

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ACS Style

Thi Huong Nguyen; Hong Shu Wang; Nho Quyet Tran. Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China. Sci. J. Bus. Manag. 2021, 9(2), 62-66. doi: 10.11648/j.sjbm.20210902.12

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AMA Style

Thi Huong Nguyen, Hong Shu Wang, Nho Quyet Tran. Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China. Sci J Bus Manag. 2021;9(2):62-66. doi: 10.11648/j.sjbm.20210902.12

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@article{10.11648/j.sjbm.20210902.12,
  author = {Thi Huong Nguyen and Hong Shu Wang and Nho Quyet Tran},
  title = {Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China},
  journal = {Science Journal of Business and Management},
  volume = {9},
  number = {2},
  pages = {62-66},
  doi = {10.11648/j.sjbm.20210902.12},
  url = {https://doi.org/10.11648/j.sjbm.20210902.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20210902.12},
  abstract = {China is not only the world's second largest economy with a population of 1.4 billion, but also a neighbor country of Vietnam, whose demand for agricultural products is huge. Vietnam is an emerging economy in Southeast Asia. Its development has been remarkable over the past decade since the Vietnamese Government started its economic renovation policy in the late 1980s. Vietnam has been taking steps to become integrated in the region and in the world. Vietnam itself has an abundance of natural resources, which are potential for exporting agricultural products and minerals. According to statistics of the Ministry of Industry and Trade, China accounts for an average of about 28% of Vietnam's total agricultural and fishery exports to the world. In particular, vegetables, cashew nuts, coffee, rice, cassava and products from cassava, rubber, seafood witness such a large turnover. Since 2013 China has proposed the “One-belt, One-road” initiative, of which Vietnam is a part. The study uses gravity model with research’s hypotheses: Gross Domestic Product (GDP) per country, geographical distance (measured by the participation in the “One-belt, One-road” initiative – considered as a positive reason that leads to the export’s expansion of Vietnam’s agricultural products to the China’s market), population, the level of economic openness (measured by China's policy on countries participating in the “One-belt, One-road” initiative), inflation, agricultural land area. Thus, the research could deeply evaluate the positive influences from the “One-belt, One-road” initiative on the export of Vietnam’s agricultural products to China’s market.},
 year = {2021}
}

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TY  - JOUR
T1  - Evaluating the Effects of “One Belt, One Road” Initiative on Vietnam's Agricultural Export to China
AU  - Thi Huong Nguyen
AU  - Hong Shu Wang
AU  - Nho Quyet Tran
Y1  - 2021/05/24
PY  - 2021
N1  - https://doi.org/10.11648/j.sjbm.20210902.12
DO  - 10.11648/j.sjbm.20210902.12
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 62
EP  - 66
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.20210902.12
AB  - China is not only the world's second largest economy with a population of 1.4 billion, but also a neighbor country of Vietnam, whose demand for agricultural products is huge. Vietnam is an emerging economy in Southeast Asia. Its development has been remarkable over the past decade since the Vietnamese Government started its economic renovation policy in the late 1980s. Vietnam has been taking steps to become integrated in the region and in the world. Vietnam itself has an abundance of natural resources, which are potential for exporting agricultural products and minerals. According to statistics of the Ministry of Industry and Trade, China accounts for an average of about 28% of Vietnam's total agricultural and fishery exports to the world. In particular, vegetables, cashew nuts, coffee, rice, cassava and products from cassava, rubber, seafood witness such a large turnover. Since 2013 China has proposed the “One-belt, One-road” initiative, of which Vietnam is a part. The study uses gravity model with research’s hypotheses: Gross Domestic Product (GDP) per country, geographical distance (measured by the participation in the “One-belt, One-road” initiative – considered as a positive reason that leads to the export’s expansion of Vietnam’s agricultural products to the China’s market), population, the level of economic openness (measured by China's policy on countries participating in the “One-belt, One-road” initiative), inflation, agricultural land area. Thus, the research could deeply evaluate the positive influences from the “One-belt, One-road” initiative on the export of Vietnam’s agricultural products to China’s market.
VL  - 9
IS  - 2
ER  -

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