Open AccessFactors affecting Vietnam's wooden furniture export into CPTPP countries
Author(s) -
Nguyen Van Nen
Publication year - 2020
Publication title -
khoa học và công nghệ: kinh tế - luật - quản lý
Language(s) - English
Resource type - Journals
ISSN - 2588-1051
DOI - 10.32508/stdjelm.v4i2.617
Subject(s) - accession , general partnership , business , product (mathematics) , gravity model of trade , international trade , pulp and paper industry , agricultural economics , economics , engineering , finance , european union , geometry , mathematics
This article focuses on examining the impact of factors affecting Vietnam’s wood products export to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The gravity model is employed with reference to previous empirical studies and the practical conditions of Vietnam. In addition, we also consider the influence of the US’s accession to the CPTPP on the export turnover of Vietnam's wooden furniture. The Random Effects Model (REM) is used to analyze the panel data of CPTPP countries in the period 1996-2015. The results show that the supply of wood materials, furniture import duties of CPTPP partners, Vietnam's economic and trade expansion have the strongest impact on the wood product export of Vietnam into the CPTPP market. Besides, Vietnam’s wooden furniture industry still enjoys the benefits from the Agreement whether the US becomes a member of CPTPP or not, as long as Vietnam has proper preparations to meet the requirements of the Agreement.