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

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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[5] Bernardina Algieri (2004), “Price and Income Elasticities of Russian Exports”, The European Journal of Comparative Economics, Vol. 1, n. 2, 2004, pp. 175193.
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[7] Everen Erdogan Cosar (2002), “Price and Income Elasticities of Turkish Export Demand: A Panel Data Application”, Central Bank Review 2, pp. 19-53.
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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
  • College of Economics and Management, Northeast Forestry University, Harbin, China

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

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

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