Overview

Original Research

IMPACT OF THE EVFTA AGREEMENT: A STUDY ON VIETNAM'S EXPORTED GOODS

NGUYEN THI KIM CHI 1, TRAN HOA PHUONG 2, NGUYEN THI THU HA 3, LE HAI HA 4, and NGUYEN VI LE 5.

Vol 18, No 09 ( 2023 )   |  DOI: 10.5281/zenodo.8375151   |   Author Affiliation: East Asia University of Technology, Vietnam 1; Ho Chi Minh National Academy of Politics, No. 135 Nguyen Phong Sac Street, Cau giay district, Hanoi City 2; Hanoi University of Natural Resources and Environment, Hanoi, Vietnam 3; Thuongmai University, Hanoi, Vietnam 4.   |   Licensing: CC 4.0   |   Pg no: 871-888   |   Published on: 22-09-2023

Abstract

The research aims to assess the quantitative impact of the Vietnam-European Union Free Trade Agreement (EVFTA) on Vietnam's export growth to the EU market. The study employs quantitative analysis using the SMART model with data on export turnover and scenarios of tariff reduction to 0% when EVFTA takes effect. Based on the export turnover data and necessary parameters, the analysis results show an increase in Vietnam's exports to the EU market when EVFTA becomes effective. As a result, the research proposes some implications to promote Vietnam's export activities to the EU in the future.

Keywords

impact, EVFTA, exports, Vietnam, EU.