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Vietnam's Export-Led Growth Model and Competition with China

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  • Jean-Raphael Chaponniere
  • Jean-Pierre Cling

Abstract

The emergence of China has raised some doubts concerning the possibility for new Asian countries to take off and join the group of emerging countries. This paper addresses this question in the case of Vietnam, which has been following China's path closely and very successfully during the last two decades. We first describe Vietnam's export-led growth strategy, and its results in terms of economic growth and world integration. Then we analyze Vietnam trade specialization compared to China's and other Asian emerging countries'. Finally, we show that Vietnam's and China's export structures are very different and that China is not "crowding out" Vietnam for textile & clothing products on the US market. In the long term, a major challenge for Vietnam is to diversify exports and take part in the regional production network.

Suggested Citation

  • Jean-Raphael Chaponniere & Jean-Pierre Cling, 2009. "Vietnam's Export-Led Growth Model and Competition with China," Economie Internationale, CEPII research center, issue 118, pages 101-130.
    • Handle: RePEc:cii:cepiei:2009-2td
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    References listed on IDEAS

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    Cited by:

    1. , Aisdl, 2019. "Comparative Analysis of Trade Competitiveness between Bangladesh and Vietnam," OSF Preprints nxy4c, Center for Open Science.
    2. Mai, Nhat Chi, 2019. "Comparative Analysis of Trade Competitiveness between Bangladesh and Vietnam: Lessons for Bangladesh," OSF Preprints b7fkj, Center for Open Science.
    3. Ousama Ben-Salha & Abir Abid & Ghassen El Montasser, 2023. "Linear and Nonlinear Causal Linkages Between Exports and Growth in Next Eleven Economies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1194-1226, June.
    4. Cling, Jean-Pierre & Razafindrakoto, Mireille & Roubaud, François, 2013. "Is the World Bank compatible with the “Socialist-oriented market economy”?," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 13.
    5. Houssein Boumellassa & Hugo Valin, 2009. "Vietnam's Accession to the WTO: Expost Evaluation in a Dynamic Perspective," Economie Internationale, CEPII research center, issue 118, pages 13-42.
    6. Arita, Shawn & Dyck, John, 2014. "Vietnam's Agri-food Sector and the Trans-Pacific Partnership," Economic Information Bulletin 188428, United States Department of Agriculture, Economic Research Service.
    7. My Duong & Mark J. Holmes & Anna Strutt & Steven Lim, 2019. "Effects of Trade Agreements and Foreign Direct Investment on Trade: Evidence from Vietnam," International Journal of Economics and Financial Issues, Econjournals, vol. 9(3), pages 116-126.

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    More about this item

    Keywords

    Vietnam; China; export-led growth; textile & clothing; trade specialization;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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