Impact of the EU: Vietnam Free Trade Agreement (EVFTA) on Agricultural Product Export Enterprises in Vietnam

Phan Thu  Trang; Tran Xuan  Hiep; Do Thi  Tho; Tran The  Tuan; Tran Cao  Nguyen

doi:10.36941/ajis-2023-0010

Authors

Phan Thu Trang Faculty of International Business and Economics, Thuongmai University, 79 Ho Tung Mau Road, Hanoi, Vietnam
Tran Xuan Hiep Institute of Socio-Economic Research, Duy Tan University, Vietnam
Do Thi Tho Faculty of Finance and Banking, VNU University of Economics and Business, 144 Xuan Thuy Street, Cau Giay Ward, Hanoi city, Vietnam
Tran The Tuan Faculty of Transport Economics, University of Transport Technology, Hanoi, Vietnam
Tran Cao Nguyen Faculty of Political Education, Vinh University, Vinh city, Vietnam

DOI:

https://doi.org/10.36941/ajis-2023-0010

Keywords:

Exports, Agricultural products, EVFTA, Vietnam, EU, enterprises

Abstract

New-generation free trade agreements (FTAs) have promoted Vietnam's international integration process and brought many opportunities for Vietnamese exporters. Agricultural products are most affected when implementing new-generation FTAs. Impacts can include both positive and negative effects. The objective of this article is to analyze some of the impacts of the FTA between the EU and Vietnam on Vietnam's agricultural export enterprises after the agreement is signed. Research results show that the FTA has increased the import and export volume of agricultural products, and some of the strengths of Vietnamese agricultural products have also increased. Research results also show that when participating in FTAs, if businesses do not adapt in time, they will be left behind. At the same time, the paper also provides recommendations and solutions for enterprises and enterprises exporting agricultural products to Vietnam and the state to take advantage of and limit the negative impacts of FTAs.

Received: 1 November 2022 / Accepted: 29 December 2023 / Published: 5 January 2023