Vietnam rice value: Gravity model for transitional export period 2011-2021

Abstract

This study examined the factors affecting Vietnam’s rice export value in the transitional period of 2011–2021 using panel data of 45 importers comprising 90% of Vietnam’s rice export value. The generalized least square model was used for estimation, and the results reveal that the factors of world rice export prices, importing country’s population, membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, European–Vietnam Free Trade Agreement, and multilateral or bilateral relationship positively affect export value. However, the importing country’s GDP and self-produced food output and Vietnam’s inflation negatively influence rice export turnover. Consequently, several policy recommendations are suggested.