Reshaping Vietnam-EU trade: The EVFTA, innovation, and COVID-19

  • Cao Hai Van
  • Vu Thi Phuong Mai
Từ khóa: EVFTA, exports, trade patterns, COVID-19, global innovation, gravity model

Tóm tắt

This study investigates the EU-Vietnam Free Trade Agreement's (EVFTA) impact on bilateral trade, considering global innovation and the COVID-19 pandemic. An extended gravity model incorporating the Global Innovation Index and a COVID-19 variable is employed. Results indicate a short-term negative EVFTA impact, potentially due to adjustment costs and non-tariff barriers, yet innovation positively influences Vietnam's high-tech exports. Despite COVID-19, Vietnam demonstrates trade resilience. Standard gravity variables (GDP, population, exchange rate, distance) reveal nuanced effects, highlighting Vietnam's GVC integration. This suggests that while initial EVFTA implementation poses challenges, innovation and adaptability drive long-term trade growth. Policies should focus on enhancing EU standards compliance, deepening GVC participation, and leveraging digitalization to maximize EVFTA benefits.

điểm /   đánh giá
Phát hành ngày
2026-02-02
In ra
Tập. 5 Số. 6 (2025): VNU Journal of Economics and Business
Chuyên mục
Original Articles