The Determinants of Vietnam’s Information and Communication Technologies Exports to the European Union
| Published date | 01 May 2022 |
| DOI | 10.1177/00157325211057977 |
| Date | 01 May 2022 |
| Subject Matter | Original Articles |
The Determinants of
Vietnam’s Information
and Communication
Technologies Exports to
the European Union
Phan Thanh Hoan1 and Duong Thi Dieu My1
Abstract
Vietnam is one of the top information and communication technologies (ICT)
exporters globally, and the ICT products constitute nearly one-fifth of Vietnam’s
total exports to the European Union (EU). This study empirically investigates the
determinants of Vietnam’s ICT exports to the EU by applying the gravity model
for trade with panel data from 2000 to 2019. Besides the traditional variables
of the gravity model, we added gross capital formation, patent application and
exchange rates as explanatory variables. The results show that among factors
affecting Vietnam’s ICT export to the EU, market size, patent applications, and
exchange rate are the most significant determinants. The article also suggests
some policy implications for the development of ICT exports between the two
parties.
JEL Codes: F14, C2
Keywords
ICT exports, export determinants, panel data, Vietnam, the EU
Introduction
Over the past decades, information and communications technology (ICT) has
been among the most rapidly growing sectors in world trade. In 2019, the trade
Original Article
1 University of Economics, Hue University, Thua Thien Hue, Vietnam.
Corresponding author:
Phan Thanh Hoan, University of Economics, Hue University, Thua Thien Hue, Vietnam.
E-mails: hoanphan@hueuni.edu.vn; hoanphan@hce.edu.vn
Foreign Trade Review
57(2) 148–159, 2022
© 2022 Indian Institute of
Foreign Trade
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DOI: 10.1177/00157325211057977
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