Enhancing the Competitiveness of Tea Export of Vietnam Versus Other ASEAN Countries in the International Market
Price: ₹ 500
Author: Tung Huu Nong, Duong Huu Nong, Nam Hai Nguyen, Dinh Thi Pham1, Huyen Thi Mai1 and Yanan Sun
Author Address: Faculty of Economics and Finance, Bacgiang Agriculture and Forestry University, Bac Giang (Vietnam), Faculty of Natural Resources and Environment, Vietnam National University of Agriculture, Hanoi (Vietnam), and College of Tobacco, Henan Agricultural Univ
Keywords: ASEAN, competitiveness, export, market, tea.
JEL Codes: Q02, Q13, Q17.
Abstract
Tea is one of the leading agricultural export commodities of Vietnam. In this study, the tea market position of Vietnam and its competitiveness with other ASEAN countries from 2006 to 2020 was analyzed. The data were collected from several sources, such as national and international organizations. The study used Export Similarity Index (ESI) and Revealed the Comparative Advantage index (RCA) to analyze the comparativeness of tea export of Vietnam with other ASEAN countries. The results showed that Vietnam had more potential and advantage in tea production and export than other countries in ASEAN, reflected in the ESI and RCA indexes. However, Vietnam's tea sector had not yet taken full advantage of the country's potential. Based on the findings, some suggestions regarding policy implementation, management of government and enterprises, production and market development for the tea sector were given. With those suggestions, it was expected that Vietnam's tea sector will achieve sustainable growth and gradually enhance its position in the international market in the future.
Description
Indian J Econ Dev, 2023, 19(3), 515-524
https://doi.org/10.35716/IJED-22288