This study uses a structural gravity model of trade to examine the impact of the Vietnam - Eurasian Economic Union free trade agreement (FTA Vietnam - EAEU) on exports and imports between Vietnam and its member countries before and after the agreement. The model is tested on a sample of industry-level panel data from 2001 to 2019, the author estimates the fixed-effects model (FEM) in the country - paired with the number of observations obtained is 5,386 observations forming a repeat sample, unbalanced. The paper also performs Pseudo Poisson maximum likelihood estimation (PPML) is also applied to solve the zero trade issue and the presence of heteroskedasticity. The results indicate that the agreement leads to "trade creation", import and export turnover increases compared to before the agreement. The authors propose that the two sides need to boost to produce and export the comparative advantage products in order to seize preferential treatment from the agreement without affecting competition and complementing each other.
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Agricultural products are one of the important products in Vietnam's agricultural industry and contribute significantly to the value of economic growth. Under the direction of the Government, many businesses have taken solutions to remove difficulties in maintaining production, circulation and transportation of goods to ensure the supply of agricultural products during the covid-19 pandemic. In which, the application of technology in chain management and operation is a solution that brings positive effects to Vietnam's agricultural product industry.
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