Abstract
Seaport industry plays an important role in local and national economic development. The development of the seaport industry creates a competitive advantage, promotes international trade and speeds up the integration process of nations, especially in developing countries. Many studies have noted the importance of seaports to economic development. Economic development is also one of the crucial factors in seaport development. Economic growth will promote domestic production and improve investment efficiency. The development of import and export activities directly affects the supply of goods and the scale of operations of seaports; the increasing in industrial-agricultural output will increase the volume of goods, thereby promoting the seaport industry. This research analyses the relationship between economic growth, export-import operations, industry & agriculture to cargo through ports based on statistical data for the period 2000–2019. This study selects the case of Vietnam, a developing economy with a long coastline along with the country, and its shipping capacity ranked 4th in the ASEAN region.
Highlights
The role of seaports in local and national economic development has been confirmed in numerous studies (Bayar Caglak et al, 2011; Boonadir et al, 2012; Dwarakish & Salim, 2015; Park & Seo, 2016; Jouili, 2016)
One of the factors that led to this result was that Vietnam became a member of WTO in 2007, which increased the total volume of Agricultural Value (Thousand billion VND) Industrial Value (Thousand billion VND) Cargo through ports (Million tones) goods exported and imported through Vietnam’s seaports (Nguyen & Ngo, 2017)
Seaports in Vietnam have been focused and developed since 2015 and became active since 2017 when Vietnam expanded economic integration (Nguyen & Ngo, 2017). It shows that macroeconomic policies have profound impacts on seaport activities
Summary
The role of seaports in local and national economic development has been confirmed in numerous studies (Bayar Caglak et al, 2011; Boonadir et al, 2012; Dwarakish & Salim, 2015; Park & Seo, 2016; Jouili, 2016). Seaports contribute and promote economic development, industrial development, international trade growth, and foreign investment. Import and export activities affect the development of seaports by directly affecting the volume of goods through ports (Jouili, 2016).
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