Abstract
In recent years, Vietnam has joined international intergration by strong export agreements of bilateral and multilateral; Vietnam’s merchandise export in 1995 was only US $5.4 billion, in 2018 Vietnam’s merchandise export increased by 45 times compared to 1995 with US $244 billion. Vietnam’s imports increased by 29 times in 2018 compared to 1995. This study is an attempt to test a method of estimating the influence of exports on several Supply-sidefactors such as production value, value added and imports through the expansion of the standard system W. Leontief I.O and Miyazawa-style economic-demographic relations. This study also tries to make an experiment in the “Leontief Paradox”.The result is that Vietnam’s export value spread to production and imports but spread low to added value, especially in the processing industry group’s fabrication. The study is based on the non-competitive I.O table in 2012 and 2018 with 16 sectors.
Highlights
Looking at the overall situation of Vietnam’s import and export of goods shows that before 2011 Vietnam always had trade deficit, but after 2011 this situation was no longer available
This study is an attempt to test a method of estimating the influence of exports on several Supply-sidefactors such as production value, value added and imports through the expansion of the standard system W
“Trade in Value added” measures the value added of one country spread by the final consumption of another countryand “Value added in Trade” estimate the value added of an economy, in the production of goods and services of export (OECD, 2020; Robert, 2012)
Summary
Looking at the overall situation of Vietnam’s import and export of goods shows that before 2011 Vietnam always had trade deficit, but after 2011 this situation was no longer available. “Trade in Value added” measures the value added of one country spread by the final consumption of another countryand “Value added in Trade” estimate the value added of an economy, in the production of goods and services of export (OECD, 2020; Robert, 2012). These two notions are often confused as the study of Vo et al (2015), “Trade in value added” analyzes the value added of a country through the Multinational IO model (multi- inter-countries input-output framework), in “Trade in value added”usually have to distinguish between “final demand” and “final products”. The industry is aggregated from Vietnam’s I.O table: Agriculture Fisheries Forestry Mining and quarrying Food processing industry Processing consumer goods Raw materials processing industry Machinery & equipment Electricity, gas and water Construction Commercial Transport Post office and contact information Finance, banking, insurance Other services State management
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