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FOREIGN OWNERSHIP AND EXPORTS IN VIETNAMESE MANUFACTURING

Phan Minh Ngoc () and Eric Ramstetter ()
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Phan Minh Ngoc: Sumitomo Mitsui Banking Corporation, Singapore Branch, Singapore

The Singapore Economic Review (SER), 2009, vol. 54, issue 04, pages 569-588

Abstract: This paper analyzes exports of multinational corporations (MNCs) in Vietnamese manufacturing, highlighting the disproportionately large contribution of heavily-foreign MNCs with foreign ownership shares of 90% or more. The exports of heavily-foreign manufacturing MNCs are substantial and concentrated in apparel, footwear, and electric machinery-related industries. Export propensities also tend to be markedly higher in heavily-foreign MNCs than in other MNCs, and these differences generally persist after controlling for the effects industry affiliation, firm size, vintage, and capital intensity. There is a large variation in the relationship between ownership shares and export propensities among industries and years, however.

Keywords: Multinational corporation; export; manufacturing; Vietnam; F23; F14; O53 (search for similar items in EconPapers)
Date: 2009
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