Vietnam's Export-Led Growth Model and Competition with China

Jean-Raphael Chaponniere and Jean-Pierre Cling

Economie Internationale, 2009, issue 118, 101-130

Abstract: The emergence of China has raised some doubts concerning the possibility for new Asian countries to take off and join the group of emerging countries. This paper addresses this question in the case of Vietnam, which has been following China's path closely and very successfully during the last two decades. We first describe Vietnam's export-led growth strategy, and its results in terms of economic growth and world integration. Then we analyze Vietnam trade specialization compared to China's and other Asian emerging countries'. Finally, we show that Vietnam's and China's export structures are very different and that China is not "crowding out" Vietnam for textile & clothing products on the US market. In the long term, a major challenge for Vietnam is to diversify exports and take part in the regional production network.

Keywords: Vietnam; China; export-led growth; textile & clothing; trade specialization (search for similar items in EconPapers)
JEL-codes: F13 F15 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (7)

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