ANALYSIS OF THE CURRENT SITUATION OF AGRICULTURAL PRODUCT TRADE AND COMPETITIVENESS OF AGRICULTURAL PRODUCTS IN VIETNAM AND REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP COUNTRIES

Abstract

Vietnam's agricultural exports share to the Regional Comprehensive Economic Partnership (RCEP) is rising as local firms grab opportunities to enhance the export of agricultural products to member nations. However, the agricultural export sector is encountering several barriers. Currently, scholars have paid keen attention to the quality of Vietnam's agricultural exports, to catch the international market trade share of the firms, to the factors influencing Vietnamese agricultural export volume, and to strategies to enhance trade expansion in the export business. These factors are vital for policymakers, farmers, and exporters to develop plans to improve Vietnam's agricultural exports. The results show that Vietnam's agricultural product exports to RCEP countries' markets have gradually increased from 2001 to 2021 from US$ 1035.1 million in 2001 to US$ 111.3 million in 2021. However, due to the impact of COVID 19, Vietnam's agricultural exports tended to decrease in 2019 - 2020 and increase again in 2021. Among RCEP countries, exports of agricultural products to the United States play an important role. Exports to the United States will reach US$ 8.66 billion in 2022.