Proceedings of the International Conference on Emerging Challenges: Sustainable Strategies in the Data-driven Economy (ICECH 2024)

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Effects Of Innovation On Trade: New Empirical Evidence From Vietnam

Authors
Nguyen Si Minh Hoang1, Pham Minh Trang1, Do Minh Hoang1, Van-Chung Dong1, *
1Department of Economics and Management, International School, Vietnam National University, Hanoi, Vietnam
*Corresponding author. Email: chungdv@vnuis.edu.vn
Corresponding Author
Van-Chung Dong
Available Online 30 April 2025.
DOI
10.2991/978-94-6463-694-9_9How to use a DOI?
Keywords
Process innovation; product innovation; trade performance; developing country
Abstract

Research purpose:

The purpose of this paper aims to empirically explore the impact of innovation on the trade performance of Vietnamese enterprises.

Research motivation:

Innovation is usually considered as a key factor to support trade performance of firms, especially in driven-exporting countries like Vietnam. Few studies have analyzed in depth the impact of innovation on trade activities in Vietnam.

Research design, approach, and method:

The paper uses a panel probit model using the World Bank Enterprise Surveys for the period between 2005 and 2023. The paper provides the estimated results with separate components of trade and aggregate trade. Besides, alternative innovation measurement is used for estimation to check the sensitivity of outcomes.

Main findings:

The key findings show that process innovation and product innovation are the two main drivers of export and import, followed by foreign direct investment (FDI), sunk costs at custom gates, and firm capacity. However, the single factor is that the firm has no impact on the export probability of the enterprise.

Practical/managerial implications:

Given the empirical findings, the paper provides economic insights to contribute to the design of tools and the creation of appropriate work policies to promote trade performance of enterprises through innovation activities in developing countries.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Emerging Challenges: Sustainable Strategies in the Data-driven Economy (ICECH 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 April 2025
ISBN
978-94-6463-694-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-694-9_9How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Nguyen Si Minh Hoang
AU  - Pham Minh Trang
AU  - Do Minh Hoang
AU  - Van-Chung Dong
PY  - 2025
DA  - 2025/04/30
TI  - Effects Of Innovation On Trade: New Empirical Evidence From Vietnam
BT  - Proceedings of the International Conference on Emerging Challenges: Sustainable Strategies in the Data-driven Economy (ICECH 2024)
PB  - Atlantis Press
SP  - 130
EP  - 151
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-694-9_9
DO  - 10.2991/978-94-6463-694-9_9
ID  - Hoang2025
ER  -