UNIVERSITY OF ECONOMICS AND BUSINESS BACHELOR THESIS ANALYSIS ON THE IMPACTS OF THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP) ON VIETNAM'S RICE EXPORT SUPERVISOR: PH.D LA THI THAM STUDENT NAME: NGUYEN THI HAI BINH CLASS: QH-2020-E KINH TE CLC 2 PROGRAM: CLC Ha Noi - 2023 UNIVERSITY OF ECONOMICS AND BUSINESS FACULTY OF POLITICAL ECONOMY BACHELOR THESIS ANALYSIS ON THE IMPACTS OF THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP) ON VIETNAM'S RICE EXPORT SUPERVISOR PH.D LA THI THAM STUDENT NAME: NGUYEN THI HAI BINH CLASS: QH-2020-E KINH TE CLC 2 PROGRAM: CLC Ha Noi — 2023 STATEMENT OF ORIGINALITY I declare that this research article is my own research topic under the guidance of Dr. La Thi Tham. This research article absolutely does not copy previously published research works. The secondary information used in this research article has clear, specific origins and is cited properly and does not violate copyright, ensuring the integrity of previous research articles.
If there is any mistake, I will take full responsibility and discipline from the faculty and school. Student Binh Nguyen Thi Hai Binh ii ACKNOWLEDGEMENT To complete my thesis topic: "Research on the impact of the Regional Comprehensive Economic Partnership (RCEP) on Vietnam's rice exports", I received a lot of help from my lecturers and individuals and groups to complete this thesis. I would like to send my deepest and most sincere thanks to PH.D La Thi Tham for helping me enthusiastically, responsibly and encouraging me to successfully complete this thesis. Although we tried very hard to complete it, the thesis could not avoid shortcomings and limitations.
I hope to receive contributions from my lecturers and friends to make my thesis more complete. Student Binh Nguyen Thi Hai Binh iti TABLE OF CONTENTS LIST OF TABLES AND FIGURES INTRODUCTION. Rationale ofthe Study. Aims of the study 2.
Object and scope of study. Data collection methods. Data synthesis and analysis methods 5. Significance of the topic.
Structure of the thesis. CHAPTER 1: THEORETICAL AND PRACTICAL BASIS OF EXPORT ACTIVITIES AND RCEP. Overview of research literature 1. Theoretical basis of export.
The roles of exports 1. Factors affecting rice export activities. Group of factors affecting production 1. Group of factors affecting export.
Criteria for assessing the current status of rice export activities 1. Criteria for assessing the current status of rice export 1. Criteria for assessing the impact of RCEP on rice exports 1. Group of evaluation criteria associated with RCEP 1.
Group of general evaluation criteria 1. Overview of RCEP and regulations for rice 1. RCEP regulations for rice. The role of boosting rice exports in the context of RCEP.
Practical experiences on rice exports and lessons learned for Vietnam. Experience from Thailand 1. Experience from India 1. Lessons learned for Vietnam 2.
Factors affecting Vietnam's rice exports to RCEP countries. Group of factors affecting production 2. Group of factors affecting exports. Positive and negative impacts of RCEP on Vietnam's rice exports in the period 2019-2022.
Assess strengths, weaknesses, opportunities and challenges of Vietnamese rice 2. Generalization of Vietnam's rice exports to RCEP markets 2. Limitations and causes. CHAPTER 3: SOLUTIONS TO BOOST VIETNAM'S RICE EXPORTS TO RCEP MARKET.
Objectives and orientations for exporting Vietnamese rice. Development orientation of export markets 3. Solutions to boost Vietnam's rice exports to RCEP market 3. Improve the quality of rice products.
Building and developing Vietnam's export rice brand. Develop a rice export strategy 3. Improving the ability to respond to policies of RCEP markets. CONCLUSION REFERENCES Appendix.
Annex 1: Requirements for rules of origin for rice products of RCEP countries .90 vi LIST OF TABLES AND FIGURES Figure 2. Vietnam rice exports from 2018 — 2022 Figure 2. Vietnam rice exports in 2022.1: Exported rice categories of Vietnam, 2018 - 2019 Figure 2. Structure of rice exports in the period of 2017 - 2020 Figure 2.
Proportion of Vietnam's rice exports to China. Structure of Vietnam's rice export market in 2019. Structure of Vietnam's rice export market, 2021 — 2022 Figure 2. Vietnam's average export rice price.
Some ofthe world's largest rice exporters in 2020 — 2022. GDP of RCEP countries Table 2. Vietnam's rice exports to RCEP countries in 2022 Figure 2. Vietnam's tariff reduction rates and roadmap for RCEP partners.
Rationale of the Study Exports play an important role in Vietnam's economy. Exports not only provide the foreign currency revenues needed for the development and improvement of people's lives, but also contribute positively to creating job opportunities, improving the quality of industry and services in the country, and creating growth for Vietnamese businesses and industries. Moreover, by participating in international markets, Vietnam has access to international technology, knowledge, and standards, thereby encouraging innovation and enhancing the competitiveness of Vietnamese industries and products on the world stage. Exports are a strong driving force for Vietnam's economic development and increase its international status.
The process of industrialization, modernization and international economic integration in Vietnam is taking place in agricultural conditions that still account for a high proportion of GDP. Rice production in our country in recent years has achieved great achievements, making positive contributions in the early period of industrialization and modernization of the country. Rice not only serves the consumption needs of domestic people, but also spends a large part for export. Rice export activities have made an important contribution to promoting agricultural production and rural economy, contributing to poverty alleviation, improving the lives of a part of the population, increasing social purchasing power.
In addition, rice exports also reduce the trade deficit, ensure national food security and bring in a large source of foreign exchange income, contributing to the development of the country. The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement (FTA) between 10 ASEAN countries and 5 partners: China, South Korea, Japan, Australia and New Zealand. The agreement accounts for about 30% of global gross domestic product, making it the largest trading bloc in history. For Vietnam, the Agreement officially takes effect from the beginning of 2022.
Taking effect on January 1, 2022, the RCEP agreement creates the world's largest free trade area and is expected to eliminate up to 90% of tariffs within 20 years between members. The agreement has brought many opportunities for Vietnam, especially export benefits such as helping Vietnam boost exports and better access to major consumer markets such as China, Japan, South Korea and Indonesia, helping manufacturers in Vietnam reduce costs and access supply chains throughout the Asia-Pacific region. However, the agreement also poses challenges for Vietnam as it faces more competition, both domestically and in export markets. For exports, RCEP will increase competition from Southeast Asian countries, some of which may be strong in products similar to Vietnam, especially in labor-intensive industries.
On the other hand, cheap Chinese products will also be able to reach the Vietnamese market more easily, and this will become a challenge for domestic businesses. With the desire to review Vietnam's rice export situation after signing the RCEP agreement, thereby finding solutions to limit negative impacts and take advantage of positive impacts to improve Vietnam's rice export activities, the author decided to choose the topic "Study on the impact of the Regional Comprehensive Economic Partnership (RCEP) on exports rice of Vietnam" as a research topic. Aims of the study 2. General objectives The general objective of this study is to analyze the impact of RCEP (negative, positive) on Vietnam's rice exports in the period of 2019-2022, thereby proposing solutions to boost Vietnam's rice exports.
Specific objectives - To synthesize the theoretical and practical basis of export activities and RCEP - To assess the impacts of RCEP on Vietnam's rice exports in the period 2019-2022 - To propose solutions to boost Vietnam's rice exports to RCEP market in the coming years. Object and scope of study Object of study: The study focuses on assessing the impact of RCEP on Vietnam's rice exports in the period 2019-2022. Scope of research: + Time scope: Secondary data of the study was collected from 15/09/2023 to 30/9/2023 to reflect an overview of the impact of RCEP on Vietnam's rice exports, especially in the period of 2019-2022. * Spatial extent: Vietnam and other RCEP countries import Vietnamese rice 4.
Data collection methods The author collected seconday data mostly from well-known organizations in the world and in Vietnam. For example, data on GDP, export turnover and imports of goods were collected from The World Bank (WB), the United Nations Commodity Statistical Database (UN Comtrade); while data on the proportion of Vietnam's rice exports and imports in market areas were collected from the General Statistics Office and the General Department of Customs etc. In addition, information on trade barriers of RCEF countries and the region, Vietnam's export and import policies, trade agreements etc. were gathered by looking up documents, texts, books and previous studies.
Data synthesis and analysis methods On the basis of the collected data, comparisons and checks between different sources were conducted to ensure the accuracy of the data before using it for calculation. Data checking was also helpful to detect shortcomings and discrepancies in the collection process to make timely adjustments. As a result, the most possible complete and accurate data set was formed, ensuring the future analysis accuracy. The thesis used mainly excel computer software to calculate absolute and relative indicators.
The findings were presented in two main forms including statistical tables and graphs. Comparative method was additionally applied to assess the current situation, compare the growth rate and competitiveness of rice exports of Vietnam and other countries during periods. Significance of the topic 5. Scientific significance The study fully and thoroughly systematizes the theoretical basis of export and RCEP activities in the rice export industry.
The research results add knowledge and reasoning to reference data sources on export activities, RCEP in general and the impact of RCEP on the rice export industry in particular. The results are objective, highly topical, based on a solid theoretical and practical basis. It provides a basis for studying the impact of trade agreements on many other aspects in the future. Practical significance The study assesses the impact of RCEP on Vietnam's rice exports in the period of 2019-2022.
It clarifies (1) the current situation of Vietnam's rice export activities in the period of 2019 — 2022, (2) factors affecting Vietnam's rice exports to RCEP countries, (3) positive impacts of RCEP on Vietnam's rice exports, (4) negative impacts of RCEP on Vietnam's rice exports, (5) assess achievements, limitations and causes of Vietnam's rice exports to RCEP markets. This study proves useful in understanding the positive and negative impacts of RCEP on Vietnam's rice exports, thereby ensuring the optimization of benefits and minimize negative consequences, improving people's lives and incomes, as well as formulating sound economic and trade policies to take opportunities raised by RCEP. Structure of the thesis Apart from the introduction, conclusion, references and appendices, the thesis consists of3 chapters: Chapter 1: Theoretical and practical basis of export activities and RCEP Chapter 2: Current status of RCEP impacts on Vietnam's rice exports Chapter 3: Solutions to boost Vietnam's rice exports to RCEP market CHAPTER 1: THEORETICAL AND PRACTICAL BASIS OF EXPORT ACTIVITIES AND RCEP 1. Overview of research literature 1.
Foreign studies Yachao Zhang, Zhi Li, Jialin Zhou (2022), "Estimating the Effects of the RCEP and Its Impact on China's Supply Chain" explores the impact of RCEP on China's economy and supply chains and offers suggestions to enhance the competitiveness of Chinese multinationals in the context of the entry into force of the RCEP agreement. The author used the GTAP standard static model that has measurable characteristics in analyzing different free trade policies and their impacts. This model uses Chinese production, consumption, and government as submodels, feeds into data and parameter variation, and finally simulates changes in China's social welfare, GDP, imports, and exports after RCEP implementation. The article also explains how China participates in the global production chain.