Truong, Thi Thuy Linh, Wang, Pengji, and Wood, Jacob (2024) Vietnam’s Export-Led Growth Model and Environment Performance. In: Tan, Sook Rei, Jang, Haejin, and Wood, Jacob, (eds.) Economic Growth and Development in the Tropics. Routledge Advances in Business, Industry and Trade in the Tropics . Routledge, London, United Kingdom, pp. 191-222.

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Abstract

This chapter aims to investigate the impact of Vietnam’s export-led growth model driven by analyzing the impact of exports and foreign direct investment (FDI) on environmental performance. The environmental performance is investigated by looking into greenhouse emission measured by CO2 emission intensity and bio-diversity loss measured by the Red List Index. The Bayesian linear regression was employed to analyze the data that was extracted from multiple sources including General Statistics Office Vietnam, World Bank, and the United Nations Statistics from between 1985 and 2023. The results show that exports have a U-shaped relationship with CO2 emission intensity and biodiversity loss, while industrial goods exports are always positively related to CO2 emission intensity. Furthermore, the foreign sectors’ export shows a U-shaped relationship with CO2 emission intensity. FDI inflow does significantly affect CO2 emission intensity but contributes to biodiversity loss. From our assessment of the results, a series of relevant policy recommendations are also provided.

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