TAILIEUCHUNG - What determines export participation of private domestic manufacturing smes in Vietnam
This study provides for the new evidence of factors determining export participation of private manufacturing SMEs in Vietnam. Using a recent national survey in 2011 about private manufacturing SMEs, we find that while more years in business does not affect the probability of firm exporting, firm with smaller scale have a lower likelihood of exporting. | Asian Social Science; Vol. 11, No. 15; 2015 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education What Determines Export Participation of Private Domestic Manufacturing SMEs in Vietnam? Nguyen Trong Co1, Tran Duc Hiep2 & Vu Van Huong1 1 Academy of Finance, Hanoi, Vietnam 2 University of Economics and Business, Vietnam National University, Hanoi, Vietnam Correspondence: Vu Van Huong, Academy of Finance, Hanoi, Vietnam. E-mail: huongvu@ Received: January 6, 2014 doi: Accepted: March 9, 2015 Online Published: May 15, 2015 URL: Abstract This study provides for the new evidence of factors determining export participation of private manufacturing SMEs in Vietnam. Using a recent national survey in 2011 about private manufacturing SMEs, we find that while more years in business does not affect the probability of firm exporting, firm with smaller scale have a lower likelihood of exporting. The results also indicate that innovation has a positive effect on exporting probability of firms implying that encouragement of innovative activities play an important role in promoting exporting participation of private domestic SMEs. Keywords: export, manufacturing, private, SMEs, Vietnam 1. Introduction Since the introduction of the renovation policy (Đổi Mới) in 1986, Vietnam has pursued a market-oriented economy. The country has witnessed great success from the implementation of various reform measures, which have focused mainly on the encouragement of foreign direct investment and the promotion of export-oriented industries. The economy achieved an annual average GDP growth rate of during the 1986-2009 period (Le, 2010). The GDP per capita growth of Vietnam is always higher than compared to the corresponding figure of nations with low and middle income during the period 1988-2006 (Markussen et al., 2012). In addition, there has been a significant improvement in .
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