A Gravity Model Approach To The Factors Affecting Vietnam's Garment Exports

In this study, the gravity model was used to determine the factors affecting Vietnam's garment exports. The results showed that the importing country's GDP, the importing country's population, the geographical distance between Vietnam and the importing country, the exchange rate between the currency of the importing country and Vietnamese dong, the lending interest rate of Vietnam, the localization rate of Vietnam's garment materials, and free trade agreements all impact Vietnam's garment exports. The study proposed two basic groups of solutions for state management agencies and garment manufacturing and exporting companies to promote Vietnam's garment exports.