Growing pains: Vietnamese firms’ operational efficiency and transition under the CPTPP

Publication Type

Journal Article

Publication Date

11-2025

Abstract

Free Trade Agreements (FTA) offer both opportunities and challenges for local businesses by expanding global markets and increasing competition. This study examines how Vietnamese firms adapted to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2018. Initially, businesses experienced a drop in efficiency due to increased investments and trade credit, but quickly recovered, showing overall improvement in their market exploitation and growth. The most significant improvements were seen in large, profitable, liquid firms listed on the Ho Chi Minh Stock Exchange that remained resilient during the COVID-19 pandemic. These results highlight the capability of Vietnamese firms to thrive in global commerce.

Discipline

Asian Studies | Finance

Research Areas

Finance

Publication

Emerging Markets Review

Volume

69

First Page

1

Last Page

22

ISSN

1566-0141

Identifier

10.1016/j.ememar.2025.101379

Publisher

Elsevier

Additional URL

https://doi.org/10.1016/j.ememar.2025.101379

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