HOW TECHNOLOGICAL READINESS, AMONG OTHER FACTORS, INFLUENCES AGRICULTURAL EXPORTS FROM VIETNAM TO THE EUROPEAN UNION

Abstract

The agricultural sector is vital to Vietnam's economy, contributing significantly to food security, employment, and export revenues. As the European Union (EU) emerges as a promising market for Vietnam's agricultural exports, Vietnam must adapt and embrace technological advancements in the agricultural sector to penetrate and excel in the highly competitive and regulated EU market. Technological readiness refers to Vietnam's preparedness to leverage modern advancements in agriculture. This study examines how technological readiness, among other factors such as GDP, population, distance, agricultural land, institutions, and the technological gap, influences the trajectory of Vietnam's agricultural exports to its principal trading partners in the EU. Preliminary findings indicate a positive correlation between technological readiness and increased agricultural exports, drawing significant policy implications. These insights underscore the potential of technology integration in enhancing Vietnam's position in the EU market and the global agricultural export landscape.