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Double Taxation Treaties as a Catalyst for Trade Developments: A Comparative Study of Vietnam’s Relations with ASEAN and EU Member States

by Anh D. Pham 1, Ha Pham 2,* and Kim Cuong Ly 2
1
Ressearch Institute for Banking, Banking Academy of Vietnam, Hanoi 100000, Vietnam
2
Faculty of Finance-Banking, Ho Chi Minh City Open University, Ho Chi Minh City 700000, Vietnam
*
Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2019, 12(4), 172; https://doi.org/10.3390/jrfm12040172
Received: 19 August 2019 / Revised: 24 September 2019 / Accepted: 7 October 2019 / Published: 23 November 2019
(This article belongs to the Special Issue Contemporary Issues in Business and Economics)
Employing a panel gravity model and Generalized Least Squares (GLS) estimation technique, this study documents the effect of double taxation treaties on the bilateral trade of Vietnam with ASEAN member states, thereby making an extensive comparison with its EU partner countries. Our findings indicate the significant contributions of the tax treaties to Vietnam’s trade performance, not exclusively with ASEAN but also with EU partner countries. Nevertheless, under some circumstances, the conclusion of tax treaties seems ineffective in strengthening export capacity or narrowing trade deficits for Vietnam. This is primarily due to the unidirectional movement of trade associated with tax treaty conditions, viz., imports from the advanced economies into Vietnam. Besides, the role of tax treaties as a dynamism of Vietnam’s export growth remains opaque during recent years. View Full-Text
Keywords: double taxation treaty; trade; gravity model; ASEAN double taxation treaty; trade; gravity model; ASEAN
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Pham, A.D.; Pham, H.; Ly, K.C. Double Taxation Treaties as a Catalyst for Trade Developments: A Comparative Study of Vietnam’s Relations with ASEAN and EU Member States. J. Risk Financial Manag. 2019, 12, 172.

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