|執筆者||Phan Minh Ngoc, Eric D. Ramstetter|
Previous studies indicate that foreign multinational corporations (MNCs) have generally accounted for relatively large shares of host country exports and thus had relatively high export propensities in Vietnam and other Southeast Asian countries. Furthermore, previous studies of Indonesia, Singapore, and Thailand suggest a strong correlation between foreign ownership shares and export propensities, even after many other determinants of export propensities are controlled for. This paper uses unpublished data on foreign investment projects in 2000-2001 to examine this relationship for the first time in Vietnam. Results indicate that export propensities tend to be significantly higher in MNCs with foreign ownership shares of 90 percent or greater, after controlling for the effects of other factors thought to affect export propensities, such as industry affiliation, firm size, vintage, and capital intensity. There is a large variation in the relationship between ownership shares and export propensities among industries and years, however.