An analysis of wood pellets export from vietnam to eu in the context of russia kraine war

MINISTRY OF EDUCATION AND TRAINING FOREIGN TRADE UNIVERSITY -*** - MASTER THESIS AN ANALYSIS OF WOOD PELLETS EXPORT FROM VIETNAM TO EU IN THE CONTEXT OF RUSSIA-UKRAINE WAR Specialization: International Trade Policy and Law LE MAI HUONG Hanoi - 2023 MINISTRY OF EDUCATION AND TRAINING FOREIGN TRADE UNIVERSITY MASTER THESIS AN ANALYSIS OF WOOD PELLETS EXPORT FROM VIETNAM TO EU IN THE CONTEXT OF RUSSIA-UKRAINE WAR Major: International Economics Specialization: International Trade Policy and Law Code: 8310106 Fullname: Le Mai Huong Supervisor: Dr Pham Huong Giang Hanoi - 2023 i STATEMENT OF ORIGINAL AUTHORSHIP I solemnly declare: The data and research evaluations presented in this thesis have not been utilized in any other work and are entirely truthful The information cited in this research has been sourced from the reference list, and acknowledgments have been expressed for any assistance provided in completing this thesis Hanoi, 08 September 2023 Thesis author Le Mai Huong ii ACKNOWLEDGEMENT The research thesis on "An analysis of wood pellets export from Vietnam to EU in the context of Russia-Ukraine war" is the result of my personal exploration and the encouragement, support, and guidance of my professors I would like to express my sincere gratitude to Dr Pham Huong Giang for her dedicated guidance and support throughout the research, implementation, and completion of this thesis I would like to thank my family and the institutions I am affiliated with for providing the necessary resources and assistance during the entire process of conducting this research They have also been a great source of encouragement and support in my journey to complete this study iii TABLE OF CONTENT STATEMENT OF ORIGINAL AUTHORSHIP i ACKNOWLEDGEMENT ii LIST OF ABBREVIATIONS v LIST OF TABLES .vi LIST OF FIGURES vii ABSTRACT viii INTRODUCTION CHAPTER 1: THE THEORETICAL FRAMEWORK ON THE EXPORTATION OF WOOD PELLETS AND AN OVERVIEW OF THE POTENTIAL IMPACTS OF RUSSIA-UKRAINE WAR ON THE EU’S IMPORTATION 1.1 Export 1.1.1 Definition 1.1.2 Roles of export 1.2 Overview of wood pellets 1.2.1 Definition 1.2.3 Applications of wood pellets 10 1.3 Overview of European Union 10 1.3.1 General introduction to the EU 10 1.3.2 International trade policy of EU 13 1.3.3 .EU wood pellets market 17 iv 1.3.4 .Trade relation between EU and Vietnam 19 1.3.5 EU-Vietnam Free Trade Agreement (EVFTA) 21 1.4 .Overview of Russia-Ukraine war 24 1.4.1 The cause of Russia-Ukraine war 24 1.4.2 Progress of the Russia-Ukraine war 26 1.4.3 Effects of Russia-Ukraine war on international trade .30 SUMMARY OF CHAPTER .34 CHAPTER 2: ANALYZING WOOD PELLETS EXPORT FROM VIETNAM TO EU IN THE CONTEXT OF RUSSIA-UKRAINE WAR .35 2.1 The current situation of wood pellets exports in Vietnam (2018-2022) 35 2.1.1 Wood pellets value structure 35 2.1.2 Export volume and value of wood pellets 37 2.1.3 Wood pellets exporting and manufacturing enterprises in Vietnam 39 2.2 The current situation of wood pellets exports from Vietnam to Europe in the context of Russia-Ukraine war42 2.3 Assessment the situation of exporting wood pellets from Vietnam to the EU in the context of the RussiaUkraine war .45 2.4 Opportunities of exporting wood pellets from Vietnam to the EU in the context of the Russia-Ukraine war 49 v 2.4.1 Expanding market share in the European market and contributing to the growth of Vietnam's export turnover 49 2.4.2 Attracting foreign direct investment (FDI) 50 2.4.3 Improving the quality of wood pellets 51 2.5 Challenges of exporting wood pellets from Vietnam to the EU in the context of the Russia-Ukraine war 51 2.5.1 Challenges with government agencies 51 2.5.2 Challenges for enterprises 52 CHAPTER 3: POLICY IMPLICATIONS AND SOLUTIONS TO PROMOTE EXPORT VIETNAM’S WOOD PELLETS TO EU IN THE CONTEXT OF RUSSIA-UKRAINE WAR .58 3.1 Forecasting prospect of exporting wood pellets from Vietnam to EU in the context of Russia-Ukraine war 58 3.2 Policy implications to promote Vietnam’s wood pellets exports to the EU in the context of RussiaUkraine war .59 3.3 .Solutions for enterprises to promote exports of wood pellets to the EU in the context of the RussiaUkraine war .65 SUMMARY OF CHAPTER .71 CONCLUSION 72 REFERENCES ix vi LIST OF ABBREVIATIONS Abbreviation EVFTA Interpretation European Union–Vietnam Free Trade FTA EU GSP SPS TBT CCT GDP HS FSC NATO Agreement Free Trade Agreement European Union Generalized System of Preferences Technical Barriers to Trade Technical Barriers to Trade Common Customs Tariff Gross Domestic Product Harmonized System Forest Stewardship Council The North Atlantic Treaty WTO UN VIFOREST Organization World Trade Organization The United Nations Vietnam Timber and Forest Product MIT MT Association Ministry of Industry and Trade Metric ton