The Impact of Risk Management and Economic Development on Agri- Business in the Context of Vietnam

In recent times, there has been a growing demand for the development of Agribusiness worldwide, necessitating the attention of current literature and seasoned policymakers. This article investigates the influence of risk management and economic development on the expansion of Agribusiness in Vietnam. Risk management includes the management of production, market, and financial risks. The study collected data from secondary sources, such as World Development Indicators (WDI), spanning from 1996 to 2022. The article employed the non-linear autoregressive distributed lag (NARDL) approach to examine the relationships between the variables. The outcomes of the study suggest that there is a positive correlation between risk management (production, market, and financial risk management), population growth, and economic development with the growth of Agribusiness in Vietnam. The results informed policymakers in establishing policies to promote Agribusiness through risk management and economic development.