Analysing the Effects of the Exporting on Economic Growth in Vietnam

To analyze the impact of FDI and TO on economic growth in Vietnam, the research team collected yearly data from 1991--2023 from the Vietnam General Statistics Office on the IFS-IMF and WB sites. The study used the VECM model with the following endogenous variables: foreign direct investment (FDI), trade openness (TO), real gross domestic product (GDPR), and the interest rate of the U.S. Federal Reserve (IFED). Research results have shown that maintaining economic growth over the years drives economic growth. Moreover, the research supports the view that foreign direct investment and trade openness play important roles in promoting economic growth (g) in Vietnam. The authors propose some recommendations for attracting and using FDI and increasing trade openness to encourage economic growth in Vietnam.

In international development, the relationship between economic development and foreign direct investment (FDI) has long been a topic of great interest.Although this interest has provided a wealth of information regarding the effects FDI on growth in developing countries, there has been little empirical analysis of the linkages in Vietnam compared with other developing countries.Therefore, this study investigates the impact of FDI inflows on economic development including economic growth and financial development in Vietnam.By using robust estimation method, this study aims to assess the current state of the qualitative link between environmental quality and FDI.In addition, the study uses comparative and absolute methods to evaluate.The method of synthesis and analysis aims to clarify the role of FDI in economic growth in Vietnam as a basis for giving effective measures to attract and manage FDI and promote growth.Empirical results show that FDI, domestic investment, and trade openness positively impact economic growth.Moreover, the impact of government consumption on economic growth is negative and not statistically significant.Ultimately, this paper suggests that the Vietnamese government should improve regulations governing business operations by easing the process of starting a business, controlling prices, and augmenting cooperation between training centres and Foreign-invested enterprises. Research purposeUtilizing data from 1990 to 2019, the purpose of this study is to investigate the impacts of FDI inflows on financial development, economic growth, and further explore the factors influencing the economic development and regulatory quality by using robust least squares (RLS) method. Research motivation In international development, the relationship between economic development and foreign direct investment (FDI) has long been a topic of great interest. Although this interest has provided a wealth of information regarding the effects FDI on growth in developing countries, there has been little empirical analysis of the linkages in Vietnam compared with other developing countries. Therefore, this study investigates the impact of FDI inflows on economic development including economic growth and financial development in Vietnam. Research design, approach, and method:-The object of the study is to investigate the impacts of FDI inflows on financial development and economic growth -Research scope: + About space: Effects of FDI inflows on financial development and economic growth are presented for Vietnam.+ About time: The period from 1990 to 2019.-Research data: Data is collected from the World Bank, General Statistics Office of Vietnam, Statistical Yearbook.-Estimation method: Robust Least Squares (RSL) Main findings: Empirical results from RLS confirm the positive, significant impact of FDI and financial development on economic growth in Vietnam.Furthermore, domestic investment, trade openness also have similar effects while the effect of government consumption is negative and negligible.Practical/managerial implications: Empirical findings suggest that policymakers should adopt different measures to attract FDI as well as enhance labor quality to make the most use of these FDI inflows.

The paper investigates the correlation between stock market, real estate market, and economic growth in Vietnam, which is an emerging country. Quarterly data in Vietnam from the third quarter of 2004 to the third quarter of 2018 were utilized. By using the Autoregressive Distributed Lag (ARDL) approach, the results reveal that economic growth is positively associated with stock market and real estate market. An unprecedented finding of this study is that economic growth (GDP) is more correlated to stock market efficiency (SME) than net trading value by foreign investors (FI). Moreover, global financial crisis (GFC) exerts a negative impact on economic growth and real estate market in Vietnam. Further, net trading value by foreign investors (FI) also negatively influences real estate market (REM) in the short term. The study has greatly succeeded in giving first empirical evidence on the relationship between stock market, real estate market, and economic growth in Vietnam. More than that, the results show the key role of global financial crisis in this correlation. The findings are valuable to economies around the world, especially bringing a practical and meaningful value to developing countries like Vietnam.

Vietnam's phenomenal economic development has coincided with a substantial increase in FDI inflows and hence led researchers, including the author, to believe that increased inflows of FDI into Vietnam have had important implications for the country's trade and economic expansion over the past decades. This dissertation investigates factors determining foreign direct investment (FDI) inflows and the effects of FDI inflows on economic growth and trade in Vietnam and its different regions over the 1993-2006 period. The study reveals that wages, income per capita, GDP growth and accumulated FDI stock as well as openness to trade and special economic zones are important factors attracting FDI inflows into Vietnam. Human capital has not yet been a significant factor determining FDI inflows because FDI activities in Vietnam are mainly in labor-intensive industries in which a large number of skilled labor is not yet required. The existing physical infrastructure in Vietnam does not help attract FDI inflows either and this implies that an improvement in its quality is needed. Economic growth and FDI in Vietnam have a positively significant relationship. The beneficial effect on growth of FDI comes from stock of foreign capital that has been accumulated over the years. At the regional level, higher capital flow of foreign direct investmentis a major factor stimulating economic growth in the Northern region. The flow of superior technologies transferring from FDI firms can also help to increase the growth rate of the Central region by interacting with the region's open trade regime. The contribution of FDI to economic growth in the Southeastern region is explained by both foreign capital accumulation and new technologies and knowledge transferred from FDI enterprises through human capital. In all regions, inward FDI has a complementary relationship with Vietnam's exports, imports and total trade, implying that the FDIs are mostly of the vertical type. However, the patterns of the FDI-trade relationships between Vietnam and different partner countries show variations. To attract more FDI inflow into Vietnam and sustain the economic development, Vietnam has to improve the country's income per capita, GDP growth rate and trade openness. The Vietnamese government needs to pay more attention to improved quality of human capital, physical infrastructure as well as putting effect to enhance the investment environment in order to attract FDI inflows into a more tecnology-intensive line of production in the future.

Together with the impact of the post-COVID-19 pandemic, the world economy has had many fluctuations, especially the global economic crisis, which has reduced economic growth and caused inflation to rise in many countries. However, the goal of high and sustainable economic growth along with low inflation is often the main goal of each country's macroeconomic policy. So, this study aims to determine the relationship between inflation and economic growth in Vietnam, in the period 1996-2023, to determine the inflation threshold and make effective recommendations. The regression will use the least squares method (OLS) with the Newey-West standard error. This study shows that inflation supports growth in the short term and harms growth in the long term, at a light level, but does not find a converse impact, which is economic growth affecting inflation. The relationship between economic growth and inflation is a long-term relationship. Simultaneously, the study also agrees that effective control of inflation is essential for economic growth in Vietnam by proposing some solutions.

Objective: This article examines the relationship between foreign direct investment (FDI) and Vietnam's economic growth in the period 1991-2023. Theoretical Framework: Based on the theory of foreign investment and economic growth of economists such as Mankiw, Romer, and Weil (1992), Jones (1995), Binh & Lang (2008), and Tung & Duong (2019), the research team built the regression model that shows the relationship between FDI and GDPr. Method: The author collected data on FDI, and GDPr (variable representing economic growth) in the period 1991-2023 from GSO, International Financial Statistics, WB. The collected data was analyzed by software Eviews12. Results and Discussion: the results showed GDPR of one previous year and GDPR of the year under consideration has a positive relationship when last year's GDP fluctuated by 1%, GDPR of the year under consideration will fluctuate by 0.381721%. Between FDI and GDPR, there is a positive relationship, when FDI fluctuates by 1%, GDPR will fluctuate by 0.020825%. Research Implications: Research results support the view that foreign direct investment (FDI) plays an important role in promoting economic growth (g) in Vietnam. Originality/Value: From the research results, the author makes a number of recommendations to promote the attraction and effective use of foreign direct investment capital, supporting economic growth.

This study employs an Autoregressive Distributed Lag (ARDL) model to assess the impact of foreign direct investment, trade openness, technological innovation, and industrial sector performance on economic growth in Vietnam during the period 1993-2023. The results show that, in the short run, foreign direct investment, trade openness, and industrial sector performance have positive impacts on economic growth, while technological innovation has a negative impact. In the long run, foreign direct investment and technological innovation positively affect economic growth, whereas trade openness and industrial sector performance have negative impacts. Based on these findings, the study suggests several policy implications: prioritizing the attraction of foreign investment projects that utilize modern technologies; promoting comparative advantages in international trade; diversifying export markets; restructuring production towards the development of high-tech industries; and fostering technological innovation to generate new technologies and knowledge, thereby supporting rapid and sustainable economic growth.

This study was conducted to determine the impact of foreign direct investment on economic growth in Vietnam. The dataset used in this study was collected from the Statistical Yearbook of the General Statistics Office of Vietnam (GSO, 2014, 2017, 2019). Data is taken from 63 provinces/cities in Vietnam in the period from 2010 to 2019 to examine the impact of FDI on growth in the last 10 years. The study uses quantitative research methods to assess the impact of factors on economic growth. Research results show that the variable FDI has a positive impact on economic growth in the short and long run. In the three economic sectors considered, FDI has a positive impact on the state sector and the foreign invested sector in the short and long term. In the non-state sector, FDI only has a positive effect in the short term, but no long-term effect is found in this sector. Besides, the export variable and the 1-year lagged variable of the dependent variable have the effect of increasing the economic growth, especially export is the factor that has the strongest influence on growth. Lower inflation will cause economic growth to increase. In addition, the human capital variable does not affect economic growth in general, but when considering each sector human capital has both positive and negative effects on economic growth.

This paper analyses and forecasts of carbon dioxide (CO 1 ) emissions, renewable energy consumption, and gross domestic product (GDP) for Vietnam during the period of 2010 to 2019. These three variables are important factors that affect the energy efficiency, economic growth as well as climate change in Vietnam. Thus, this paper employs the grey prediction models including GM (1,1) and DGM (1,1) to predict three variables. According to forecasting results, the CO 1 emissions of Vietnam will grow by 3 %, the renewable energy consumption is not increase significantly, and the GDP is forecasted to increase 5% in 2019 compared with 2010. The study provides policy makers with useful information in finding the solutions to improve energy efficiency, economic growth and environmental protection in Vietnam.

This study's goal is to examine how technology and human capital interact with education and health indicators on economic growth and poverty alleviation in Vietnam. The second data of World Bank data is utilized in this study. We use the autoregressive moving average model. The research period starts from 2008 to 2021 in Vietnam. We found that technology and technological innovation have a very significant impact on Vietnam's economic growth, strengthened by education and health. However, the poverty rate is an obstacle to economic growth in Vietnam. This shows that human capital and technology are the strongest factors in increasing economic growth and reducing poverty.

This paper examines the relationship between commercial banks' characteristics and economic growth in Vietnam using the FEM and REM models to test the effect of commercial bank characteristics on economic growth in Vietnam. Using a panel dataset of 28 commercial banks from 2010 to 2021, we investigate the impact of bank characteristics on economic growth and provide some important findings. Our findings show that bank characteristics significantly affect economic growth. These results suggest that policymakers should focus on controlling banks’ activities to support economic growth in Vietnam. Overall, this study contributes to the existing literature on the role of commercial banks in promoting economic growth in developing countries like Vietnam.

The paper investigates the relationship between budget deficits and economic growth in Vietnam and the Association of South East Asian Nations (ASEAN) countries from 2011 to 2022. Given the increasing fiscal imbalances, particularly exacerbated by the COVID-19 pandemic, understanding the influence of budget deficits on economic performance is crucial for policymakers. Using panel data regression models such as ordinary least squares (OLS), fixed effects model (FEM), random effects model (REM), and feasible generalized least squares (FGLS), the study examines three main questions: the relationship between budget deficits and economic growth, the effect of budget deficits on economic performance, and recommendations for improving economic performance in Vietnam and other ASEAN countries. The results reveal that budget deficits have a significant negative impact on economic growth in the ASEAN region. Specifically, there is a clear inverse relationship between government expenditure and budget deficits. The study suggests that reducing budget deficits could boost economic growth. Additionally, the study examines other variables affecting economic growth, such as domestic savings, investment, inflation, government spending, and domestic credit. The findings provide strong justification for enacting measures to lower budget deficits and promote sustainable economic growth in Vietnam and ASEAN countries.

In 2010, Vietnam achieved a total import-export turnover of US $ 154 billion, but by 2019, that number increased more than tripled, reaching over $ 500 billion. In 2020, while the context of complicated developments of the outbreak COVID-19 in the world, disrupting supply chain in international trade, Vietnam's merchandise exports remained the rising trend and exerted a positive impact on economic growth. In the article, the research team will present the results of examining the current situation of Vietnam's exports and economic growth in the period 2005 - 2019 and the first 9 months of 2020. By using Eview8 software to analyze the data series compiled every quarter in the period 2005 - 2019, the research team evaluated the impact of exports on Vietnam's economic growth in this period and pointed out some problems for export activities of Vietnam. Besides, the research team also considers the opportunities and challenges for export activities in the context of the COVID-19 pandemic. Finally, the research team made some recommendations to boost Vietnam's exports in the context of the COVID 19 pandemic.

В настоящее время инструментам для устойчивого роста национальной экономики уделяется значительное внимание. Опыт анализа роли промышленности и оценки развития промышленности в рамках модели устойчивого роста экономики Социалистической Республики Вьетнам может быть использован для выявления перспектив развития экономик других развивающих стран. В статье исследуется развитие промышленности как ключевой инструмент для перехода к модели устойчивого роста экономики Вьетнама. В этом контексте обсуждаются взгляды на определение понятия «развитие промышленности» и выявляются основные направления моделирования экономического роста в современной экономике. На основе расчета вклада развития промышленности в рост ВВП Вьетнама и сравнительного анализа данных о развитии промышленности новых индустриальных стран, например Филиппин и Индонезии, показаны текущее состояние развития экономики Вьетнама и пути реализации модели устойчивого роста до 2030 г. Эффективное осуществление государственной стратегии развития промышленности оценивается на базе сравнения поставленных целей и результатов, достигнутых во Вьетнаме до 2020 г. Значительное внимание уделено процессам трансформации модели экономического роста за счет повышения уровня развития промышленности во Вьетнаме. В статье представлена концептуальная модель устойчивого роста экономики на основе развития промышленности, разработанная на базе системного подхода, объединяющая организационные, институциональные и экономические факторы развития промышленности и увязывающая его с триадой устойчивого развития. Выявлены основные проблемы развития промышленности во Вьетнаме на основе оценки развития промышленности в соответствии с основными блоками модели устойчивого роста экономики. В заключение предложены рекомендации по улучшению управления развитием промышленности во Вьетнаме в рамках этой модели. Currently, considerable attention is being paid to the issues of tools for sustainable growth of the national economy. An analysis of the role of industry and an assessment of the state of industrial development within the framework of a model of sustainable economic growth using the example of the Socialist Republic of Vietnam reveal the promising development of the economy in many developing countries of the world. This article examines the development of industry as a key tool for changing the model of sustainable economic growth in Vietnam. In this context, the main directions of modeling economic growth and the perspective on the definition of the concept of “industrial development” have been identified. Based on the calculation of the contribution of industrial development to the growth of Vietnam’s GDP and a comparative analysis of the data on the development of industry in new industrial countries, for example, the Philippines and Indonesia, the current state of development of the Vietnamese economy and ways to implement the model of sustainable growth until 2030 in Vietnam are shown. The effective implementation of the state strategy on the development of industry is evaluated on the basis of a comparison of the goal forecast and reality in Vietnam until 2020. The article presents a conceptual model of sustainable economic growth on the basis of industrial development, developed on the basis of a systematic approach, combines the organizational, institutional and economic factors of industrial development and links it with the triad of sustainable development. The main problems of the development of industry in Vietnam are identified on the basis of an assessment of the development of industry in accordance with the main blocks of the model of sustainable economic growth. In conclusion, recommendations are proposed for improving the management of industrial development in Vietnam in the framework of this model.

Tax can be categorised into direct tax and indirect tax. This paper uses the ordinary least-squares regression method to study the impact of direct and indirect tax on economic growth in Vietnam in the period 2003-2017. Statistical data is collected from the Ministry of Finance of Vietnam. Theoretically, tax generates the state budget revenue and is a tool to regulate the economy. The results of statistical tests show that tax has a positive impact on Vietnam's economic growth. However, the effects of direct tax and indirect tax are different. The indirect tax has a positive influence and promote Vietnam's economic growth, while the impact of the direct tax is invisible. There has not been sufficient evidence to confirm that the indirect tax has a more positive impact than the direct tax. To promote economic growth, Vietnam needs to restructure its tax system towards: (1) Increasing the proportion of indirect tax, reducing the proportion of direct tax in the state budget revenue; (2) Expanding tax bases; (3) Reducing tax rates of corporate income tax and personal income tax; (4) Increasing tax rates of environmental protection tax, natural resources tax, value added tax and excise tax on some types of goods which harm health and environment.