Some Issues on Vietnam Economy

Journal of Economics and Business

ISSN 2615-3726 (Online)

ISSN 2621-5667 (Print)

Published: 08 August 2019

Some Issues on Vietnam Economy

Nguyên Quang Thái, Bùi Trinh, Vu Tuan Anh, Nguyen Hong Nhung

Vietnam Development Research Institute

Download Full-Text Pdf

10.31014/aior.1992.02.03.123

Pages: 739-748

Keywords: Vietnam Economy, State Budget, FDI, Inflation

Abstract

Vietnam's economy in innovation has experienced many great achievements. The distance calculated according to the ratio of economic scale, export promotion, attraction of foreign direct investment capital, job creation for young workers, accelerating urbanization. However, looking inside the economy, we can see that productivity, quality, efficiency and competitiveness are not high, because of using the old growth model, with inputs with increasing material consumption. In addition, large budget spending is caused by a bureaucratic bureaucracy, with little resources available for development investment.Taxes and fees are still unreasonable. The lack of capital mobilization of FDI has resulted in a widening gap between GDP and GNI. Human resources lack intensive training so productivity is not high. The risk of inflation is still lurking. The economy needs to continue going strong reforms

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