Economics and Business
ISSN 2775-9237 (Online)
Published: 19 November 2020
The Impact of Exports on Economic Growth in Vietnam
Nguyen Thi Van Anh, Hoang Thanh Tung, Vu Thuy Hien
University of Labour and Social Affairs, Hanoi Institute for Socio-Economic Development Studies
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Keywords: Export, Economic Growth, Covid 19 Effects
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.
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