The relationships between,GDP, FDI, Import andExportin Vietnam after 30 years Reforms
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 3
Abstract
Foreign direct investment (FDI) is an important source of capital to supplement the total investment capital for economic growth of each country, including Vietnam. Since the Law on Foreign Investment was adopted in 1987, Vietnam has attracted a large amount of foreign capital, and this capital inflow has made important contributions to economic development. Since 1986, Vietnam has undertaken a comprehensive renovation of the country. Compared to reform and transition from a planned economy to a market economy in other countries, innovation in Vietnam has its own characteristics. Innovation in Vietnam takes place in two dimensions: "from the bottom up" in cooperatives, enterprises and "top down" means the decisions of the Party and the State. Relationship bidirectional for the renovation in Vietnam took place without conflict between "top" and "bottom", nor the "shock" is too strong to be created by the tough policies and measures and the willpower of the "top" leadership. This is a remarkable feature of the process of innovation in Vietnam, both the top-down leadership and the creativity of the people from below. Therefore, innovation has led to success.This study aims to find relationships between GDP, exports, import, and FDIin the period 1987-2017. The results show that there is a long and significant relationship between investment and exports with total domestic output at a 95% confidence level. The study also show that FDI, export …increased GDP, creating important preconditions for the growth of the Vietnameconomic.
Authors and Affiliations
Do Thi Thao
Keywords
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- EP ID EP414843
- DOI 10.9790/5933-0903026773.
- Views 201
- Downloads 0
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