Economics and Business
Quarterly Reviews
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
Download Full-Text Pdf
10.31014/aior.1992.03.04.296
Pages: 1491-1499
Keywords: Export, Economic Growth, Covid 19 Effects
Abstract
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.
References
Ha Chinh (2019). Vietnam reached 22nd globally in terms of export size. The online newspaper of the Government. http://news.chinhphu.vn. Accessed date Oct 5, 2020.
Dong, N.Q,. & Minh, N.T (2012). “The econometrics curriculum”. National Economics University Publisher.
Thu Ha (2020). Seeking new trading opportunities in the COVID-19 pandemic. The online newspaper of the Government. http://news.chinhphu.vn. Accessed date Oct 5, 2020.
Vietnam Ministry of Planning and Investment (2020). Report No. 154 / BC-TCTK, Socio-economic situation of the third quarter and the first 9 months of 2020. http://www.mpi.gov.vn/Pages/tinbai.aspx?idTin=47724&idcm=293.Accessed date Oct 8, 2020.
Trang, P (2020). Find a new way for export. The online newspaper of the Government. http://news.chinhphu.vn. Accessed date Oct 8, 2020.
Vietnam Customs (2020). Export and import of goods in Vietnam in June and 2 first quarters of 2020. https://www.customs.gov.vn, Accessed date Oct 8, 2020.
International Monetary Fund (2020). International Financial Statistics. https://data.imf.org/regular.aspx?key=61545859.Accessed date Oct 5, 2020.