Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
Published: 08 August 2019
Some Issues on Vietnam Economy
Nguyên Quang Thái, Bùi Trinh, Vu Tuan Anh, Nguyen Hong Nhung
Vietnam Development Research Institute
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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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