Volume 1 • No.1 | September, 2017
Vietnam’s economic situation in the context of integration into AEC
Nguyen Thi Canh, Dao Thi Ngoc
Abstract:
The study shows the development of Vietnamese economy during the period of 2011-2015 and the first 9 months of 2016. Analysis indicates a prosperous economic context in 2015, which then slows down in 2016. Determinants contributing to the growth of Vietnamese economy are also speculated. Factors such as capital and labor productivity are what the development is depending on, regardless of some slight improvements. The development rate in general comparing other countries in the region is still modest, with unstable macro economic factors and high public debt. Among AEC countries, Vietnam ranks 6th for GDP, attracts 19% FDI from the region, but has a trade deficit of over 5 billions USD within ASEAN each year. The analysis also states the opportunities and challenges for Vietnam when integrating into AEC. Possible solutions have been suggested by this study for Vietnam to overcome the circumstances and achieve development goals in upcoming years.