Determinants Affecting Economic Growth: The Case of Viet Nam

Abstract

Economic growth can be seen as one of priorities of the Vietnamese Government in recent years. This article aims to investigate factors affecting economic growth of Viet Nam in the last 40 years (1977-2016). Our results demonstrated that share of exports, foreign direct investment, value added of agriculture, forestry and fishery sector, and ASEAN participation had positive impacts on economic growth, while imports negatively affected economic growth of Viet Nam. Lastly, policies are recommended to the Vietnamese Government to enhance economic growth.