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Published: 2021-06-25
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DOI: https://doi.org/10.52932/jfm.v1i61.62
Issue
No. 61 (2021)
Section
Research Articles
How to Cite
Cành, N. T. . (2021). Measuring quality of Vietnamese economic growth. Journal of Finance and Marketing, 61(1), 1-17. https://doi.org/10.52932/jfm.v1i61.62

Measuring quality of Vietnamese economic growth

Nguyen Thi Canh1
1 University of Economics and Law

Main Article Content

Abstract

This paper measures the quality of Vietnam’s economic growth through ICOR, total factor productivity (TFP), Global Innovation Index (GII) and energy consumption index with the using secondary data and enterprise survey data from the General Statistics Office in the period 1990 – 2020. The research results show that although two indexes TFP and GII in Vietnam have improved in recent years, the ICOR and the energy consumption index are still too high, indicating that overall, quality of Vietnamese economic growth is not high and unstable. Based on this research result, the paper suggests that in order to improve the quality of economic growth, Vietnam needs to continue with three pillar strategies: improving the market economy institutions; developing high-quality human resources; rapid development of infrastructure systems, especially technical infrastructure for digital economic transformation, meeting the requirements of the fourth industrial revolution.

Article Details

Keywords

Quality of growth, Vietnamese economy

References

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