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The Impact of Foreign Direct Investment and Exports on Vietnam’s Economic Growth: 1991-2022

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  • Nguyen Thi Van Anh
  • Hoang Thanh Tung
  • Dinh Le Quynh Thu
  • Truong Thi Tuyet
  • Nguyen Ngoc Ha Nguyen

Abstract

The article examines the impact of foreign direct investment (FDI) and exports on Vietnam's economic growth from 1991 to 2022. Data on FDI, exports and real gross domestic product (GDP) were collected and analysed using EViews 8 software. The results show that both FDI and exports have a positive relationship with economic growth in Vietnam. Specifically, a 1% increase in FDI leads to a 0.2352% increase in economic growth, and a 1% increase in exports results in a 0.5425% rise in economic growth. The study suggests policy implications to promote FDI attraction and export activities to foster Vietnam’s economic growth and development.

Suggested Citation

  • Nguyen Thi Van Anh & Hoang Thanh Tung & Dinh Le Quynh Thu & Truong Thi Tuyet & Nguyen Ngoc Ha Nguyen, 2023. "The Impact of Foreign Direct Investment and Exports on Vietnam’s Economic Growth: 1991-2022," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 24(3), pages 107-124, July.
    • Handle: RePEc:wej:wldecn:906
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