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The Economic Prospects of Vietnam in the Integration Period

Author

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  • Hai Nam Vu

    (Ho Chi Minh City University of Transport, Ho Chi Minh City, Vietnam.)

  • Thi Cam Huyen Nguyen

    (Ho Chi Minh City University of Transport, Ho Chi Minh City, Vietnam)

Abstract

In the reports of international organizations and economic researchers, there seems to be "common formulas" for the advance economies of Korea, Taiwan, and Singapore. It is not necessary to think of different theories and policies, but to make a determination, to drastically implement the signs, experiences, lessons and universal values ??of the "tigers" that go ahead. The leader of Singapore's transformation summarized the principle of a nation's success as having a decisive leadership class, an effective management apparatus and a disciplined society. To turn tigers, Vietnam needs to achieve a growth rate of 7% or more over the next twenty years. So how to achieve that goal, avoiding going into the car's woes of economies that have fallen into the middle-income trap. Only with such a growth rate can Vietnam be in the best position to protect its independence and sovereignty.

Suggested Citation

  • Hai Nam Vu & Thi Cam Huyen Nguyen, 2019. "The Economic Prospects of Vietnam in the Integration Period," European Journal of Engineering and Technology Research, European Open Science, vol. 4(6), pages 96-100, June.
    • Handle: RePEc:epw:ejeng0:v:4:y:2019:i:6:id:61375
    DOI: 10.24018/ejeng.2019.4.6.1375
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