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Vietnam’s Economy and the Balance of Payment: An Empirical Analysis of Macroeconomic Factors, 2008 - 2023

In: Proceedings of the International Conference on Emerging Challenges: Business Dynamics in Disruptive Economy (ICECH 2025)

Author

Listed:
  • Phuong T. Nguyen

    (Vietnam National University, International School)

  • My-Hanh Duong

    (CY Tech)

  • H.-Anh Nguyen

    (Vietnam National University, International School)

  • Hien T. Nguyen

    (Vietnam National University, International School)

Abstract

Research purpose: This study investigates the influence of economic factors on Vietnam’s Balance of Payments (BOP) from 2008 to 2023. The economic indicators in the study include interest rates, trade balance, foreign direct investment (FDI), and consumer price index (CPI), which are used to determine the extent to which they affect the fluctuations of the BOP. Research motivation: This study is driven by economic changes and challenges from external shocks as Vietnam becomes increasingly deeply integrated into the global economy. Investigating the relationship between macroeconomic factors and the balance of payments helps provide a basis for policymakers to develop appropriate macroeconomic management measures, contributing to the stability of the balance of payments and sustainable economic development. Research design, approach, and method: We applied various statistical tools and techniques to examine the relationship between interest rates, trade balance, foreign direct investment, consumer price index and the balance of payments (BOP), followed by building and running a regression model using STATA software to test the model’s suitability and analyze the results. Main findings: The findings show that the model is statistically significant (F-statistic value = 8.51; p-value

Suggested Citation

  • Phuong T. Nguyen & My-Hanh Duong & H.-Anh Nguyen & Hien T. Nguyen, 2026. "Vietnam’s Economy and the Balance of Payment: An Empirical Analysis of Macroeconomic Factors, 2008 - 2023," Advances in Economics, Business and Management Research, in: Nguyen Danh Nguyen & Pham Thi Kim Ngoc (ed.), Proceedings of the International Conference on Emerging Challenges: Business Dynamics in Disruptive Economy (ICECH 2025), pages 61-81, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-622-7_5
    DOI: 10.2991/978-94-6239-622-7_5
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