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Research on Economic Inequality in Vietnam’s Urban Residents: Export-Oriented Economy, Urbanization and Corruption

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Lewen Qin

    (North China University of Water Resources and Electric Power, School of Foreign Language Studies)

  • Yijia Wang

    (Shanghai International Studies University, School of European and Latin American Studies)

  • Yuancheng Wang

    (Arizona State University, Watts College of Public Services and Community Solutions)

Abstract

As one of the fastest growing countries in the world and a typical emerging market developing country, Vietnam has an economic miracle based on an export-oriented economy. While the influx of investment and foreign exchange into income opportunities in Vietnam, the economic gap in income and wealth has also widened due to corruption fueled by rapid urbanization and a boom in foreign trade exports. Therefore, studies on Vietnam's export-oriented economy, corruption, urbanization, and inequality have a good role in showing social problems in developing countries. At the same time, Vietnam can be used as an example to find solutions to similar social problems in similar countries. Based on the data of the World Bank and other authoritative databases, this study uses the Excel correlation test to study the degree of export-oriented economy, corruption, urbanization, and income inequality of urban residents in Vietnam, and finally determines the main factors of income inequality of urban residents in Vietnam. The reason is the low degree of urbanization and export-oriented economy, followed by corruption. With the social and economic development of Vietnam, Vietnam's urbanization and export-oriented economic development will continue to improve the standardization and legalization of social governance in Vietnam, reduce corruption, and improve economic inequality among urban residents in Vietnam.

Suggested Citation

  • Lewen Qin & Yijia Wang & Yuancheng Wang, 2022. "Research on Economic Inequality in Vietnam’s Urban Residents: Export-Oriented Economy, Urbanization and Corruption," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 38-52, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_6
    DOI: 10.2991/978-94-6463-052-7_6
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