Perspective for the Vietnamese Economy in the Context of Asia and the Pacic: An econometric analysis with a global macro econometric model
In the context of the transition period to a market oriented economy, Vietnam attracts foreign capital to strengthen the supply-side economy. FDI plays a very important role in achieving export-led growth and contributes to the steady economic growth rate of 6-8% per annum. According to scenario forecasts employing the global macro model system(IUJ GM25), it is expected that the Vietnamese economy is likely to experience high growth, achieving a take-off stage with an export-led growth against the background of strong economic growth in Asia. It is noteworthy that the Vietnamese macro imbalances, including I-S and trade imbalance, and so on, are also expected to be improved if FDI will be increasing.