Impact of Export on Economic Growth in Vietnam: Empirical Research and Recommendations

Abstract

This paper analyzes the impact of export on economic growth in Vietnam. Our findings based on regression analysis of Vietnam data in the period 1990-2015 confirm a significant and positive relationship between export and Vietnam economic growth. Export plays an important role in the Vietnam economic development by accelerating the industrialization and modernization process in this country. Particularly, the export has a positive impact on GDP growth of the current year and also the one in two years later (2 years of delayed entry). On the basis of results obtained, we propose some recommendations for local government and export firm in order to promote export and its impact by contributing to sustainable economic development of commodity-exporting emerging and developing countries.