Factors Affecting Vietnam's International Economic Integration

Crossmark

Article Sidebar

Page Numbers: 1-19
Download PDF
Published: Nov 17, 2024
Digital Object Identifier: 10.58578/ijecs.v3i1.4117
Save this to:
Save to Mendeley Download RIS

Article Metrics:
Viewed: 530 times
Downloaded: 392 times
Article can trace at:

Author Fee:
Free Publication Fees for Foreign Researchers (USD 0.00)
Check for article on SINTA:

LYAS Publisher cordially invites qualified professionals to serve as Editors or Reviewers. Your expertise will make an important contribution to maintaining and strengthening the academic quality of our publications. Interested applicants are kindly requested to complete the application form at the following link: Editors & Reviewers

Connected Papers:
Connected Papers


Please feel free to contact us if you need any further information about the submission process or if you have any additional questions.


Authors:
Thanh Thi Pham1, Trang Mai Tran2*, Hiep Trong Nguyen3
Copyright :

Authors retain copyright and grant the journal right of first publication.

Explore Our Journals
Find the journal that best fits your research. If this journal does not match your manuscript’s scope, explore our portfolio below to select a more suitable publication venue.

Main Article Content

Thanh Thi Pham
Vietnam Institute of Economics, Vietnam
Trang Mai Tran
Vietnam Institute of Economics, Vietnam
Hiep Trong Nguyen
VinUniversity, Hanoi, Vietnam

Abstract

International integration enables countries to cooperate, utilizing shared resources for mutual benefit, and promoting global prosperity. There are three levels of integration: global, regional, and bilateral. Economic integration involves joining organizations, signing trade agreements, and facilitating cross-border flows of goods and capital, enhancing market access and productivity. Technology, trade liberalization, and financial openness are major drivers, with AI as a future growth catalyst. Vietnam's integration has bolstered its economy, increasing GDP and export capacity. However, challenges like competitive pressures, dependency on foreign resources, and regional disparities exist. To navigate these, Vietnam needs policies that balance growth, reduce dependency, and preserve cultural identity, ensuring inclusive and sustainable development.

Keywords:
Share Article:

Citation Metrics:

Scopus

Downloads

Download data is not yet available.

Citation Metrics & Similar Scopus Articles

Citation data unavailable from the configured source
Check Secondary Documents in Scopus
Open this article in Scopus, then check the Secondary documents tab. Use Manual Citation Fallback only for counts you have verified manually.
Open in Scopus
Similar Scopus Articles
Scopus
  1. Berenjian K. (2027)
    Impact of Mild Traumatic Brain Injury (mTBI) on CYP2D6 Activity and the Restorative Effects of Melatonin and Vitamin C Supplementation
    Iranian Journal of Pharmaceutical Research, 26(1)
  2. Kylyshkanov M. (2027)
    Innovative Adsorbent Materials for Efficient Silicon Extraction from Industrial Waters: A review
    Kompleksnoe Ispolzovanie Mineralnogo Syra, 341(2), 105-116
  3. Baltaev U.S. (2027)
    Extraction of P2O5 from the mineralized mass of the Central Kyzylkum using acidic wastewater generated from cotton soapstock processing: scientific analysis based on equilibrium principles
    Kompleksnoe Ispolzovanie Mineralnogo Syra, 341(2), 83-96

Article Details

How to Cite
Pham, T. T., Tran, T. M., & Nguyen, H. T. (2024). Factors Affecting Vietnam’s International Economic Integration. International Journal of Education, Culture, and Society, 3(1), 1-19. https://doi.org/10.58578/ijecs.v3i1.4117

Creative Commons License
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

References

Akbari, A., Ng, L., & Solnik, B. (2021). Drivers of economic and financial integration: A machine learning approach. Journal of Empirical Finance, 61, 82–102. https://doi.org/10.1016/j.jempfin.2020.12.005

Bekaert, G., Harvey, C. R., & Lundblad, C. (2005). Does financial liberalization spur growth? Journal of Financial Economics, 77(1), 3–55. https://doi.org/10.1016/j.jfineco.2004.05.007

Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115–135. https://doi.org/10.1016/S0022-1996(97)00033-0

Bryant, C. E., & Javalgi, R. G. (2016). Global economic integration in developing countries: The role of corruption and human capital investment. Journal of Business Ethics, 136(3), 437–450. https://doi.org/10.1007/s10551-014-2490-3

Christopher, M., & Peck, H. (2004). Building the resilient supply chain. The International Journal of Logistics Management, 15(2), 1–14. https://doi.org/10.1108/09574090410700275

Ciravegna, L., & Michailova, S. (2022). Why the world economy needs, but will not get, more globalization in the post-COVID-19 decade. Journal of International Business Studies, 53(1), 172–186. https://doi.org/10.1057/s41267-021-00467-6

Coe, D. T., & Helpman, E. (1995). International R&D spillovers. European Economic Review, 39(5), 859–887. https://doi.org/10.1016/0014-2921(94)00100-E

Frankel, J. A., & Romer, D. H. (1999). Does trade cause growth? American Economic Review, 89(3), 379–399. https://doi.org/10.1257/aer.89.3.379

Garrett, G. (2000). The causes of globalization. Comparative Political Studies, 33(6–7), 941–991. https://doi.org/10.1177/001041400003300610

Gereffi, G. (2020). What does the COVID-19 pandemic teach us about global value chains? The case of medical supplies. Journal of International Business Policy, 3(3), 287–301. https://doi.org/10.1057/s42214-020-00062-w

Gonzales, J. T. (2023). Implications of AI innovation on economic growth: A panel data study. Economic Structures, 12(1), 13. https://doi.org/10.1186/s40008-023-00307-w

Grossman, G. M., & Helpman, E. (1991). Innovation and growth in the global economy. MIT Press.

Hanushek, E. A., & Woessmann, L. (2008). The role of cognitive skills in economic development. Journal of Economic Literature, 46(3), 607–668. https://www.jstor.org/stable/27647039

Ivanov, D., & Dolgui, A. (2020). Viability of intertwined supply networks: Extending the supply chain resilience angles towards survivability. International Journal of Production Research, 58(10), 2904–2915. https://doi.org/10.1080/00207543.2020.1750727

Javorcik, B. (2020). Global supply chains will not be the same in the post-COVID-19 world. In COVID-19 and Trade Policy: Why Turning Inward Won’t Work. CEPR Press.

Kose, M. A., Prasad, E. S., & Taylor, A. D. (2009). Thresholds in the process of international financial integration. Journal of International Money and Finance, 28(6), 1103–1126. https://doi.org/10.1016/j.jimonfin.2010.08.005

Krueger, A. B., & Lindahl, M. (2001). Education for growth: Why and for whom? Journal of Economic Literature, 39(4), 1101–1136. https://www.jstor.org/stable/2698521

Le, V. H., & Phung, T. V. K. (2023). Hội nhập kinh tế quốc tế của Việt Nam: Thực trạng và giải pháp. Tạp chí nghiên cứu công nghiệp và thương mại. https://vioit.vn/hoi-nhap-kinh-te-quoc-te-cua-viet-nam-thuc-trang-va-giai-phap.html

Lucas, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3–42. https://doi.org/10.1016/0304-3932(88)90168-7

Mussa, M. (2000). Factors driving global economic integration. In Global economic integration: Opportunities and challenges (pp. 9-55).

Naz, A., & Ahmad, E. (2018). Driving factors of globalization: An empirical analysis of the developed and developing countries. Business & Economic Review, 10(1), 133–158. https://doi.org/10.22547/ber/10.1.6

Nguyen, D. B. (2019). A new examination of the impacts of regional trade agreements on international trade patterns. Journal of Economic Integration, 34(2), 236–279. https://doi.org/10.11130/jei.2019.34.2.236

Nguyen, Q. A., & Nguyen, T. T. N. (2023). Hiệu ứng của tự do hóa tài chính đối với tăng trưởng kinh tế tại Việt Nam. Tạp chí Kinh tế và Phát triển, 310, 13–22. https://doi.org/10.33301/jed.vi.1151

Quinn, D. P., & Toyoda, A. M. (2008). Does capital account liberalization lead to growth? The Review of Financial Studies, 21(3), 1403–1449. https://doi.org/10.1093/rfs/hhn034

Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(5, Part 2), S71–S102.

Schultz, T. P. (1999). Health and schooling investments in Africa. The Journal of Economic Perspectives, 13(3), 67–88. https://doi.org/10.1257/jep.13.3.67

Shih, W. C. (2020). Is it time to rethink globalized supply chains? MIT Sloan Management Review, 61(4), 1–3. https://sloanreview.mit.edu/article/is-it-time-to-rethink-globalized-supply-chains/

Stiglitz, J. E. (2000). Capital market liberalization, economic growth, and instability. World Development, 28(6), 1075–1086. https://doi.org/10.1016/S0305-750X(00)00006-1

Tran, Q. V. (2023). Hội nhập kinh tế quốc tế của Việt Nam giai đoạn 2011 - 2022: Nhìn từ quá trình triển khai đổi mới tư duy của Đảng. Tạp chí Cộng sản. https://tapchicongsan.org.vn/web/guest/nghien-cu/-/2018/827613/hoi-nhap-kinh-te-quoc-te-cua-viet-nam-giai-doan-2011—2022–nhin-tu-qua-trinh-trien-khai-doi-moi-tu-duy-cua-dang.aspx

Tổng cục Thống kê. (2024). Xuất, nhập khẩu năm 2023 nỗ lực phục hồi, tạo đà bứt phá cho năm 2024. https://www.gso.gov.vn/du-lieu-va-so-lieu-thong-ke/2024/01/xuat-nhap-khau-nam-2023-no-luc-phuc-hoi-tao-da-but-pha-cho-nam-2024/

Wacziarg, R., & Welch, K. H. (2008). Trade liberalization and growth: New evidence. The World Bank Economic Review, 22(2), 187–231. https://doi.org/10.1093/wber/lhn007

Wang, Z., & Sun, Z. (2021). From globalization to regionalization: The United States, China, and the post-COVID-19 world economic order. Journal of Chinese Political Science, 26(1), 69–87. https://doi.org/10.1007/s11366-020-09706-3