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Challenges for Vietnam in the Globalization Era

Author

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  • Nguyen Dong Phong

    (University of Economics, Ho Chi Minh City, Vietnam)

  • Ho Viet Tien

    (University of Economics, Ho Chi Minh City, Vietnam)

  • Vo Xuan Vinh

    (University of Economics, Ho Chi Minh City, Vietnam)

Abstract

Emerging and developing countries around the world are playing an increasingly important role in the global economy. They move up in the global value chain very quickly. However, these countries constantly facing a plethora of challenges covering a wide range of issues. This paper addresses some key challenges confronting Vietnam economy which potentially deteriorate its economic growth prospects. These include economic slowdown, credit booming, the rise of protectionism around the world, and risk from greater opening of the domestic markets. Addressing these challenges are important for Vietnam to maintain its comparative advantage and foundation for economic growth.

Suggested Citation

  • Nguyen Dong Phong & Ho Viet Tien & Vo Xuan Vinh, 2018. "Challenges for Vietnam in the Globalization Era," Asian Journal of Law and Economics, De Gruyter, vol. 9(1), pages 1-3, April.
    • Handle: RePEc:bpj:ajlecn:v:9:y:2018:i:1:p:3:n:5
    DOI: 10.1515/ajle-2018-0002
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    References listed on IDEAS

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    2. Duy Khanh Pham & Vu Minh Ngo & Huan Huu Nguyen & Toan Linh Vu Le, 2021. "Financial crisis and diversification strategies: the impact on bank risk and performance," Economics and Business Letters, Oviedo University Press, vol. 10(3), pages 249-261.
    3. Vo, Xuan Vinh & Nguyen, Thi Lam Anh & Tuan, Le Quoc & Luu, Hiep Ngoc & Vu, Kieu Trang, 2020. "Local business environment, domestic CEOs and firm performance in a transitional economy: Empirical evidence from Vietnam," Economic Analysis and Policy, Elsevier, vol. 66(C), pages 236-249.
    4. Nong, Duy, 2018. "General equilibrium economy-wide impacts of the increased energy taxes in Vietnam," Energy Policy, Elsevier, vol. 123(C), pages 471-481.
    5. Altanshagai Batmunkh & Agus Dwi Nugroho & Maria Fekete-Farkas & Zoltan Lakner, 2022. "Global Challenges and Responses: Agriculture, Economic Globalization, and Environmental Sustainability in Central Asia," Sustainability, MDPI, vol. 14(4), pages 1-21, February.
    6. Agus Dwi Nugroho & Zoltan Lakner, 2022. "Impact of economic globalisation on agriculture in developing countries: A review," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(5), pages 180-188.
    7. Thi Hien Nguyen, 2020. "Impact of Bank Capital Adequacy on Bank Profitability under Basel II Accord: Evidence from Vietnam," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 45(1), pages 31-46, March.
    8. Xuan Vinh Vo, Thi Tuan Anh Tran and Van Thang Nguyen, 2020. "Investigating the Economic Relationship between Provinces in Vietnam:A Spatial Regression Approach," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 45(1), pages 47-60, March.
    9. Quang Dung Truong, Hai Quang Nguyen and Dang Khoa Tran, 2020. "Elasticity of Market Demand between Modes of Transport in Vietnam by Price and Income," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 45(1), pages 83-96, March.
    10. Huong, Pham Thu, 2022. "Foreign bank penetration in Vietnam following Vietnam’s accession to the WTO: matching expectations with reality," OSF Preprints fkhbt, Center for Open Science.
    11. Dung Phuong Hoang and Thong Huy Vu, 2020. "Debit Card Usage as a Rational Choice: The Moderating Effect of Cash Habit," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 45(1), pages 159-183, March.
    12. Le Ha Thi Thu, 2020. "The Impact of Auditor Specialization and Banks’ Listing Status on Earnings Management in Vietnamese Commercial Banks," Asian Journal of Law and Economics, De Gruyter, vol. 11(1), pages 1-16, April.

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