Competitiveness of Vietnam’s economy after WTO accession

Authors

  • Irina Nikolaevna Platonova Moscow State Institute of International Relations (University) MFA Russia
  • Tran Hai Nga Pham Moscow State Institute of International Relations (University) MFA Russia

Keywords:

Vietnam, economy, WTO accession, competitiveness, provincial competitiveness index, the global competitiveness index

Abstract

The article considers the changes in the Vietnamese economy affecting the competitiveness of Vietnam after the accession to the world trade organization (WTO). As a result of foreign trade liberalization, its significant dependence on exports to developed and developing countries
intensified. It is shown that such dependence can have negative effects under conditions of deepening global financial crisis. The main indicators of competitiveness of Vietnamese provinces and their impact on the international competitiveness of the country are analyzed. Features of the global competitiveness of the economy of Vietnam in the period 2006-2015 are revealed. Special attention is paid to identifying those issues that still need to be addressed in order to improve the competitiveness of Vietnam.

Author Biographies

Irina Nikolaevna Platonova, Moscow State Institute of International Relations (University) MFA Russia

Doctor of Economic Sciences, Professor
Place of work, post: Moscow State Institute of International Relations (University) MFA Russia, Department of International Economic Relations and Foreign Relations, Head of the Department

Tran Hai Nga Pham, Moscow State Institute of International Relations (University) MFA Russia

Place of work, post: Moscow State Institute of International Relations (University) MFA Russia, Department of International Economic Relations and Foreign Relations, Postgraduate student

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Published

2024-02-08

How to Cite

Platonova, I. N., & Pham, T. H. N. (2024). Competitiveness of Vietnam’s economy after WTO accession. Russian Foreign Economic Journal, (12), 43–54. Retrieved from https://journal.vavt.ru/rfej/article/view/875

Issue

No. 12 (2015)

Section

World economy