Based on the Dynamic Computable General Equilibrium (DCGE), the paper aims at calculating and simulating the impacts of cuts in import duty as required by WTO rules on changes in Vietnam's structure of industry in the long term. Simulation results show that labor-intensive industries will have chances to make the best use of their advantages for development while capital-intensive and highly protected industries will encounter difficulties. Sea-farming and aquatic product processing industry with proper care from investors and authorities, can deploy their advantages and are likely to gain the highest growth rate.
The origin of inflation is often pondered in light of monetary policies. Yet in recent years, economists have started studying its origin via fiscal policies, especially budget deficit. This paper is to sum up theoretical paradigms and the application of VAR model with a view to testing the relationship between the fiscal policy, the monetary policy, and inflation in Vietnam. Quantitative analyses indicate that inflation in Vietnam, besides effects of monetary policy, is also impinged by the fiscal policy (i.e. the national budget overspend) within recent years.
"Self-treatment is playing an essential role in providing primary health care services for patients with minor ailments and cost efficiency in developing countries as well as developed countries where many hospitals are operating beyond their capacity and the quality of health care services in state-run hospitals is a great concern. This paper investigates the determinant factors affecting the demand for self-treatment. Specifically, the empirical results have shown a strong evidence to support our theoretical model. This analysis is based on a large nationwide sample of Vietnamese Household Living Standard
Surveys conducted in 2006."
The relation between current account and fiscal policy of Vietnam has been investigated from different perspectives by many economists and policy-makers. For example, some study whether or not there exists a relationship between fiscal policies and current accounts as per the twin deficits hypothesis. When the deficit in current accounts is quite great, the point is whether amendments to the fiscal policy can help deal with external imbalances. Issues related to fiscal and current account deficits contain significant implications for vital long-run policies. If a current account deficit occurs perpetually, it will adversely impinge on national economic health due to the fact that it is related to asset outflow and liabilities burden imposed on next generations. The higher the fiscal deficit, the heavier the liabilities burden. This can be explained that a country, to finance deficits, must borrow foreign loans. Thus, this paper is to investigate the relation between fiscal and current account deficits in Vietnam through conducting the Granger test of the Vector Autoregressive (VAR) Model. In order to explain the relationship between these kinds of deficit, a vector of variables, viz. interest rate (R), exchange rate (E), and GDP (Y) will be taken into account.
During the past ten years, the development of Vietnam's tourism industry has brought about a huge source of foreign exchange for budget income, created jobs for millions of laborers, and stimulated the development of many related industries like transportation, construction, civil aviation, and banking, etc. Tourism also helps tourists know more about a country's history and culture, and its economic potentials. In the past decade, Vietnam's tourism has accomplished many an important achievement, that is, the number of foreign tourists has reached over five million, tourist receipts contribute about 6% of GDP, and many Vietnam's natural sights have been recognized and placed in the top ten of attractive places in the world. Yet, Vietnam's tourism is facing a great deal of challenges hindering its development. Thus, this paper is to investigate achievements and challenges facing the Vietnam's tourism and then proposes six solutions to its sustainable development.
This research is to investigate impacts of privatization on the development of privatized state-owned enterprises (abbreviated as SOEs) as part of the private sector. Such development is measured by the pre- and post-privatization business performance of 63 HCMC-based SOEs, half of which were privatized in 2004. Results pointed out a substantial rise in profit, sale revenue, workforce, laborer's income, and performance of surveyed enterprises. The difference-in-differences (DID) estimator is employed to compare SOEs and privatized ones in terms of their performance in the same period; and findings illuminated that privatized SOEs perform more efficiently. Besides, regression analyses also show that factors affecting the performance include company size, state ownership, and type of business. The research also reaffirms that the governmental decision on privatization is rational, and simultaneously manifests the impact of ownership modes on the business performance. Eventually, the research results can be consulted by business administrators and policy-makers.
Agricultural labor productivity (ALP) is a factor that affects the economic growth, changes in structure of industry and peasants' income. In the past, however, ALP was low and slow to improve. Identifying scientifically effects of ALP and factors influencing ALP is a challenge to researchers and policy makers in Vietnam. This research employs data about the years 1991 – 2009 and regression model to identify nature of these relations. We note that the ALP has a significant and forward effect on economic growth, agricultural development and changes in the structure of industry. Authors also suggest five groups of measures to improve the ALP, namely: (1) encouraging changes in the structure of industry to land yield; (2) increasing the supply of credit to peasants; (3) helping peasants improve their agricultural knowledge; (4) encouraging cooperation in producing and distributing farm products; and (5) developing the infrastructure and non-farming businesses in rural areas.
The paper presents an econometric approach based on time series models AR, MA and ARMA combined with ARCH, GARCH and developed GARCH models to forecast and quantify market risk via VaR measure for market portfolio (VN-Index, thereby offering some technical conclusions about characteristics of the VN-Index and suggestions for investors about a flexible and proactive risk management based on VaR measure for their portfolios