Volume 11 - Volume 11
Improving GDP Percapital in Vietnam Via Econometric Model and Regression
According to Resolution No. 16/2021/QH15 on the Government's 5-year socio-economic development plan 2021-2025, Vietnam strives for GDP per capita by 2025 to reach about 4,700-5,000 USD. By 2030, Vietnam aims to become a developing country with modern industry, high middle income, GDP per capita of about 7,500 USD, people with high quality of life. Along with that, by 2045, Vietnam aims to become a developed and high-income country.
Our study purpose is to figure out impacts of 6 macro variables on GDP per capita (depending variable) in Vietanm during 2010-2021. Methodology: authors use both qualitative analysis (synthesis, analytical, explaining methods) and OLS regression model with EView. Our study results show that: CPI, G, FDI percent GDP have negative corr with GDP per capita, so we suggest reduce CPI and FDI percent GDP to increase GDP per capita. Moreover, VNIndex and exchange rate have positive corr with GDP per capita, so we suggest that: increase VNIndex and exchange rate little to increase GDP per capita.
Author's Name: Prof. Phan Huy Duong; Tha To Hien; Hai Nguyen Thi
Volume: Volume 11
Issues: Volume 11
Keywords: GDP Per Capita, Econometric Model, Regression, Macro Factors