Foreign Trade, FDI And Economic Growth Empirical Research Of Vietnam

With the development of economic globalization, foreign trade,foreign directinvestment and economic growth is increasingly subject to the majority of the hotissues of concern to academics and government departments, particularly therelationship between foreign trade, foreign direct investment and economic growthhas become the current cutting-edge issues of academic research. With economicglobalization and regional economic clusters of development, foreign trade andforeign direct investment has become a strengthening international economicexchanges and strengthen an important economic activity in the internationaldivision of labor. Therefore, the inflow of foreign direct investment and foreign tradeis constantly expanding, to accelerate national, regional economic growth has playedan important impact. Developing countries often actively develop export-orientedeconomy, the expansion of foreign trade, foreign direct investment and the resultingcan effectively promote economic growth and capital flows, countries,make up theshortage of domestic funds, foreign investment management experience in bringingnew technologies.Reform and opening up of Vietnam in1986, the government actively integrateinto the world economic and deployed to meet the trend of economic globalization,since the reform and opening up, the country is committed to the development offoreign trade and attract foreign investment increasing, actively promote theexport-oriented economy model. After decades of efforts, at present. Vietnam hasbecome Asia’s most dominant destination for foreign direct investment, investmentin the country is becoming richer, the investment industry is increasingly diverse.Therefore, the study of the relationship between foreign trade, foreign directinvestment and economic growth, and is conducive to positive interaction openingup and economic growth in the new situation has important theoretical and practicalsignificanceUnder different economic conditions, promoting foreign trade and foreigndirect investment on economic growth are different. This paper describes the systemof Vietnam’s foreign trade, foreign direct investment and economic growth situationand study the problems in question, the relevant literature on the basis of foreigntrade, foreign direct investment and economic growth in the commentary on the introduction of Vietnam’s foreign trade,development status of foreign directinvestment and economic growth, using1991~2012time series data analysis ofVietnam’s foreign trade, foreign direct investment and economic effects, the use oftheretical analysis and empirical research, build econometric model approach. Basedon documents and test, co-integration test and Granger causality test for Vietnam’sforeign trade, foreign direct investment data and economic growth empirical analysishas theoretical and practical significance. The empirical results show a positivecorrelation between Vietnam’s foreign trade, foreign direct investment and economicgrowth; foreign trade foreign direct investment in Vietnam’s economic growth has asignificant role in promoting. Finally, according to the results of the empiricalanalysis based on relevant, make recommendations and measures to improve theutilization of foreign direct investment and promote economic growth in Vietnam’sforeign trade development strategies.