THE QUALITY OF ECONOMIC GROWTH OF VIET NAM ác giả Mai Văn Xuân n n u ; xuanmv@hce edu vn óm tắt các g i c c t g t g t g i t c c i g i c c g c t g i các t i g t t t g ii i ả g g c iii g c c t i c i i ả[.]
THE QUALITY OF ECONOMIC GROWTH OF VIET NAM ác giả: Mai Văn Xuân n n u ; xuanmv@hce.edu.vn óm tắt: g i c c t gt g g i c c gc t g i ii i ả g g c iii ả m it g g i c c c t t g c c i m g t g Si g c có gt g i c c g g i c ác t : i m i c i ti c g i t k óa: ăn ăn u n kn a n t g i t t g cc t gc t g g Non IT) – c S t , g g c c i t c m gc c t c gc i n tăn ukn n kn ăn n c :i g i i t c i m t ả g 6% c c gt gt ảc c i t t t i tt c mc g i m gc t i S g i c t i ăn u n ân n an V n n n IT Abstract: So far, research on the quality of economic growth is still limited Most of the studies have illustrated that key determinants for the quality of economic growth include: i) TFP; ii) Efficiency of resource use; iii) Competitiveness; iv) Social welfare; and v) Environment and sustainable development This study has found that the quality of economic growth of Viet Nam is very low The economic growth based on the quantily factors (labor and Non IT capital), account for 85%, while the TFP and IT capital occupy only 15%; labor productivity is low, around 6% as compared to that of Singapore; ICOR is high and increasing overtime; economic structure is slowly changing and competitiveness is low The study suggests policy implications to improve the quality of Viet Nam economic growth such as issues of public spending, stateowned economic sector and improving the efficiency of investment Key words: Economic growth; The quality of economic growth; Total factor productivity (TFP); ICOR; Labor productivity; Economic structure; Competitive capacity; IT capital, Non IT capital