Vietnam’s Economy and the Balance of Payment: An Empirical Analysis of Macroeconomic Factors, 2008 - 2023

Phuong T. Nguyen, My-Hanh Duong (), H.-Anh Nguyen and Hien T. Nguyen
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Phuong T. Nguyen: Vietnam National University, International School
My-Hanh Duong: CY Tech
H.-Anh Nguyen: Vietnam National University, International School
Hien T. Nguyen: Vietnam National University, International School

A chapter in Proceedings of the International Conference on Emerging Challenges: Business Dynamics in Disruptive Economy (ICECH 2025), 2026, pp 61-81 from Springer

Abstract: Abstract Research purpose: This study investigates the influence of economic factors on Vietnam’s Balance of Payments (BOP) from 2008 to 2023. The economic indicators in the study include interest rates, trade balance, foreign direct investment (FDI), and consumer price index (CPI), which are used to determine the extent to which they affect the fluctuations of the BOP. Research motivation: This study is driven by economic changes and challenges from external shocks as Vietnam becomes increasingly deeply integrated into the global economy. Investigating the relationship between macroeconomic factors and the balance of payments helps provide a basis for policymakers to develop appropriate macroeconomic management measures, contributing to the stability of the balance of payments and sustainable economic development. Research design, approach, and method: We applied various statistical tools and techniques to examine the relationship between interest rates, trade balance, foreign direct investment, consumer price index and the balance of payments (BOP), followed by building and running a regression model using STATA software to test the model’s suitability and analyze the results. Main findings: The findings show that the model is statistically significant (F-statistic value = 8.51; p-value

Keywords: Balance of Payment (BOP); Balance of Trade (BOT); FDI; CPI; Interest Rates (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-622-7_5

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DOI: 10.2991/978-94-6239-622-7_5

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