Some Comparisons between the Vietnam and China’s Economic Structure, Policy Implications

To TrungThanh, Nguyen Viet Phong and Trinh Bui

Advances in Management and Applied Economics, 2016, vol. 6, issue 3, 8

Abstract: In recent years, the China's economy does not afford to gain the growth that depends on capital and the export is not their expectation. The Chinese policy makers may have an orientation for the change of economics growth model from short term to long term. This means that they do not focus strongly on GDP indicator but focus on the investment efficiency, especially the saving indicator. For doing this, they can reduce domestic investment and promote the outward investment to other countries which have cheaper labor costs and many incentive FDI policies. When these companies do business abroad, they will transfer profits back to China that make an increase in property income and create an increase in economics savings. By comparing two economy structures and some macro economic indicators, this paper tried to give some recommendations to policy makers that we should experience the China situation for Vietnam ourself.

Date: 2016
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