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    Macro Midterm

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    Minh Hoàng
    The document discusses Vietnam's economic development goals from 2021-2025. It notes challenges from weaknesses in the passive economy as well as social and environmental problems that could slow growth. The government is tasked with determining how to stimulate GDP to approximately 7% by 2025 through economic and social development programs. Key factors that can contribute to GDP growth include consumer spending, business investment, infrastructure investment, developing human capital through education and innovation, supporting small and medium businesses, and developing renewable energy.

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    Macro Midterm

    Uploaded by

    Minh Hoàng
    35 views2 pages
    The document discusses Vietnam's economic development goals from 2021-2025. It notes challenges from weaknesses in the passive economy as well as social and environmental problems that could slow growth. The government is tasked with determining how to stimulate GDP to approximately 7% by 2025 through economic and social development programs. Key factors that can contribute to GDP growth include consumer spending, business investment, infrastructure investment, developing human capital through education and innovation, supporting small and medium businesses, and developing renewable energy.

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    Macro-midterm

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    The document discusses Vietnam's economic development goals from 2021-2025. It notes challenges from weaknesses in the passive economy as well as social and environmental problems that could slow growth. The government is tasked with determining how to stimulate GDP to approximately 7% by 2025 through economic and social development programs. Key factors that can contribute to GDP growth include consumer spending, business investment, infrastructure investment, developing human capital through education and innovation, supporting small and medium businesses, and developing renewable energy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views2 pages

    Macro Midterm

    Uploaded by

    Minh Hoàng
    The document discusses Vietnam's economic development goals from 2021-2025. It notes challenges from weaknesses in the passive economy as well as social and environmental problems that could slow growth. The government is tasked with determining how to stimulate GDP to approximately 7% by 2025 through economic and social development programs. Key factors that can contribute to GDP growth include consumer spending, business investment, infrastructure investment, developing human capital through education and innovation, supporting small and medium businesses, and developing renewable energy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Nowadays, the problem of developing the economy is a goal for every nation especially in

    the 4.0 industry. Due to the covid-19 and climate change, the world’s economy continuously
    to has complicated movements. For example, competitive strategy, competitive commercial,
    dominating resources, markets and high-quality human resources. Therefore, the growth of
    world’s economy would become slower than previous periods.
    About Viet Nam, from 2021 to 2025 will certainly have to face with myriad of arduousness
    that come from the weakness of passive economy come along with social and environmental
    problems. Those factors produce tremendous pressure on economy and society such as
    wealth gap, population aging, disasters, diseases, climate change, etc.
    In the midst of that panorama, the government requires ministries, central bodies and local
    government to research, determine the basic problems of economic and social development
    program in five years period. In particular, the fundamental target is stimulating GDP* to
    approximately 7% in 2025.
    Gross domestic product (GDP) is the total monetary or market value of all the finished goods
    and services produced within a country’s borders in a specific period of time. As a broad
    measure of overall domestic production, it functions as a comprehensive of a given country’s
    economic health.

    What do we need to stimulate GDP?


    Economic growth is measured by an increase in GDP. Many forces contribute to economic
    growth. However, there is no single factor that consistently spurs the perfect or ideal amount
    of growth needed for an economy. Unfortunately, recessions are a fact of life and can be
    caused by exogenous factors such as geopolitical and geo-financial events.
    Politicians, world leaders, and economists have widely debated the ideal growth rate and how
    to achieve it. It's important to study how an economy grows, meaning what or who are the
    participants that make an economy move forward.
     Economic growth is driven oftentimes by consumer spending and business
    investment.
     Tax cuts and rebates are used to return money to consumers and boost spending.
     Deregulation relaxes the rules imposed on businesses and have been credited with
    creating growth but can lead to excessive risk-taking.
     Infrastructure spending is designed to create construction jobs and increase
    productivity by enabling businesses to operate more efficiently.

    Viet Nam in particular


     Using infrastructure to spur economic growth such as transportation, energy, bay
    collective economy, individual economy.
     Develop the quality and utilize human resource effectively with innovation
     Deregulation relaxes the rules imposed on businesses and have been credited with
    creating growth but can lead to excessive risk-taking.
     A continued focus on small and medium-enterprises and the informal sector.
     Exploring renewable energy for less carbon-intensive growth

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