Abstract
Foreign direct investment and international trade are considered important factors driving a country’s economic growth. Using annual time series data from 1988 to 2024, this paper examines the causality relationship between foreign direct investment (FDI), international trade and economic growth in Vietnam. In the vector error correlation model (VECM), the integration and cointegration analysis suggested that there is a relationship among the factors. The results of VECM causality tests find the bidirectional causality between FDI and economic growth as well as the unidirectional causality from FDI and imports to export, and the one-way connection between economic growth and international trade. The paper concludes that FDI invested in Vietnam was attracted by its economic development. Moreover, FDI is an important factor that enhances economic growth and trade in Vietnam.
Keywords: FDI, export, import, economic growth, Granger causality and Vietnam.
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
