Economy: Solutions for escaping depression and towards a sustainable development

Abstract

This study aims to identify and evaluate the reason for the decline of Vietnam’s economic growth in the period 2011 - 2014. The results indicate that, in addition to endogenous problems of the growth model, obsolete technology and low productivity are the main factors causing the decline. The study also offers some suggestions for Vietnam to get out of the economicdepression and reach a sustainable development.