The factors of economic growth, Vietnam period 1986-2011

Abstract

The growth model based on investment expansion, cheap labor and exploitation of natural resources has been successful previously not proved useful hours more. Restructuring and transformation of growth model to increase productivity, enhance competitiveness and economic efficiency is compelling need for policy makers today. This article contributes to a better understanding of the factors behind the growth of the economy and thus also contributed to the cause of sustainable economic development of the country.