Assessing the Impact of Foreign Direct Investment and Labor Force on Vietnam’s Economic Growth: A Vector Error Correction Model Approach

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Economic growth in Vietnam is significantly influenced by the labor force and gross fixed capital formation.
In the long run, FDI has a limited positive impact on GDP per worker, while trade negatively affects growth.
The study employs a vector error correction model from 2000 to 2023 to analyze these relationships.
Policy recommendations include enhancing labor skills and focusing on infrastructure to support sustainable growth.

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Analysis shows labor force and gross fixed capital formation boost GDP per worker in Vietnam, suggesting new policies.

Khanh Pham (2025) studied this question.

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