FACTORS AFFECTING ECONOMIC DEVELOPMENT POLICIES IN NEW RURAL CONSTRUCTION: A REGULATORY IMPLICATION

Abstract

Economic development in new rural construction is necessary to improve agricultural communities’ quality of life and income while enhancing rural sustainability (Wang, 2022). This study aims to find the factors influencing the economic development policies in new rural construction in Vietnam, thereby discussing several aspects that contribute to improving the implementation efficiency of economic development policies in new rural construction. The methods used included descriptive statistical data analysis, exploratory factor analysis, and structural regression analysis. The analytical data were collected through a survey of 544 citizens in the Mekong Delta region of Vietnam. SPSS_20 and AMOS_24 software were used for data analysis, scale estimation, and hypothesis testing. The study results show that there are six factors influencing the economic development policies in new rural construction, including 1) infrastructure; 2) innovating agricultural production; 3) financial support policy; 4) labor market and employment policies; 5) diversified economic development; 6) local policies and management of local governments. The results of this study can help administrators understand and implement economic development policies in new rural construction (Wu et al., 2023). We can refer to this study to conduct further studies that require a large number of survey subjects in large areas.