Impact of different factors on Vietnam's trade balance

Abstract

International trade activities have contributed significantly to Vietnam's growth and development in recent years. Following the trend of deep integration into the world economy and through the signing and enforcement of the Free Trade Agreement (FTA), opportunities for Vietnam integrates further to enhance its position in the process of international integration, taking advantage of the advantages of economic integration. However, Vietnam has faced an increasing and widening trade deficit year by year. If the trade deficit situation continues to soar and if there is no sign of improvement in the long term, it will become the main cause of macroeconomic instability. Therefore, this study aims to find out the cause and recommends remedial solutions for Vietnam in the coming time to achieve sustainable development results, creating conditions for sustainable economic development in 2020 and the following years.