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https://doi.org/10.62836/emi.v3i3.210
Nguyen, L. H. D., & Liu, J. (2024). Research on the Rapid Development of China’s Industrial Economy and Its Enlightenment to Vietnam. Economics & Management Information, 3(3), 1–9. https://doi.org/10.62836/emi.v3i3.210
Volume 3, Issue 3, September 2024
Copyright (c) 2024 Nguyen Le Hai Dang, Junyan Liu
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This work is licensed under a Creative Commons Attribution 4.0 International License.

Research on the Rapid Development of China's Industrial Economy and Its Enlightenment to Vietnam

In recent years, facing profound adjustments in the global economy, China has clearly formulated and implemented strategies for the development of its industrial economy. These strategies include strengthening infrastructure, enhancing workforce quality, and expanding both domestic and international markets, effectively spurring rapid growth in the industrial sector. Despite significant achievements, China's industrial sector still faces challenges such as environmental pollution, limited innovative capacity in key technological areas, insufficient investment in basic research, and inadequate development of international markets. Drawing from China's experiences, it is suggested that Vietnam adopt similar strategies to modernize and internationalize its own industrial economy. This approach could accelerate Vietnam's industrial progress and boost its global competitiveness. However, Vietnam should adapt these strategies to its own unique context, emphasizing innovation-driven growth, high-value industries, and digital infrastructure development. By balancing state-driven industrial growth with private sector innovation, Vietnam can establish a resilient and competitive industrial base for long-term success.

China; industrial economy; Vietnam; development strategy; policy learning

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Supporting Agencies

  1. Funding: This research received no specific grant from any funding agency in the public, commercial, or not-for-profit sectors.