Vietnams Economic Growth Influenced by Export-Oriented Economy

With the development of economic globalization and regional economic clustering, foreign trade and foreign direct investment have become important economic activities to strengthen international economic exchanges and strengthen international division of labor. This paper makes an empirical analysis of Vietnams foreign trade, foreign direct investment, and economic growth. The results show that in the long run, there is a cointegration relationship between GDP, foreign trade, and foreign direct investment, and there is long-term stability between them. The equilibrium relationship between foreign trade and foreign direct investment has a significant impact on GDP. There is no interaction between foreign trade and foreign direct investment, as well as foreign direct investment is the Granger cause of GDP growth.