Development of Vietnamese Foreign Trade in the New Architectonics of Global Economic Relations in the 21st Century

Developing foreign economic relations between countries becomes crucial amid global competition. Unlike other countries suffering from global political and economic crises, Vietnam actively participates in the development of foreign trade relations and has maintained positive economic growth over the entire 30-year period of transformation. Aim. This study aims to analyze the successful practice of implementing the Doi Moi model in Vietnam, which has ensured sustainable growth of foreign trade. Tasks. This study examines the dynamics of the growth of Vietnamese foreign trade, determines the specific manner in which Vietnam trades with various countries and regions, and identifies the advantages and drawbacks of the Vietnamese economy. Results. Development issues pertaining to Vietnamese foreign trade are analyzed in the context of bilateral relations and participation in free economic zones. The advantages and drawbacks of Vietnam are compared with those of the members of the Trans-Pacific Partnership (TPP). It is substantiated that the application of the Doi Moi model helped maintain positive growth in the economy and trade. However, it is found that amid global economic threats, the Vietnamese economy, which is integrated into the world economy to a large extent, enters a more difficult stage of development. Therefore, there is a need for non-standard solutions and measures to ensure stability and growth.

Vietnam, trade, export, import, major trade partners, Free Trade Zones, Trans-Pacific Partnership, Doi Moi model, Вьетнам, торговля, экспорт, импорт, главные торговые партнеры, зоны свободной торговли, Транстихоокеанское партнерство, модель «Doi Moi»

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