Threats to the Sustainable Development of the Vietnamese Economy: Predictive Assessment

Abstract

The presented study analyzes the development of the Vietnamese economy and difficulties in the implementation of the five-year plan in 2016–2020, the major directions, objectives, and problems of which were discussed at the 12th National Congress of the Communist Party of Vietnam.

Aim. The study aims to identify the trends, threats, and risks of the Vietnamese economy in the context of global instability.

Tasks. The authors identify opportunities to continue implementing major structural innovations and expanding Vietnam’s integrational cooperation with the developed countries.

Methods. This study uses general scientific methods of cognition, expert assessment, and predictive assessment of development of individual countries.

Results. The study shows that in 2016–2018 there were difficulties in economic development, examines internal and external threats and Vietnam’s participation in Russia’s policy of reorientation towards the East.

Conclusions. A sustainable economy facilitates the development of Vietnam’s trade with the countries of the American continent, Europe, North and Southeast Asia. Trade grows by 3–5% annually. Vietnam’s development is hindered by external threats from China and the United States.