Developing Vietnamese Individual Economy in the Context of International Economic Integration: Research at Vinh Phuc Province

https://doi.org/10.5296/jad.v7i1.18352

Abstract

Economic restructuring has been one of the urgent requirements for the Vietnamese economy, especially in the context of the expanding the economy in the industrial revolution 4.0. The growth effects are intensifying and the growth rate seems to slow down. The individual economy is considered to be one of the important drivers for economic growth in Vietnam in the upcoming years. As the region with the largest proportion in the economy, about 40% of GDP (Thanh Binh, 2018), the achievement of economic restructuring goals in the direction of industry restructuring, agriculture developing of worms processing, refined processing of agriculture, forestry, fisheries, manufacturing; increasing the internal productivity of the industry, increasing the technology content and the proportion of domestic value in the product, etc. This article focuses on analyzing the situation of individual economy development in Vinh Phuc province, Vietnam, pointing out the achievements, limitations, causes and some recommendations to promote individual economy development in Vinh Phuc province, Vietnam in the context of world economic integration.