Sustainable Economic Growth in Vietnam: Exploring Resilience, Global Integration, and Innovation in a Changing Landscape

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Erkan Duzgun, Ozgul Duzgun, Nguyen Ngoc-Duy Phuong, Nguyen Nhu Ty

Abstract

This article reviews the economic trajectory of Vietnam in light of sustainability, innovation, and global integration. In this context, a survey of 279 company managers from 120 small, medium, and large enterprises in Vietnam has been used to analyze some of the key variables that influence the economic landscape. The survey was done on the Google Forms platform, including companies from both the local and international levels. Our study sheds light on the important functions of innovation and global integration with regard to promoting sustainable development. We investigate the influence of FDI and international trade agreements on the economy of Vietnam by identifying such factors as resource management and competitive compliance. The findings show large obstacles and opportunities for improvement in innovation and sustainability. These include building full policy frameworks, incentives in innovative practices, and strengthening global integration. The findings from this research contribute to informed understanding and position implications that may be useful for academics, policymakers, and business leaders in how Vietnam can address its economic challenges while furthering sustainability and innovation.

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