Critical Policies Affecting Economic Development in Vietnam

Economic development is an activity aimed at the country's economic growth and is always required in association with a rational, progressive, and social economic structure.Economic development is a significant and necessary factor in the current period.Thus, this article aims to identify the key policy factors affecting economic development and proposed policy recommendations in Vietnam.The primary data is collected through focus group discussions and surveys of 550 experts in the economic field to clarify the impact of the policy on economic operations in Vietnam.The article applied the qualitative and quantitative methods using structural equation modeling (SEM) and SPSS 20.0, Amos software.The article finds five factors affecting Vietnam's economic development with a significance level of 0.01, and five hypotheses are accepted.The article's novelty is determining the tax policy factor that most substantially impacts economic development.Finally, the article's value proposes vital policy recommendations for Vietnam's economic development in the following years.