Knots Prevent the Development of Economy: A Case Study from Vietnam

Abstract

Although GDP of Vietnam well grew during the past ten years. However, the economoy of Vietnam is now facing two difficult challenges are known as two knots which are institution and transportation infrastructure. This paper analysizes these two knots by quantitative method using multivariable linear regression (MLR). The study objectives elaborate is to assess impact of institution and infrastructure on economy development, a case study from Vietnam, based on the result author then has implications to competence authorities for improvement of the situation. The highlight findings are five variables of infrastructure include Road length, Airport connection to world, Rail length, Fixed broadband subscriptions and Fixed telephone subscriptions impact on economy. And four variables of institution consists of Voice and accountability of people and government, Policy quality and policy implementation, Rules and law compliance and Corruption control impact on economy.