Exploring the relationship between trade openness and economic growth in Vietnam

This study examines the relationship between trade openness and economic growth in Vietnam from 2014 to 2023. The analysis shows that both Vietnam’s trade openness and gross domestic product (GDP) followed a steady upward trend throughout the period. Moreover, the results indicate a positive linear correlation between the two variables, suggesting that increased trade openness has contributed to Vietnam’s economic expansion. Based on these findings, the study proposes several policy recommendations aimed at maximizing the benefits of trade openness to further promote sustainable economic development in Vietnam.