Economy - Society in the Southeast Region of Vietnam: Some Solutions to Promote Sustainable Development

Abstract

The Southeast area is located in the Southern key economic region of Vietnam, in which Ho Chi Minh City is the locomotive of economic development of the country. The economic value of this Southeast region accounts for one-third of the country's GDP, contributes 44.7% of the country's budget revenue, and is also the largest FDI attraction in the country (41.5% of the total projects). However, this region is tending to decrease its growth rate compared to the whole country, especially during and after the Covid epidemic period, which reduces the total budget revenue. The labor productivity rate is not commensurate with the potential of the region. Socioeconomic development has not been similar between localities and is not sustainable. This research focuses on generalizing advantages, existence and causes of limitations of this region. Thereby, a number of solutions are proposed to promote the sustainable development of this region in the future.