Innovation Vietnam Macroeconomic

Because of the reform and opening up in recent years, Vietnam's economy has gained a rapid progress and people's living standards have greatly improved. Therefore, the world is very optimistic about Vietnam's economic development. In the cooperation with ASEAN countries, Vietnam is one of the most important partners for china.Vietnanm and China not only geographically adjacent, its development path similar to China.Besides that,China and Vietnam are all socialist countries.So,to research Vietnam's reform and macroeconomic operation will help China to implement its economic strategy more efficiently.The main research contents of this paper is Vietnam's economic reform and its macroeconomic situation during 2000 to 2008. In referencing with Keynesian economic theory and following after the research achievements of cholars both from home and abroad,this paper deeply analysed Vietenam's innovations and macroeconomic situations.This paper showed macroeconomic analysis system and selective indicators at first.Then,we generally analysed the macroeconomic situation during 2000 and 2008.For example, employment, economic growth, price levels and so on.On this basis,through an empirical way,we also analysed the economic contribution that was brought by the total demand, aggregate supply and economic factors .The aggregate dimand ismainly start from the consumption, investment and trade, whereas the analysis of the supply sector mainly include agricultural, industrial and services sectors. At last,we concluded that: first from the demand side, the Vietnamese economy is driven by the current consumption at most, followed consumption is investment, and finally export. From the supply side, industrial growth has become the main force to promote the economic growth in Vietnam; tertiary industry has also been rapidly developed since entering the 21st century; addition to industry and tertiary industry, agriculture has also made gratifying achievements. From the side of production factors, capital investment is the most important factor in promoting Vietnam's economic growth since 2000,while labor input has remained relatively stable state, TFP contribution to economic growth has brought more than the contribution of labor. particularly in the world's financial crisis, Vietnam's total factor productivity played a significant role in promoting the economic growth.Secondly, view from the political and economic aspects, the paper analyzed the Vietnam's reform process, innovative experiences and the probability revelations to China.We know that Vietnam's economic and social innovation is still in an exploratory stage, and during the innovation,Vietnam'economy has already appeared some problems and difficulties, but the quality of economic operation did have been greatly improved. Its reform experience is worth learning and thinking for China which economic situation is very similar to Vietnam.Finally, the paper analyzed the relationship between China and Vietnam. Bilateral economic and political relations between the two countries have been seriously treated, and the cooperation is strengthening all the way, especially in regional cooperation. Vietnam's special geographical location has provided a great convenience for China to cooperate with ASEANs. But we can also see that the South China Sea is the biggest obstacle to Sino-Vietnamese relations.At last,from the view of economic, political and cultural,the paper put forward some recommendations to strengthening the bilateral cooperation.