Macroeconomics and development of seaport. Case of Vietnam
https://doi.org/10.26794/2308-944X-2020-8-2-19-25
Abstract
Seaport industry plays an important role in local and national economic development. The development of the seaport industry creates a competitive advantage, promotes international trade and speeds up the integration process of nations, especially in developing countries. Many studies have noted the importance of seaports to economic development. Economic development is also one of the crucial factors in seaport development. Economic growth will promote domestic production and improve investment efficiency. The development of import and export activities directly affects the supply of goods and the scale of operations of seaports; the increasing in industrial-agricultural output will increase the volume of goods, thereby promoting the seaport industry. This research analyses the relationship between economic growth, export-import operations, industry & agriculture to cargo through ports based on statistical data for the period 2000–2019. This study selects the case of Vietnam, a developing economy with a long coastline along with the country, and its shipping capacity ranked 4th in the ASEAN region.
About the Authors
Thi Hong Van Pham
Vietnam Maritime University
Viet Nam
Viet Nam
Thi Mai Thom Do
Vietnam Maritime University
Viet Nam
Viet Nam
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Review
For citations:
Pham T.H., Do T.M. Macroeconomics and development of seaport. Case of Vietnam. Review of Business and Economics Studies. 2020;8(2):19-25. https://doi.org/10.26794/2308-944X-2020-8-2-19-25
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