The role of international trade policy in boosting economic growth in Vietnam
Dr. Nguyen Hoang Tien, Dr. Dinh Ba Hung Anh
International trade policy is a part of the State's socio-economic policy including a system of appropriate principles, tools and measures that the state applies to regulating national trade activities of a country in a certain period of time in order to achieve its intended objectives in its socio-economic development strategy. International trade policy has a strong impact on the process of reproduction, economic restructuring of the country, the scale and the mode of participation of each country in the international division of labor and international trade. There is also a great role in fully exploiting the comparative advantage of the domestic economy, developing production and service sectors to the optimal scale, accelerating economic growth and improving efficiency and strengthening the results of economic activities. This paper presents key measures of international trade policy and highlights the role of international trade in businesses as well as in the Vietnamese economy. Besides, there are some proposals to promote international economic development in accordance with international trade standards and to promote Vietnam’s advantages.