Vietnam‟s position in ASEAN economic community (AEC) through the analysis of global competitiveness index (GCI)

Abstract

The Global Competitiveness Index (GCI) is a reliable basis to evaluate the level and competency of innovation and development of economies. The objective of this research is to analyze Vietnam’s GCI in comparison with the countries in ASEAN Economic Community (AEC) in order to “locate” the economic position of Vietnam in the region. The result of the research shows that (i) There is an equivalence relation between the GCI and economic position of Vietnam in AEC; (ii) The limitations of Vietnam GCI are just the causes of the limitations and laggings in the current economy of Vietnam; (iii) The breakthrough for the development of Vietnam economy, shortening the economic gap of Vietnam among the countries in AEC, is necessary to have solutions to improve the competitiveness of economy.