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The Role of Education Reform in the Great Economic Development of Vietnam
- 1 Shenzhen Senior High School, Shenzhen, Guangdong, 518000, China
- 2 School of Social Science, University of Western Ontario, London, N6A 3K7, Canada
* Author to whom correspondence should be addressed.
Abstract
Vietnam established an effective education reform in order to improve the economic circumstance and help the country follow the globalization trend. This paper explains that education reform can boost the development of economy in a wide range which can be expressed by increasing labour quality and productivity, long-term economic prosperity, etc. Education also plays an important role in government spending which can lead to the increase in aggregate demand. This paper finds that the expenditure in education has a positive relationship to the economic growth of Vietnam. The paper draws on these findings to argue that the government of Vietnam are supposed to keep injecting funds into the Science, Technology, Engineering and Mathematics (STEM) education. Furthermore, the government has the duty to strengthen partnerships between educational institutions and industries and enhance access to education. These alternative policies can be beneficial to Vietnam in solving the economic problems, so this paper suggests Vietnam to keep investing in education, aiming to further stimulate economic development.
Keywords
education reform, human capital, economic development
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Cite this article
Chen,J.;Zhang,C. (2025). The Role of Education Reform in the Great Economic Development of Vietnam. Advances in Economics, Management and Political Sciences,155,66-71.
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