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Impact of different factors on Vietnam's trade balance

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This study aims to find out the cause and recommends remedial solutions for Vietnam in the coming time to achieve sustainable development results, creating conditions for sustainable economic development in 2020 and the following years. | Impact of different factors on Vietnam s trade balance Accounting 6 2020 605 610 Contents lists available at GrowingScience Accounting homepage www.GrowingScience.com ac ac.html Impact of different factors on Vietnam s trade balance Tuan Anh Ngoa Tuan Anh Trana and Anh Thai Ngoa aSchool of Accounting and Auditing National Economics University Vietnam CHRONICLE ABSTRACT Article history International trade activities have contributed significantly to Vietnam s growth and development in Received March 2 2020 recent years. Following the trend of deep integration into the world economy and through the signing Received in revised format March and enforcement of the Free Trade Agreement FTA opportunities for Vietnam integrates further to 20 2020 enhance its position in the process of international integration taking advantage of the advantages of Accepted March 24 2020 Available online economic integration. However Vietnam has faced an increasing and widening trade deficit year by March 24 2020 year. If the trade deficit situation continues to soar and if there is no sign of improvement in the long Keywords term it will become the main cause of macroeconomic instability. Therefore this study aims to find Balance trade out the cause and recommends remedial solutions for Vietnam in the coming time to achieve Vietnam s balance trade sustainable development results creating conditions for sustainable economic development in 2020 FTAs and the following years. 2020 by the authors licensee Growing Science Canada 1. Introduction The trade balance reflects the difference between exports and income to spend on goods imported by a foreign national in a growth stage determination usually 1 year Saiki 2005 . The trade balance reflects in the Current Account. Current Account includes Trade Balance Service balance Income balance and One-way current balance. The basic characteristic of the current account is to reflect income and revenue streams meaning that revenues and expenditures .

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