VNUHCM Journal of

Economics, Business and Law

An official journal of Viet Nam National University Ho Chi Minh City, Viet Nam

ISSN: 2588-1051
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The relationship retail trade and economic growth in Ho Chi Minh City

Lien Phuong Hoang 1, *

  1. Ho Chi Minh City University of Culture
Correspondence to: Lien Phuong Hoang, Ho Chi Minh City University of Culture. Email: [email protected].
Volume & Issue: Vol. 1 No. Q5 (2017) | Page No.: 44-51 | DOI: 10.32508/stdjelm.v1iQ5.489
Published: 2018-11-27

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Copyright © 2018 by the author(s).

Copyright The Author(s) 2018. This article is published with open access by Vietnam National University, Ho Chi Minh city, Vietnam. This article is distributed under the terms of the Creative Commons Attribution License (CC-BY 4.0) which permits any use, distribution, and reproduction in any medium, provided the original author(s) and the source are credited. 

Abstract

This study analyzes the relationship between retail trade and economic growth in Ho Chi Minh City. The research employed Vector Error Correction Model (VECM) method for the time series data collected from the period 1995 – 2015. The result shows that retail sales enhances economic growth and changes in growth has a positive impact on retail trade in Ho Chí Minh City. That not only confirms Keynes's Keynesian Growth Theory, but also evaluates the importance of retail trade in the economy of Ho Chi Minh City.

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