Research group on macroeconomic theory and policy: the condition of economic integration in Vietnam


I. About the research group

- Group name: Macroeconomic theory and policy: the condition of economic integration in Vietnam (Strategic Research Program for Macroeconomics of VNU University of Economics and Business)

- Institute: VNU University of Economics and Business
- Group leader: Dr. Nguyen Duc Thanh
- Group members:
 
No.
Academic title
Full name
 
Institution
1
MSc.
Pham Sy An
Deputy Head of Macroeconomics -
Vietnam Institute of Social Sciences
2
PhD.
Pham The Anh

Deputy Head of Institute for Public Policy and Management, National Economics University

3
Assoc.Prof.Dr.
Tu Thuy Anh

Dean of Faculty off International Economics, Foreign Trade University

4
Fellow
Pham Van Dai

Maritime bank (under progress of completing PhD study in Australia)

5
MSc.
Hoang Xuan Diem
Central Institute for Economics Management
6
PhD.
Laure Pasquier Doumer

French Institute of Research and Development (IRD)

7
PhD.
Le Hong Giang

Director of Foreign Exchange Fund, Tactical Global Management Investment Company, Australia

8
PhD.
Pham Van Ha

Former Deputy Director, Institute of Finance Policy and Strategy - Ministry of Finance

9
PhD.
Nguyen Thi Thu Hang

Deputy Director, Vietnam Center for Economic Research and Policy, VNU - UEB

10
PhD.
Quach Manh Hao
Dean, Faculty of Banking and Finance, VNU-UEB
11
PhD.
Nguyen Thi Minh Hue

Lecturer of Finance -Banking Institute, National Economics University

12
PhD.
Nguyen Quoc Hung

Institute of Developing Economies (IDE), Tokyo, Japan

13
PhD.
Edmund Malensky

Faculty of International Relation and Pacific, California University, US

14
PhD.
Nguyen Thi Minh

Lecturer of Faculty of Economic Mathematics, National Economics University

15
PhD.
Dinh Tuan Minh
Head of Analysis Department, Military Bank
16
PhD.
Xavier Oudin
French Institute of Research and Development
17
PhD
Francois Roubaud
Economic expert of DIAL-IRD program in Vietnam
18
PhD.
Le Kim Sa

Head of Research Department, Center for Analysis and Forecasting Centre - Vietnam Academy of Social Sciences

19
Assoc.Prof.Dr
Nguyen Hong Son
Rector of VNU-UEB
 
20
MSc.
Pham Minh Thai

Centre for Analysis and Forecasting - Vietnam Academy of Social Sciences

21
MSc.
Nguyen Thanh Mai

Deputy Head of Research and International Cooperation - Vietnam Deposit Insurance

22
PhD
Nguyen Duc Thanh

Director of Vietnam Center for Economic Research and Policy Center, VNU-UEB

23
PhD.
To Trung Thanh
Lecturer of Economics Faculty, National Economic University
24
PhD.
Pham Sy Thanh

VEPR’s Chinese Economic Studies Program (VCES),VNU-UEB

25
PhD.
To Minh Thu

Director of Center for Integration and Development - Institute for Foreign Policy and Strategic Studies - Diplomatic Academy of Vietnam

26
PhD.
Dang Ngoc Tu

National financial supervision Commission of the socialist republic of Vietnam

27
PhD.
Tran Thi Thanh Tu

Associate Dean of Faculty of Banking and Finance, VNU-UEB

28
 
Vu Hoang Dat
Centre for Analysis and Forecasting
29
 
Vu Pham Hai Dang
Collaborator, VEPR
30
Fellow
Pham Bao Khanh

Head of Banking Supervision Department, Vietnam Deposit Insurance

31
BSc
Nguyen Thi Thuy Quynh

VNU University of Social Science and Humanities

32
BSc
Ngo Quoc Thai
Researcher at VEPR
33
BSc
Vu Minh Long
Researcher at VEPR
34
PhD.
Nguyen Chi Huu
Lecturer of Statistics Department, National Economics University
 
35
PhD.
Nguyen Duong Binh

Lecturer of Faculty of International Economics, Foreign Trade University

36
PhD
Francois Roubaud
Economic Expert of DIAL-IRD program
37
PhD
Jago Penrose
UNDP Economic Expert
 

- Science Council members:

 
No

Academic title

Full Name

 

Position, Institution

1
PhD.
Nguyen Dinh Cung

Director, Central Institute for Economic Management - Ministry of Planning and Investment

2
PhD.
Le Dang Doanh

Senior Economic Expert, former Director of Central Institute for Economic Management - Ministry of Planning and Investment

3
Prof.Dr
Nguyen Huu Duc
VNU Vice President
4
Prof.Dr
Vu Minh Giang
Former Vice President of VNU
5
MSc.
Pham Van Ha

Australian National University, Former Deputy Director of Institute of Finance Policy and Strategy, Ministry of Finance

6
MSc.
Vu Quoc Huy
Vietnam Academy of Social Sciences
7
MSc.
Tran Viet Ky
 

Chairman of Center for Trading, Consulting and Investment Intervina

8
 
Pham Chi Lan

Former Vice Chairman of Vietnam Chamber of Commerce and Industry in Vietnam

9
Assoc.Prof.Dr.
Le Bo Linh

Vice Chairman of National Assembly Committee for Science, Technology and Environment, member of the Central Theoretical Council

10
Assoc.Prof.Dr.
Vo Dai Luoc

General Director, Vietnam Center for Asia-Pacific Economic of Vietnam Asia Pacific Economic Studies

11
PGS.TS
Phung Xuan Nha
President, VNU
12
PhD
Le Xuan Nghia

Former Vice Chairman, National Financial supervision Commission of the Socialist Republic of Vietnam

13
PhD.
Vu Viet Ngoan

Chairman, National Financial supervision Commission of the Socialist Republic of Vietnam

14
PhD.
Le Hong Nhat

Vietnam National University, Ho Chi Minh

15
Assoc.Prof.Dr
Nguyen Hong Son
Rector, VNU - UEB
16
Prof.Dr
Kenichi Ohno

National Graduate Institute for Policy Studies - GRIPS

17
Prof.Sc.Dr.
Nguyen Quang Thai

Standing Vice Chairman cum General Secretary of Vietnam Economic Association - VEA

18
PhD.
Vo Tri Thanh

Deputy Director, Central Institute for Economic Management

19
Assoc.Prof.Dr.
Tran Dinh Thien

Head of Vietnam Institute of Economics , Vietnam Academy of Social Sciences

20
PhD.
Le Le Thuy

Director, Center for Trading, Consulting and Investment Intervina

21
 
Truong Dinh Tuyen

Former Minister of Commerce and Industry, member of National Council of Currency and Finance Policy

22
PhD.
Dinh Quang Ty

Acting Director, Scientific Secretary of the Central Theoretical Council

23
PhD.
Alex Warren-Rodriguez
Economic expert, UNDP
 

Activity duration: 2008-2013

II. Major research orientation:

Based on 5 years of development experience (2008 - 2013) as a pilot and has achieved some initial successes and drawn some lessons on implementation organization, the Research on “Macroeconomics and macroeconomic policies in the international integration condition of Vietnam” was expanded and redesigned in four major contents, corresponding to four objectives of the program, as follows:

- Research modern macroeconomic theories and analytical tools in Vietnam conditions.

- Research modern macroeconomic problems of Vietnam in international integration context associated with economic structure changes.

- Research macroeconomic policy operating mechanism, solution tools and contents of macroeconomic operation polity in an open economy conditions of Vietnam.

- Training researchers, masters and experts, building and developing strong research groups, establishing modern macroeconomic research network.

III. Research activities in the last 5 years

As mentioned above, overall goal of key research Program “Macroeconomics and macroeconomic policy in international integration condition of Vietnam” is to meet urgent requirements of society - economy development situation of the country. Thus, products of the program derive from specific targets. With 6 specific targets (as defined in Section 5.2), the program has a multiproduct system. In general, these products can be generalized into several groups as follows:

1. Scientific published products
Major published products include:
- Vietnam’s economy annual report
- Monographic books
- Research articles published on national and international reputable journals, particularly in the list of publications ISI, SCI, Scopus
- Periodic reports per month, quarter, semi-annual
- Working Papers system
2. Policy consulting products
Group of Policy consulting products will mainly include:
- Forecasting reports
- Urgent policy consulting reports.
- Regular policy consulting report
3. Training products

Group of training products will mainly include

- 100% Research programs have training courses for PhD and Masters.

- Theory of researchers will be updated.

- Knowledge of researcher about Vietnam macroeconomic situation will be improved

- Short-term training programs to enhance capacity of researchers and lecturers and students.

- Database is research materials collected during the implementation of topics under the Program.

- Number of professors and associate professors who are members of research group increase when they have chance to instruct graduates and fellows.

4. Products of enhancing researching potency and building researching network.

- The research group is comprehensive at macroeconomics and macroeconomic policy under Vietnam National University, Hanoi.

- Network of research institutes and think-tanks regarding domestic, regional and international macroeconomic.

- National/international and regional workshops.

5. Published studies/projects:

- Annual report of Vietnam’s economy in 2009 with the theme “Vietnam’s economy in 2008: Decline and innovation challenges” VNU level, 2009.
- Annual report of Vietnam’s economy in 2010 with the theme “Choices for Sustainable Growth”, VNU level, 2010
- Annual report of Vietnam’s economy in 2011 with the theme “Economy in front of T-junction”, VNU, 2011
- Annual report of Vietnam’s economy in 2012 with the theme “Facing challenges of economic restructure”, VNU, 2012, Excellent Class.
- Annual report of Vietnam’s economy in 2013 with the theme “On the rough road to future”, VNU, 2013, Class Good.

6. Published articles:
Published articles of group leader: Dr. Nguyen Duc Thanh
No
Books/ Monographs
Author/Co-author
Name of journal/publisher
Year of publishing
1
Model of optimal brain drain
Author

Journal of Economics and Development

11/2004
2
Currency policy: Rigid or flexible
Author
Journal of Finance
3/2008
3

From arguments on macroeconomics about remittance to lessons for Vietnam today

Author

Review of World Economic and Political Issues (VASS)

4/2008
4

Back to School in Afghanistan: Determinants of School Enrolment

Co-author
International Journal of Educational Development
5/2008
5

Effect of increasing gasonline prices - an initial quantitative analysis.

Co-author

VNU Journal of science, Economics and Business

12/2008
6

Demand stimulus: from original thinking system to facts in Vietnam

Author


Journal of Finance

1/2009
7

Think about optimal scale of economic stimulus package

Author

Journal of Manager

8/2009
8

Try to identify the object for demand stimulus policy in Vietnam : analytical approach to balance sheet - related interdisciplinary areas

Co-author

VNU Journal of science, Economics and Business

10/2009
9
Business environment in Vietnam
Co-author

Journal of Finance

12/2009
10

Vietnam’s economy in the situation of global economic crisis

Co-author

Review of World Economic and Political Issues

2/2010
11

Origins of output growth in Vietnam over the period 1989-2005

Co-author

Journal of Economic Studies

11/2010
12

Origins of Vietnam Inflation, period 2000-2010: new findings from new evidence

Co-author

Review of World Economic and Political Issues

4-5/2011
13

Six lessons from a decade of fighting inflation

Co-author

Journal of Finance

7/2011
14

Origins of Vietnam Inflation, period 2000-2010: new findings from new evidence

Author

Review of World Economic and Political Issues

2011
15

Global Crisis, Remittances, and Poverty in Asia: The Case of Vietnam

Co-author

Global Crisis, Remittances, and Poverty in Asian Development Bank, Manila, Philippines, pp. 124-158.

2012
16

The role of remittances and poverty reduction in economic crisis : the case of Vietnam

Co-author
Journal of Economic Studies
2013
17

Trends and characteristics of migration flows in the world in the first decade of the twenty-first century

Co-author

Review of World Economic and Political Issues

2014
 
Published articles of other members:
No
Monograph
Author/Co-author
Name of journal/publisher
Year of publishing
1

Vietnam 's public debt: issues and potential impacts

Le Kim Sa

Electronic Journal of Communist, Vol. 251

2012
2
European after crisis: start a “cold era”
Le Kim Sa
Journal of Asia - Pacific economic, Vol. 358
2012
 
3

Restructuring banking system: Korean experience and implications for Vietnam

Le Kim Sa

Journal of Northeast Asian Studies, Vol. 4 (134)

2012
4

Success, failure or adjustment: prospects for China's economic growth to 2020

Le Kim Sa
Journal of Chinese studies
Coming soon
5

Vietnam's economic prospects, a look from mid 2013

 
Nguyen Duc Thanh & Ngo Quang Thai
Journal of Finance, Vol. 7
2013
6

Inflation in Vietnam after joining WTO (2006-2013): Analysis of Micro and policy implications

 
Nguyen Thi Thu Hang, Vu and Nguyen Duc Thanh
Journal of Economic Studies
 
7

Japan in innovation pressure under Shinzo Abe time.

Le Kim Sa
Journal of Asia - Pacific economic, Vol. 412
2013
8

Risk of stopping industrialized after formation of a free trade area ASEAN - China

 
Pham Sy Thanh and Nguyen Thi Thu Quynh
Journal of Asia - Pacific economic, Vol. 10
2013
 

7. Papers at international conferences:

By Dr. Nguyen Duc Thanh (Group leader):
- Conference name: The potentials of the Asian Economic Zone

Organization: Economic and Social Research Institute (ESRI), Cabinet Office, Government of Japan

 Venue: Room B, 4th floor, Lino Hall & Conference Center, Tokyo, Japan

Time: 27-9-2013
- Name of Science Report: Viet Nam: Structural Reforms for a Better International Integration

+ “Do Chinese Have Stronger Son Preference than Vietnamese?” presented at 2008 International Association for Feminist Economics Annual Conference, 19-21/6/2008, Torino, Italy.

+ “Economywide Effects of Remittances: A Computable General Equilibrium Assessment from Vietnam,” presented at 11th International Convention of the East Asian Economic Association, 15-16/11/2008, Manila, Philippines.

+ “Vietnam: Improving Safety Net System for Sustainable Recovery”, PECC Conference on “Economic Crisis and Recovery: Enhancing Resilience, Structural Reform, and Freer Trade in the Asia-Pacific Region,” 9-10/10/2009, Singapore.

+ “The Rise of China and the Economic Divergence of Southeast Asian Countries,” 16th ASEAN Forum, 24/6/2011, Seoul, Korea.

 Of other members:

- Article title: The Total Factor Productivity Growth of the Asia Region: Asian Contagion vs GFC”, 27th International Conference of the American Committee for Asian Economic Studies (ACAES)

Author: Sarath Delpachitra, Pham Van Dai, and Penny Neal

- Journal: Financial Econometrics group (FEG) at Deakin University in Melbourne, Australia,

Time of publishing: 26-27th, October, 2012.
 

IV. Remarkable achievements of research team

- The Bao Son Award 2012 "For a sustainable development" for series of Annual report of Vietnam’s economy 2009-2012.

- Beautiful Book Award 2012 for Annual report of Vietnam’s economy 2011: “Economy at a crossroads, English version”

- Good Book Award 2013, Economy category, written book, for Annual report of Vietnam’s economy 2012: “Facing the challenges of economic restructuring, Vietnamese version”.

- Other rewards of members:
No

Full name

Form and contents of award

Organization, year of award

 
 
 
 
1
 
 
 
Pham Van Ha

Encouragement Award, Annual Award Nationwide Press in Finance, Journal of Finance, “Analysis, Forecast price Fluctuations, Inflation 2008 and recommendations for solutions”

2008
 
 
 
2
Pham Van Ha

Award for the best article on “ Economic Report” Association of Australia Economic, “Economic benefits of marine reserves: Income in risky environment "(co-author)

2006
 
 
 
 
3
 
 
 
 
Pham Van Ha

Award for the best meaningful report in the 2nd workshop of Economists and Environmentalists network, Australia National University “Economic benefits of marine reserves: Income in risky environment "(co-author)

2005
 
 
4
 
 
Pham Sy Thanh

“Outstanding scientific work of young scientist 2012, VNU”

Works: “ China, Economic Growth and transformation (1949-2009)

 
VNU
2013

V. Experience in developing strong research team

One of the onset of the program’s aims is to improve macroeconomic study capability in research group as well as lecturers of VNU University of Economics and Business. The products of research group have significantly distinguished from application researches of institutes/organizations under Ministries / Institutes

In terms of research capacity, this is a strong research group due to the below reasons:

- The research group gathered a group of very experienced economic experts that had abroad comprehensive training or trained in the very prestigious post- graduate universities in nation. 100% researchers can effectively communicate and study in English, Japanese, Chinese, etc).

- Members of research group often have information exchange activities, attend workshops, research with the first-ranked foreign organizations.

- Expand international cooperation with network of macroeconomic experts in region and over the world, network of institutes, universities in ASEAN, China, and developed countries (America, European, Japan, etc).

In term of member of research group: many experts have undertaken very important positions in macroeconomic planning authorities such as, Central Theoretical Council, the Vietnam’s National Assembly on Science & Technology and Environment, National Financial Supervisory Commission, national financial policy- currency council, Central Institute for Economic Management, etc. Those are the very first-ranked macroeconomic experts in Vietnam as they have witnessed every small change in national macroeconomic policy. The consultation and judgment of the expert group can orientate the studies of program to be suitable for the planning, operation, supervision and evaluation of macroeconomic policy in Vietnam.

With a strategic vision, VNU in recent years has focused on increasing in values ​​of science and technology, improving the quality of education, strengthen the competitive factor both in terms of national and international; promote the development of VNU and research team. Therefore, the research team is created the most favorable conditions for the program "Macroeconomics and macroeconomic policies in the context of Vietnam international integration”. That will be implemented in long-term and at the highest level.

This would be the long-term demand in the future with the detailed and urgent requirements. Therefore, "macroeconomic and macroeconomic policies in the context of Vietnam international integration” would be most concerned and long-term program of social economic planners because the program sustainability roots in urgent need of Vietnam in the long term future.

Vietnam economy and macroeconomic management are facing the big challenges. Those challenges root in following causes: (i) Vietnam economy is transformed; (ii) Vietnam economy is developing (iii) The economic transforming progress is drawn with the economic globalization. While Vietnam economy is slow and needs to be in profound renovation.

Economic University and VEPR in VNU have strong study capability and experience in bidding and deploying national study program. For that reason the research team could carry out in very favorable condition with best support.

VI. Recommendation, proposals to develop strong study team in VNU

- To carry out key research program, it is necessary to have strong research team. This team includes scientists who have the same specialization, the best studies and training programs, high quality products, meet the requirements of advanced universities, be capable to be main factor or cooperate with other research teams and international and national researcher network for study program.

- To avoid scattered and insignificant studies, the research team needs to be oriented and focused. Besides, VNU should implement the financial autonomy in research program with key programs, new inspection and evaluations to improve responsibility of research team and consulting expert.


VNU - University of Economics and Business

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