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Analysis of Economic Innovation Models and How to Select Optimal Policy


Dinh Tran Ngoc Huy, Pham Anh Dung, Le Ngoc Nuong, Le Thi Han, Do Thi Sang, Dinh Tran Ngoc Hien and Pham Hung Nhan
Abstract

The purposel of This article focuses on ANALYSIS OF ECONOMIC INNOVATION MODELS AND HOW TO SELECT OPTIMAL POLICY in recent years. Method: include Qualitative research method: synthesis and inductive methods. Sekhar (2013) stated that The deregulation of banking systems, in particular, promotes economic growth through improved allocation, efficiency and a reduction of financial service costs. Results: Authors stated opportunities for values adding including but not limit to: Covid 19 bring opportunities for smart solutions for social issues in smart cities; FDI investment in 2023 increased 3.5% compared to 2022; In 2023, the State Bank of Vietnam adjust the operating interest rate four times with a total reduction of 0.5 - 2%/year, and at the same time direct credit institutions to reduce costs to reduce lending interest rates to support businesses, people and the economy to recover production and business.

Volume 12 | Issue 3

Pages: 737-745