Significant Trends of Developing Countries (China and Vietnam) Seeking To Target "Prosperity"

Authors

  • Tran Quoc Hung Marxism School, Central South University, Hunan, China, Ho Chi Minh University of Banking, Ho Chi Minh City, Vietnam.
  • Huang Yong Peng Marxism School, Central South University, Hunan, China.

Keywords:

Strong financial conditions, healthy environment, achieving prosperity, government support

Abstract

Recently, attaining prosperity has become the most important factor for countries to satisfy their societies. This aspect necessitates the researchers' intentions, and the current article investigates the impact of robust financial conditions and a healthy environment on attaining prosperity in China and Vietnam. The article also examines the moderating function of government support in China and Vietnam about strong financial conditions, a healthy environment, and prosperity. The research collects the primary data from the selected respondent sample using survey questionnaires. The smart PLS was also used to examine the data's dependability and association between variables. The results indicated that robust financial conditions and a healthy environment positively correlate with China's and Vietnam's prosperity. The results also revealed that government support in China and Vietnam moderates considerably between a healthy environment and achieving prosperity. The study provides policymakers with guidance for formulating policies to attain prosperity through strong financial conditions and a healthy environment.

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Published

2023-06-25