James A Giesecke, Tran Hoang Nhi

We use a detailed growth accounting method to estimate the annual growth rate of the aggregate Vietnamese capital stock over the period 1996-2005. Our results show that the rate was likely to have been in the vicinity of 7-8 % per annum. This is approximately 2 percentage points lower than estimates appearing in some previous studies.

Key words: Vietnamese capital growth rate, growth accounting, TFP growth.