Abstract:

. The purpose of the article is to identify the role of investment capital in the economic development of Vietnam. The article examines the role of investment capital in the structural adjustment of Vietnam's economy and its impact on GDP growth. The main attention is paid to the efficient use of investment capital. Based on the investment data analysis from 1995 to 2017, the structure of investment capital by forms of ownership and types of economic activity is analyzed. The advantages and disadvantages of the structural components of investment capital are identified. Based on the calculation of incremental capital-output ratios, the efficiency of using investment capital and its components is estimated. Priority measures are identified to increase the efficiency of investment capital, aimed at achieving sustainable economic development in Vietnam.