CRITICAL FACTORS INFLUENCING SUSTAINABLE DEVELOPMENT AND THE MODERATING ROLE OF LEGAL FRAMEWORK IN VIETNAM
DOI:
https://doi.org/10.18623/rvd.v22.n5.3972Palavras-chave:
Institutional Quality, Public Awareness, Legal Framework, Sustainable DevelopmentResumo
This study investigates the key determinants of sustainable development in Vietnam by employing a mixed-methods approach that integrates qualitative expert discussions with quantitative structural modeling. The qualitative phase involved in-depth consultations with 30 economic and sustainability experts in Ho Chi Minh City to refine the conceptual framework and measurement scales. The quantitative phase consisted of a survey of 700 professionals, including business managers, senior lecturers, economists, and banking experts across five major cities in Vietnam. Using SEM analysis, the results reveal that Economic Factor, Institutional Quality, Public Awareness, Legal Framework, Social Development, and Environmental Condition all exert significant positive effects on sustainable development. Among these, economic factors and public awareness have the most significant impact. Furthermore, Digital Transformation significantly moderates the relationship between Economic Factor and sustainable development, while the Legal Framework strengthens the influence of Public Awareness on sustainable outcomes. The model explains 36% of the variance in sustainable development, confirming the relevance of both structural and contextual determinants. These findings provide substantial theoretical and practical implications for policymakers, emphasizing the need to enhance institutional capacity, promote digital transformation, strengthen legal enforcement, and foster public awareness to advance sustainable development in Vietnam.
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