Analysis of Economic Development of Czech Republic and Vietnam

In recent years, Czech companies have the tendency of investing in Vietnam. By analysis the economic development of Vietnam in comparison with Czech Republic economy, companies can refer and invest properly. For instances, they study economic development by measuring the related indexes of gross national product (GNP), as well as considering Gross Domestic Product (GDP) and the influence of CPI index of these both countries. The used data in the research are taken from the World Bank system. The exploitation of data by World Development Indicator (WDI) function provided by Vincent Arel - Bundock (University of Michigan). Current analysis results show that the GDP of Czech Republic is 8.3 times higher than Vietnam. GNP of Czech Republic is always 1.0 time higher than Vietnam. Meanwhile, the CPI of Vietnam fluctuates widely and less stable than Czech's one. Through the analysis of the measurement indicators of the economy, there is a big gap between the Czech Republic and Vietnam. Vietnam is still unstable in the consumer price index (CPI). Although investing in Vietnam is a potential opportunity, but CPI should be monitored closely.