Solutions to attract investment capital for tourism development: Evidence from Vietnam economy

The objective of this study is to propose solutions to attract investment capital for tourism development in Thanh Hoa province, Vietnam. Based on the theoretical framework following eclectic or “OLI model” developed by Dunning and Narula (1996) [Dunning, J., & Narula, R. (2003). Foreign direct...

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Main Authors: Huyen Le Hoang Ba, Phuong Nguyen Thi Thu, Thanh Ngo Chi, Hanh Hoang Thanh, Chinh Le Huy
Format: Article
Language:English
Published: Growing Science 2020-01-01
Series:Accounting
Subjects:
Online Access:http://www.growingscience.com/ac/Vol6/ac_2019_11.pdf
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author Huyen Le Hoang Ba
Phuong Nguyen Thi Thu
Thanh Ngo Chi
Hanh Hoang Thanh
Chinh Le Huy
author_facet Huyen Le Hoang Ba
Phuong Nguyen Thi Thu
Thanh Ngo Chi
Hanh Hoang Thanh
Chinh Le Huy
author_sort Huyen Le Hoang Ba
collection DOAJ
description The objective of this study is to propose solutions to attract investment capital for tourism development in Thanh Hoa province, Vietnam. Based on the theoretical framework following eclectic or “OLI model” developed by Dunning and Narula (1996) [Dunning, J., & Narula, R. (2003). Foreign direct investment and governments: catalysts for economic restructuring. Routledge.] and data of 660 questionnaires collected from a survey of tourism investors in Thanh Hoa provinces, we found some important influential factors affecting the attraction of investment for tourism development in Thanh Hoa province. In particular, the local government’s policy of attracting capital appears to have the highest level of importance. The study has some policy implications to increase the attractiveness of investment capital in tourism development in the area.
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spelling doaj.art-228fc33fa96a4dbfab93e8e8a5b5fa7f2022-12-22T01:37:14ZengGrowing ScienceAccounting2369-73932369-74072020-01-016220921410.5267/j.ac.2019.10.002Solutions to attract investment capital for tourism development: Evidence from Vietnam economyHuyen Le Hoang BaPhuong Nguyen Thi ThuThanh Ngo ChiHanh Hoang ThanhChinh Le HuyThe objective of this study is to propose solutions to attract investment capital for tourism development in Thanh Hoa province, Vietnam. Based on the theoretical framework following eclectic or “OLI model” developed by Dunning and Narula (1996) [Dunning, J., & Narula, R. (2003). Foreign direct investment and governments: catalysts for economic restructuring. Routledge.] and data of 660 questionnaires collected from a survey of tourism investors in Thanh Hoa provinces, we found some important influential factors affecting the attraction of investment for tourism development in Thanh Hoa province. In particular, the local government’s policy of attracting capital appears to have the highest level of importance. The study has some policy implications to increase the attractiveness of investment capital in tourism development in the area.http://www.growingscience.com/ac/Vol6/ac_2019_11.pdfinvestment attractiontourism developmentthanh hoa
spellingShingle Huyen Le Hoang Ba
Phuong Nguyen Thi Thu
Thanh Ngo Chi
Hanh Hoang Thanh
Chinh Le Huy
Solutions to attract investment capital for tourism development: Evidence from Vietnam economy
Accounting
investment attraction
tourism development
thanh hoa
title Solutions to attract investment capital for tourism development: Evidence from Vietnam economy
title_full Solutions to attract investment capital for tourism development: Evidence from Vietnam economy
title_fullStr Solutions to attract investment capital for tourism development: Evidence from Vietnam economy
title_full_unstemmed Solutions to attract investment capital for tourism development: Evidence from Vietnam economy
title_short Solutions to attract investment capital for tourism development: Evidence from Vietnam economy
title_sort solutions to attract investment capital for tourism development evidence from vietnam economy
topic investment attraction
tourism development
thanh hoa
url http://www.growingscience.com/ac/Vol6/ac_2019_11.pdf
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AT phuongnguyenthithu solutionstoattractinvestmentcapitalfortourismdevelopmentevidencefromvietnameconomy
AT thanhngochi solutionstoattractinvestmentcapitalfortourismdevelopmentevidencefromvietnameconomy
AT hanhhoangthanh solutionstoattractinvestmentcapitalfortourismdevelopmentevidencefromvietnameconomy
AT chinhlehuy solutionstoattractinvestmentcapitalfortourismdevelopmentevidencefromvietnameconomy