Factors affecting the attraction of foreign direct investment: A study in northwest of Vietnam

Foreign direct investment (FDI) plays an important role in economic growth for developing countries where there is always a shortage of investment capital. Its role is manifested through promoting economic restructuring, expanding markets, promoting exports, developing human resources and providing...

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Main Authors: Hoa, Phuong Tran, Thu, Ha Nguyen Thi, Duc, Duong Nguyen
Format: Article
Language:English
Published: Growing Science 2021-01-01
Series:Accounting
Online Access:http://www.growingscience.com/ac/Vol7/ac_2021_98.pdf
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author Hoa, Phuong Tran
Thu, Ha Nguyen Thi
Duc, Duong Nguyen
author_facet Hoa, Phuong Tran
Thu, Ha Nguyen Thi
Duc, Duong Nguyen
author_sort Hoa, Phuong Tran
collection DOAJ
description Foreign direct investment (FDI) plays an important role in economic growth for developing countries where there is always a shortage of investment capital. Its role is manifested through promoting economic restructuring, expanding markets, promoting exports, developing human resources and providing new technologies for development. Therefore, FDI has always been addressed as the top concern of governments in developing countries. However, FDI inflows often fluctuate because of many factors related to the competitive environment, such as market size, economic openness, competition in labor resources, etc. There are many empirical studies related to FDI inflows. However, most of these studies are carried out in developed countries. Meanwhile, in developing countries, there is not as much as this kind of study. On the other hand, the empirical research results are not consistent. This article will analyze the factors affecting FDI in the Northwest region of Vietnam in the context of global economic integration in the period of 2000 - 2019, from which we draw out the policy implications that can be applied to Vietnam.
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spelling doaj.art-4eb9415e051643809b778b3c84f71ae52022-12-22T04:07:32ZengGrowing ScienceAccounting2369-73932369-74072021-01-01761257126410.5267/j.ac.2021.4.014Factors affecting the attraction of foreign direct investment: A study in northwest of VietnamHoa, Phuong TranThu, Ha Nguyen ThiDuc, Duong NguyenForeign direct investment (FDI) plays an important role in economic growth for developing countries where there is always a shortage of investment capital. Its role is manifested through promoting economic restructuring, expanding markets, promoting exports, developing human resources and providing new technologies for development. Therefore, FDI has always been addressed as the top concern of governments in developing countries. However, FDI inflows often fluctuate because of many factors related to the competitive environment, such as market size, economic openness, competition in labor resources, etc. There are many empirical studies related to FDI inflows. However, most of these studies are carried out in developed countries. Meanwhile, in developing countries, there is not as much as this kind of study. On the other hand, the empirical research results are not consistent. This article will analyze the factors affecting FDI in the Northwest region of Vietnam in the context of global economic integration in the period of 2000 - 2019, from which we draw out the policy implications that can be applied to Vietnam.http://www.growingscience.com/ac/Vol7/ac_2021_98.pdf
spellingShingle Hoa, Phuong Tran
Thu, Ha Nguyen Thi
Duc, Duong Nguyen
Factors affecting the attraction of foreign direct investment: A study in northwest of Vietnam
Accounting
title Factors affecting the attraction of foreign direct investment: A study in northwest of Vietnam
title_full Factors affecting the attraction of foreign direct investment: A study in northwest of Vietnam
title_fullStr Factors affecting the attraction of foreign direct investment: A study in northwest of Vietnam
title_full_unstemmed Factors affecting the attraction of foreign direct investment: A study in northwest of Vietnam
title_short Factors affecting the attraction of foreign direct investment: A study in northwest of Vietnam
title_sort factors affecting the attraction of foreign direct investment a study in northwest of vietnam
url http://www.growingscience.com/ac/Vol7/ac_2021_98.pdf
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