Locational Determinants of Foreign Direct Investments in the Vietnamese Economy

Le, Ngoc, Li, Xiaoqing and Yukhanaev, Andrey (2014) Locational Determinants of Foreign Direct Investments in the Vietnamese Economy. In: Handbook of Research on Global Business Opportunities. IGI Global, Hershey, PA, pp. 1-36. ISBN 9781466665514

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Official URL: http://dx.doi.org/10.4018/978-1-4666-6551-4.ch001

Abstract

This chapter investigates the determinants of inward Foreign Direct Investment (FDI) in the Vietnamese economy and their connection to the rapid economic growth the country has experienced. Using the concepts drawn from the extant Ownership-Location-Internalization (OLI) paradigm and Institutional-Based View (IBV) literature, and adopting a quantitative research with the application of secondary data analysis, the study found seven significant locational factors determining FDI inflows into the Vietnamese economy, such as business freedom, market size, labor cost, trade freedom level, inflation rate, human capital, and the effectiveness of property rights. Political risk, monetary freedom, corruption, the country's WTO accession, and the global financial crisis are found to be irrelevant to the inbound investments in the modern economy. A macro-level account and the policy implications are suggested for the promotion of FDI inflows into Vietnam to ensure the country's continuous and sustainable economic development.

Item Type: Book Section
Subjects: L100 Economics
N100 Business studies
Department: Faculties > Business and Law > Newcastle Business School > Business and Management
Depositing User: Becky Skoyles
Date Deposited: 07 Nov 2014 14:07
Last Modified: 10 Nov 2016 12:39
URI: http://nrl.northumbria.ac.uk/id/eprint/18004

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