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Locational Determinants of Foreign Direct Investment in the Vietnamese Economy

Locational Determinants of Foreign Direct Investment in the Vietnamese Economy

Ngoc Le, Xiaoqing Li, Andrey Yukhanaev
Copyright: © 2015 |Pages: 36
ISBN13: 9781466665514|ISBN10: 1466665513|EISBN13: 9781466665521
DOI: 10.4018/978-1-4666-6551-4.ch001
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MLA

Le, Ngoc, et al. "Locational Determinants of Foreign Direct Investment in the Vietnamese Economy." Handbook of Research on Global Business Opportunities, edited by Bryan Christiansen, IGI Global, 2015, pp. 1-36. https://doi.org/10.4018/978-1-4666-6551-4.ch001

APA

Le, N., Li, X., & Yukhanaev, A. (2015). Locational Determinants of Foreign Direct Investment in the Vietnamese Economy. In B. Christiansen (Ed.), Handbook of Research on Global Business Opportunities (pp. 1-36). IGI Global. https://doi.org/10.4018/978-1-4666-6551-4.ch001

Chicago

Le, Ngoc, Xiaoqing Li, and Andrey Yukhanaev. "Locational Determinants of Foreign Direct Investment in the Vietnamese Economy." In Handbook of Research on Global Business Opportunities, edited by Bryan Christiansen, 1-36. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-6551-4.ch001

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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.

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