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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: © 2019 |Pages: 38
ISBN13: 9781522573111|ISBN10: 1522573119|EISBN13: 9781522573128
DOI: 10.4018/978-1-5225-7311-1.ch023
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MLA

Le, Ngoc, et al. "Locational Determinants of Foreign Direct Investment in the Vietnamese Economy." Socio-Economic Development: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2019, pp. 422-459. https://doi.org/10.4018/978-1-5225-7311-1.ch023

APA

Le, N., Li, X., & Yukhanaev, A. (2019). Locational Determinants of Foreign Direct Investment in the Vietnamese Economy. In I. Management Association (Ed.), Socio-Economic Development: Concepts, Methodologies, Tools, and Applications (pp. 422-459). IGI Global. https://doi.org/10.4018/978-1-5225-7311-1.ch023

Chicago

Le, Ngoc, Xiaoqing Li, and Andrey Yukhanaev. "Locational Determinants of Foreign Direct Investment in the Vietnamese Economy." In Socio-Economic Development: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 422-459. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-7311-1.ch023

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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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