Rise and Fall of Foreign Direct Investment in Vietnam and its Impact on Local Manufacturing Upgrading

Schaumburg-Müller, Henrik

doi:10.1080/09578810312331287475

Cited by 22 publications

(13 citation statements)

References 5 publications

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“…Two papers by Kokko and Zejan (1996) and Kokko et al (2003) discuss reasons for success or failure of specific FDI projects in Vietnam. Two other papers by Schaumburg-Muller (2003) and Ngoc and Ramstetter (2004) investigate the performance of foreign multinationals versus local firms in Vietnam. Pham (2002) analyzes FDI and regional development using data on approval values of FDI for 64 provinces in Vietnam.…”

Section: Regional and Country-specific Empirical Studiesmentioning

confidence: 99%

Is foreign direct investment good for growth? Evidence from sectoral analysis of China and Vietnam

Gangnes

Noy

2008

Journal of the Asia Pacific Economy

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We estimate the impact of FDI on growth using sectoral data for FDI inflows to China and Vietnam. Previous empirical studies, using either cross-country growth regressions or firm-level micro-econometric analysis, fail to reach a consensus. Our paper is the first to use sectoral FDI inflow data to evaluate the sector-specific impact of FDI on growth. Our results show that, for the two developing-transition economies we examine, FDI has a statisticallysignificant positive effect on economic growth operating directly and through its interaction with labor. Intriguingly, we find the effects seem to be very different across economic sectors, with most of the beneficial impact concentrated in the secondary industries. Other sectors appear to see much less growth benefit from sector-specific FDI.

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Section: Regional and Country-specific Empirical Studiesmentioning

confidence: 99%

Is foreign direct investment good for growth? Evidence from sectoral analysis of China and Vietnam

Gangnes

Noy

2008

Journal of the Asia Pacific Economy

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“…This diversification of sources of FDI insulates Vietnam from fluctuations in inflows of FDI resulting from swings in the economic fortunes of one or two countries. There are three principal types of FDI in Vietnam: Business Corporate Contract (BCC), Joint Venture (JV) and 100% foreign owned companies (Schaumburg-Müller, 2003). BCC are found mainly in oil and telecommunication sectors, while JVs are encouraged in a wide range of industries including transportation, tourism and others that the Law of Foreign Direct Investment endorses.…”

Section: Size and Pattern Of Fdi In Vietnammentioning

confidence: 99%

“…Third, the opening up of the country to FDI was propitiously timed. Globally, the shift of FDI from developed countries into emerging markets and transitional economies of the former socialist bloc where abundant business opportunities were thought to exist occurred during the late 1980s and early 1990s (Schaumburg-Müller, 2003). This early success of Vietnam in attracting FDI, however, appears to have faded somewhat between 1998 and 2006.…”

Section: Size and Pattern Of Fdi In Vietnammentioning

confidence: 99%

“…There was a dramatic decline in terms of committed capital from US$ 3.5 billion in 1997 to US$ 2.3 billion in 1998. However, as argued by Schaumburg-Müller (2003), other possible explanations may include foreign investors' disappointment with the business climate in Vietnam and the high transaction costs due to its policies and regulations. Then come a surge of FDI in 2007 to US$ 7.2 billion and this carried over to 2008.…”

Section: Size and Pattern Of Fdi In Vietnammentioning

confidence: 99%

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Aid and Foreign Direct Investment in Vietnam

Wang¹,

Balasubramanyam²

2011

JEI

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This short paper explores the complementarity between foreign aid and foreign direct investment (FDI). Recent studies on aid concluded that aid should come to an end or be reduced with a radical modification of the terms and conditions and FDI and trade should replace aid as the engine of development. In this paper, we argue that aid complements FDI and advances the efficacy of FDI in promoting growth and development in the developing countries. Using data from the provinces in Vietnam, the statistical analysis suggests that aid has a positive impact on inflows of FDI and aid can complement FDI in promoting economic growth.

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“…84 It also encourages infrastructural development and projects that can earn foreign exchange, like oil exploitation and tourism. 85 Under FIL, it provides four most important forms of foreign investment including:…”

Section: B) Choice Of Investment Vehiclementioning

confidence: 99%

A comparative study of investment regimes in ASEAN economies

Lin¹

2010

Acta Juridica Hungarica

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Abstract. For a long period, Southeast Asian economies have been export-oriented, mostly to Europe and North America. To earn foreign exchanges and speed their economic growth, ASEAN countries have moved to combine foreign and national capital to promote indigenous industrial development and native economic growth. For this purpose, ASEAN countries have set up enormous foreign investment incentives to attract foreign capital and enacted related foreign investment regulations many times to catch more foreign investors' eyes. However, the dissimilar economic developmental levels and the different political backgrounds, ASEAN countries have varied investment environment and regulations. Since both the formation of ASEAN and ASEAN members themselves are more focused on attracting foreign investment, one may ask what differences of foreign investment environment and regulations ASEAN member states have? The article hopes to analyze ASEAN member's investment environment and selected members' investment regulations in order to examine the interactions between national developmental demands and foreign investment regulations through a comparative study of ASEAN member states' laws on foreign investment.

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Rise and Fall of Foreign Direct Investment in Vietnam and its Impact on Local Manufacturing Upgrading

Cited by 22 publications

References 5 publications

Is foreign direct investment good for growth? Evidence from sectoral analysis of China and Vietnam

Is foreign direct investment good for growth? Evidence from sectoral analysis of China and Vietnam

Aid and Foreign Direct Investment in Vietnam

A comparative study of investment regimes in ASEAN economies

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