Abstract
Foreign direct investment (FDI) has played an important role in boosting Vietnam’s economic growth with great contributions in terms of several aspects. Vietnam has recently signed in various international agreements and treaties ralated to global integration such as Free trade agreements (FTAs) with many countries, Comprehensive ASEAN Investment Agreement (ACIA) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). All of them has been opening hopeful opportunities to attract FDI into Vietnam in the next period of time. However, attracting FDI also has faced several threats from both inside and outside environment. The study focused on SWOT analysis of attracting FDI in Vietnam in the period of 2008-2018, and then gave some recommendations to improve Vietnam’s potential FDI attraction in the new period of the world economy.
Highlights
Being a developing country located in Asia-Pacific area, attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs
In period of 2008 to 2018, Vietnam has participated in the field of investment liberalization by signing many new generation trade and investment agreements such as Free trade agreements (FTAs) with Chile, Japan, Korea, Eurasian Economic Union (EEU), ACIA...FTAs have been motivating Vietnam to expand cooperation in the Asia – Pacific region and around the world
It means that FDI has a significant role in economic development of Vietnam as remarkable opportunities to mark a milestone in industrialization and modernization period, but it always goes along with a lot of threats
Summary
Being a developing country located in Asia-Pacific area, attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs. FDI enterprises currently account for a quarter of the country’s total investments and over 70% of its export revenue [1]. These “talking statistics” show that Vietnam has been continously writing an attracting FDI success story. FDI attraction into Vietnam may decline if the cheap labour resource is continuously considered as a competitive advantage. It means that FDI has a significant role in economic development of Vietnam as remarkable opportunities to mark a milestone in industrialization and modernization period, but it always goes along with a lot of threats. Vietnam government must have suitable strategies and policies for the period to match national strengths with opportunities, to improve weaknesses and limit effectively threats’s impact
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
