Nexus between carbon dioxide emissions, population, migration, foreign direct investment, and gross domestic product: New evidence in the context of Vietnam

Abstract

This research investigates the complex interplay between carbon dioxide emissions, population dynamics, migration patterns, foreign direct investment, and gross domestic product in Vietnam. The paper uses the unrestricted fixed and random panel data method. The data is collected from the World Bank and Vietnam General Office of Statistics. This study employs a multidimensional analytical framework in the country's rapid economic growth context, combining quantitative and qualitative methods to unravel the nuanced relationships within this nexus. The main finding of this study reveals significant correlations between carbon dioxide emissions, population, migration, FDI- foreign direct investment inflows, and GDP- gross domestic product growth, highlighting the pivotal role of these factors in shaping Vietnam's economic landscape. The study draws on comprehensive datasets spanning multiple years. The research reveals significant correlations, notably the positive link between foreign direct investment inflows and gross domestic product growth. Simultaneously, the study sheds light on the environmental challenges associated with urbanization and the socioeconomic impacts of internal migration. The findings of this paper contribute to the theoretical understanding of these interconnected factors, emphasizing the need for an integrated policy approach. Policy recommendations include sustainable urban development strategies, sector-specific foreign direct investment initiatives, and inclusive migration policies. Additionally, fostering green technologies, community engagement, and international collaborations are proposed to advance Vietnam's sustainable development goals. This research is a foundation for policymakers, scholars, and stakeholders, offering actionable insights to guide Vietnam toward a balanced and resilient future. The study's methodology, findings, and policy implications contribute to the academic discourse on sustainable development and provide remarkable guidance for navigating the complexities of economic growth and environmental stewardship in emerging economies.