Investment In Vietnam Research Articles

Relationship Between the Provincial Competitiveness Index and Corporate R&D Investment in Vietnam

Relationship Between the Provincial Competitiveness Index and Corporate R&D Investment in Vietnam

The impact of public investment on private investment in Vietnam

The impact of public investment on private investment in Vietnam

Responsible Business Practices and Legal and Practical Issues in Corporate Governance and Investment in Vietnam

Responsible Business Practices and Legal and Practical Issues in Corporate Governance and Investment in Vietnam

The Law on Enterprises' Investment Incentives for Foreign Investment in Vietnam

The use of foreign direct investment (FDI) is seen as an attractive instrument and lever to support socio-economic development in the current phase of the nation's accelerated industrialization and modernization. Vietnam has drawn a lot of projects and foreign direct investment (FDI) money over the years because to its open-door policies, incentives, and favorable business environment. The National Assembly of the Socialist Republic of Vietnam has proposed Investment Law No. 61/2020/QH14, dated June 17, 2020, which includes investment preferential measures. Our nation is home to numerous internationally funded businesses that have made significant progress toward realizing socio-economic objectives, winning the renovation competition, and bolstering Vietnam's standing and influence internationally.

Political Risk Impacts on Foreign Direct Investment in Vietnam

Political Risk Impacts on Foreign Direct Investment in Vietnam

Discussing Sharing Investment in Vietnam

The emergence of sharing investment within the landscape of the sharing economy presents a transformative market model blending ownership and resource utilization. This research delves into the tech-driven and collaborative nature of sharing investment, drawing upon seminal works and the evolving economic terrain of Vietnam. It offers nuanced insights into the multifaceted dimensions, implications, and challenges stemming from regulatory gaps and complex responsibilities. Highlighting the necessity for an inclusive and transparent framework, the research advocates for flexible policies to harness the potential benefits of sharing investments while navigating inherent challenges. Through a thorough analysis, this study lays a foundation for future research and policy development in the dynamic realm of investment sharing in Vietnam.In addition to the foundational aspects, recent empirical findings underscore the revolutionary potential of sharing investment in Vietnam's by embracing cooperative ownership structures, technological integration, and community-centric approaches, sharing investment promises to foster financial inclusion, catalyze economic growth, and bolster societal welfare. However, realizing this potential necessitates overcoming several obstacles and establishing robust legislative frameworks. Regulatory adaptations must account for the innovative nature of sharing investments, safeguarding investors and ensuring market stability. In leveraging these strategies and capitalizing on the educated and technologically literate populace, Vietnam can harness the benefits of cooperative financial strategies, fostering equitable economic growth and societal advancement.

The role of shipping and logistics MNCs in economic development: a case study of how Maersk contributed to Vietnam’s ascendence to an export oriented economy

This paper assesses the role shipping and logistics foreign direct investment (FDI) plays in developing country export performance, exemplified by the case of the large multinational corporation (MNC) Maersk’s investments in Vietnam. The paper aims to generate a deeper understanding of how the introduction of advanced shipping and logistics services by a foreign investor contributed to export growth. The paper is based on a longitudinal case study of Maersk in Vietnam employing more than 100 interviews from Maersk, Maersk’s clients, subcontractors, and industry experts conducted between 2003 and 2016, complemented and validated by primary commercial data from Maersk, and secondary industry- and market data. The paper finds that during that period, Maersk impacted Vietnam’s export performance through five mechanisms: 1. Building infrastructure; 2. Creating connectivity and market access; 3. Reducing transaction and logistics costs; 4. Bringing buyers and sellers together; and 5. Upgrading export capabilities. While transport and logistics MNCs’ role in building infrastructure and reducing trade costs is described in the literature, the paper provides novel insights into their role as intermediaries in trade that provide value chain access and transparency, reduce transaction costs for buyers and producers, and upgrade export capabilities. The paper suggests that Maersk’s contributions to Vietnam’s export growth from 2003 to 2016 in part can be attributed to its unique competitive advantages originating from its superior organization, technology, and capital intensity. The paper contributes to the literature by deepening it’s understanding of the mechanisms through which large shipping and logistics MNCs influence developing countries’ export-led industrialization; by proving novel insights into the role of Maersk in Vietnam’s development path; and by providing and validating an analytical framework for analyzing shipping and logistics MNCs’ role in export led development that may inspire future research,

Foreign Investment in Vietnam: A Review of Corporate Compliance by Investors from Japan

Japan is one of the most significant foreign investors in Vietnam. However, information about trade compliance by Japanese firms in Vietnam remains scant. This study draws from a new survey of Vietnamese import and export enterprises in 2019, which includes both local and Japanese firms. It shows that Japanese firms are performing better than local firms in terms of trade compliance and regulation. They are also more likely to acknowledge the importance of public-private partnerships and the legal capacity of human force. However, the biggest concerns and obstacles of these actors are Vietnam’s specialized laws and regulations in the cross-border trade of goods. These findings offer important policy implications to enhance trade compliance for Vietnamese enterprises in general and Japanese FDI firms in particular. Authorized Economic Operator Program, Japanese FDI firms, Trade Compliance, Trade Facilitation, Vietnam

Impact of EVFTA on Attracting Investment into Vietnam

EVFTA (European-Vietnam Free Trade Agreement) is a free trade agreement between the European Union and Vietnam. The EVFTA Agreement is a free trade agreement between Vietnam and 27 EU member countries. Not only does it eliminate more than 99% of customs duties on goods, but the agreement also opens Vietnam’s services market to EU companies and enhances the protection of EU investments in Vietnam. This study shows that the EVFTA Agreement has a huge impact on Vietnam’s economy, specifically: Impact on economic growth, trade (import and export); impact on the state’s budget; impact on foreign direct investment; impact on changes in laws and institutions, improving the business environment. Based on an analysis of the current situation, this study proposes solutions further to enhance the advantages of the EVFTA Agreement for Vietnam.

Impact of money supply and macroeconomic indicators on foreign portfolio investment: Evidence from Vietnam

This study examines the relationship between money supply, macroeconomic indicators, and foreign portfolio investment in Vietnam. Using the Autoregressive Distributed Lag Model and Stata 17 software to analyze quarterly data from Q1/2007 to Q4/2022, the analysis reveals strong and enduring correlations. An increase in money supply and economic growth positively influences foreign portfolio investment, with the money supply from the previous quarters significantly impacting foreign portfolio investment (P-value < 0.01). However, foreign exchange rates and foreign direct investment negatively affect foreign portfolio investment. Three macroeconomic indicators show significance at 1% and 5%, where gross domestic product positively affects foreign portfolio investment, while foreign exchange rates and foreign direct investment have detrimental impacts. The findings indicate that a 1% increase in gross domestic product leads to a USD 50.426 million increase in foreign portfolio investment, while a USD 1 million increase in foreign direct investment results in a USD 0.025 million decrease. Foreign exchange rates significantly affect foreign portfolio investment, with the potential for reduction through VND devaluation or an increase in the VND/USD exchange rate due to government adjustments. Definitive conclusions about external debt, interest rates, and inflation require additional data and research. The study’s R-squared value is 0.2738, with an adjusted R-squared of 0.1813, explaining 27.38% of future changes in Vietnam’s foreign portfolio investment. These findings have important implications for policymakers, suggesting that expanding the money supply and implementing suitable interest rate policies could enhance foreign portfolio investment attractiveness in the nearest term. AcknowledgmentThe author would like to thank the board of editors and the anonymous reviewers for their time and suggestions, which were most helpful in improving this article.

A Study on the Vietnamese Listening Teaching Using the Drama “Sticky Rice and Plain Rice”

The study of teaching methods for foreign language listening skills has been a topic of interest and early research, particularly with languages widely used such as English, French, Spanish, Portuguese, Chinese, etc. However, these studies are quite scarce when it comes to the Vietnamese language. Furthermore, alongside the recent increase in foreign investment in Vietnam, there has been a higher demand for learning the Vietnamese language by foreigners. Hence, this study has chosen to investigate teaching methods for Vietnamese language listening skills in order to contribute to enhancing the effectiveness of instruction. This study aims to look into how certain materials could be selected and incorporated into a Vietnamese language lesson plan for foreigners, the Vietnamese drama “Sticky Rice and Plain Rice” – that attracted a huge number of viewers on both on TV and in the internet – will be utilized in this research. The primary goal of this undertaking is to contribute in the creation of innovation teaching and learning interesting and effective at the same time.

IPEF를 통한 협력증진과 한국 무역확대관계의 연구

Purpose - The goal on this study is related to seeking the direction of development of the Korean economy through the promotion of cooperation through IPEF and a study of Korea's trade expansion relations.
 Design/Methodology/Approach - Joint efforts to cope with global climate change and consequent changes in the trade order within the IPEF, and the strengths of Korean IT companies in the digital field can be demonstrated. It is also utilized as a global production base, and strengthening cooperation is positive for Korean trade. For example, it will be a basis for trends and estimates of Korean investments in new corporations in Vietnam. Data from 2016 to 2022 are from to The State Bank of Vietnam, and estimates for 2023 through this data correspond to estimatea according to (1, 1, 0) of the ARIMA model.
 Findings - As a result, it is predicted that the investment expansion of new corporation investment in Vietnam by Korean companies, which exceeded 31.8% in 2022, can be further expanded in 2023.
 Research Implications - The promotion of cooperation between Korean exporting companies and regional countries through IPEF is essential for securing core raw materials for semiconductors and electric vehicles in Southeast Asia, USMCA, and South America. In addition, Korean trade will be able to continue to find strengthening ties with technologically advanced countries on carbon reduction in response to the EU's ESG management.

Determinants of intangible capital investment in Vietnam: A firm‐level analysis

AbstractIntangible capital is an important growth driver in the modern knowledge‐based and innovation‐driven economy. While there seems to be sufficient support for the role of intangible capital from developed economies, evidence from fast‐growing developing countries is much more limited. This paper explores the heterogeneous pattern and potential determinants of firm‐level intangible capital investment in Vietnam. We found that firm size, human capital, and information and communication technology increase the likelihood to invest in intangible capital. Additionally, an inverted‐U shaped relation is identified between market competition and intangible capital investment: Moderate levels of market competition induce firms in Vietnam to invest more in innovative activities, but the effect of stronger competition diminishes.

STRENGTHENING ECONOMIC TIES: THE IMPACT AND POTENTIAL OF SOUTH KOREAN FOREIGN DIRECT INVESTMENT IN VIETNAM

Economic cooperation has been a key pillar of the relationship between South Korea and Vietnam, with the two nations joining numerous bilateral and multilateral cooperation agreements. Theeconomic ties between the two contries have been strengthened significantly through the Korea-Vietnam Free Trade Agreement (KVFTA), which hasprovided a framework for promoting economic cooperation, trade, and investment, fostering stronger and more effective mutual relations between the two nations. As of 2022, Korea's investment scale in Vietnam has reached approximately 80 billion USD, fueling Vietnam's economic growth, employment opportunities, and technology transfers. The paper examines the legal basic for promotingforeign direct investment in Vietnam and delves into the patterns of Korea's FDI in Vietnam,highlighting the expected expansion of Korean firms' investments. The research assesses the potential opportunities and challenges associated with South Korean foreign direct investment in Vietnam. Finally, the study offers several recommendations aimed at mitigating negative outcomes while maximizing the positive impacts of this bilateral relationship within the current context.

Are the Barriers to Private Solar/Wind Investment in Vietnam Mainly Those That Limit Network Capacity Expansion?

This study addresses whether the main barrier to private solar/wind investment is the network side instead of the generation side, as a hypothesis, and how the network-related barrier could be reduced to encourage a more extensive range of private investment. It mainly employs a review of the literature and semi-structured interviews with relevant stakeholders. The result showed weak grid capacity is a critical barrier in solar power projects’ congested areas. Another critical barrier is policy uncertainty in that the government has not issued any alternative mechanisms for developers who failed to meet the Commercial Operation Date for approximately two years after the FITs ended. This is likely due to the fact that the Power Development Plan 8 (PDP8) for 2021-30 had been slow to be approved by the Prime Minister. In the absence of policies, the government committed to net-zero emission toward 2050 at COP26 and concluded the Just Energy Transition Partnership agreement in December 2022. These might lead the government to set its ambitious RE targets in the power mix of PDP8 approved in May 2023. In addition, amendments of the Law on Electricity which allows private firms to invest in the grid may contribute to improving quality and capacity of the grid.

REAL-EASTE INVESTMENT PSYCHOLOGY AND SOLUTIONS TO IMPROVE MANAGEMENT EFFICIENCY FOR THE REAL-ESTATE MARKET IN VIET NAM

In Vietnam, the real-estate investors’ psychology always has an impact, affects greatly to the stability and development of the market. For a long time, the investors’ psychology contributes to the promotion or causes the growth stifle to the real-estate market. On the other hand, from real-estate business practice, the legal system on real estate business bears some limitations, in which contribute to the emergence of investment factors according to crowd psychology. Therefore, the article researches the psychology of real estate investment in Vietnam, thereby, proposing some solutions to improve management efficiency for the real-estate market.

Suggestions to improve Vietnamese Investment Law following some foreign investment legal regulations

Vietnamese Law on foreign investment contains all provisions related to foreign investment in Vietnam and investment from Vietnamese businesses abroad. Although the Vietnamese policies on foreign investment have been regularly amended and supplemented, some inadequacies affect the attractiveness of Vietnam as a foreign investment destination. These inadequacies are in the 2020 Law on Investment provisions, the 2012 Law on Cooperatives, Decree No. 01/2021/ND-CP on business registration compared with the 2020 Law on Enterprises, and the Civil Procedure 2015. Specifically, according to current provisions, foreign investors cannot establish sole proprietorships and business households in Vietnam. If the investor is a non-resident individual in Vietnam or a foreign legal entity, they are not allowed to launch or become a member of a cooperative in Vietnam; regarding investment registration certificate when foreign investors show economic organizations in Vietnam; regarding dispute settlement mechanisms in investment activities of foreign investors in Vietnam, etc. Therefore, this article makes recommendations on amending and supplementing the above provisions. It contributes to promoting investment attraction policies and creating equality between foreign and Vietnamese investors in investment activities in Vietnam.

Does public investment stimulate economic growth in Vietnam? An ARDL approach to test Keynes's theories

The short- and long-term effects of public investment on economic growth continue to be vigorously debated worldwide and in Vietnam. This study employs the ARDL model to analyze the effect of public investment on Vietnam's economic development during the years 1995 to 2019 in order to augment empirical evidence on this topic. Research results show that growth in public investment, private investment and foreign investment all have a positive impact on economic growth in the long run. However, the short-term effect of public investment has not been confirmed. Similarly, the effect of public investment on economic growth is less than that of private investment. Based on empirical analysis, policy recommendations for improving the effectiveness of public investment in Vietnam are proposed.

Impact of Land Tenure Security Perception on Tree Planting Investment in Vietnam

With over 14 million hectares allocated, Vietnam’s forest and forestland allocation has been one of the largest natural resource decentralization programs in the developing world over the last three decades. Given this remarkable achievement, critics are concerned about the low rates of household tree planting investment and question the roles and effects of land institutions on investment. Using nested logit and ordered probit models, this study examined the effects of household perceptions of forestland tenure security on tree investment and the causal effects among 239 households in 11 communes in the Central Highlands. The findings suggested that, given the land titling in hand, household perceptions of potential land expropriation in the next five years did not thwart investments in both short-term acacia and long-term cashew horizons. The number of laborers, cost of plantations, off-farm and agricultural incomes, migrant status, soil condition, plot location, government subsidies, and a positive market outlook all played a significant role in this investment. Interestingly, we found that short-term tree planting had the reverse impact on decreasing land users’ perceptions of land tenure security, possibly because each tree rotation shortens the 50-year land use period recorded in the Land Use Right Certificate. However, market prospects and government subsidies may significantly counteract the negative perception of LTS and encourage households to plant trees. The policy implication is that, in addition to strengthening LTS to ensure households’ current and future land use rights, tree investment-incentivized policies should be implemented.

Factors Affecting Business Angels Investment in Vietnam

The paper aims at investigating and comparing the factors determining investment decisions by business angels (BAs) from the viewpoints of BAs and startups in Vietnam based on a framework synthesized from a literature review and primary data from in-depth interviews conducted with 8 startups and 15 angel investors. The results show that the startups’ founder, working team, financial issues, product and market, and strategy related to exit and the roles of BAs are startup-related factors determining BAs’ investment in Vietnam. For BA-related factors, the BAs’ experience, investment objectives and preferences, and culture are key determinants. The novelty of the paper is to find out the gaps between the perspectives of BAs and startups, and the difference between Vietnamese and foreign BAs’ viewpoints. The finding is that BAs, more strictly than startups, assess their business plan, financial state, product, market, and targeted consumers. Startups neglect the exit strategy and role of BAs in invested startups. In addition, foreign and domestic BAs have different opinions on startups’ market scale, and expectation of profits and BAs’ roles in startups. The paper ends by providing some implications for Vietnamese startups to attract more angel investment, focusing on improving the quality of human resources, developing a profitable, honest, and realistic business plan, and setting up a long-run vision towards the global market. Doi: 10.28991/ESJ-2023-07-02-07 Full Text: PDF