Citation:

Dinh Mai Thanh, Pham Anh Tuyet. "Proposal for Attracting Foreign Direct Investment (FDI) into Vietnam" International Research Journal of Economics and Management Studies, Vol. 2, No. 4, pp. 107-111, 2023.

Abstract:

Vietnam ranks 12th out of 66 emerging economies in The Economist's 2020 economic wellness ranking, which includes the group of economically prosperous countries post-COVID-19 pandemic. This presents a significant opportunity for Vietnam to attract Foreign Direct Investment (FDI) as multinational corporations seek safe destinations to re-establish their production bases after the COVID-19 pandemic. This article assesses the current state of foreign direct investment attraction in Vietnam during the period from 2010 to 2019 and proposes solutions for attracting FDI in the post-COVID-19 era. Within the scope of the article, the author focuses on addressing three issues: (i) The basis for evaluating the consequences of drawing foreign direct investment; (ii) The current situation of attracting foreign direct investment in the period from 2010 to 2019; (iii) Opportunities and challenges in attracting FDI in the post-COVID-19 period. Based on these, the author puts forward some recommendations to enhance the effectiveness of attracting FDI into Vietnam.

References:

[1] Nguyen Quynh Tho (2017), Attracting Foreign Direct Investment in Vietnam in the Current Period.
[2] Chu Tien Quang, Foreign Direct Investment for the Restructuring of the Economy Linked to the Transformation of Growth Models towards Enhancing Quality, Efficiency, and Competitiveness for the 2013 - 2020 Period (www.vnep.org.vn).
[3] The World Bank (2019), A Turn towards Finance, Paving the Way for Capital Markets to Serve Vietnam's Future Development.
[4] Proceedings of the 2019 National Scientific Conference on FDI Regional Development.
[5] Report by the General Statistics Office.

Keywords:

FDI, Vietnam, Attraction.