ISSN: 2450-7733
eISSN: 2300-4096
OAI
DOI: 10.18276/sip.2018.53/2-23
Issue archive /
nr 53/2 2018
Foreign direct investment in Vietnam after ten years of WTO accession: trends and opportunities
| Authors: |
Phung
Thanh Quang
National Economics University, Vietnam |
| Keywords: | FDI Vietnam WTO accession tax havens |
| Data publikacji całości: | 2018 |
| Page range: | 12 (311-322) |
| Klasyfikacja JEL: | F21 F23 |
Abstract
Foreign direct investment has been the key driver for Vietnam’s economic development in recent years, especially after Vietnam joined the WTO in early 2007. By the end of 2016, FDI sector in Vietnam comprised for 25% total investment, 14.8% of state budget revenue, with total FDI accumulated of more than 293 billion USD. This paper analyzes some main features of FDI in Vietnam during the ten years period 2007–2016, after Vietnam’s accession to the WTO. The author found that FDI in Vietnam has played an increasingly important role for the economic growth, especially in trade performance. However, FDI has been much focused on labor-intensive manufacturing and the linkages of FDI firms with domestic ones remain relatively weak. Based on this, the author suggests policy implications for attracting green FDI in the upcoming years.
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