Investigating the determining factors of sustainable FDI in Vietnam

Phung Thanh Quang, Ehsan Rasoulinezhad, Nguyen Nhat Linh and Doan Phuong Thao

China Finance Review International, 2022, vol. 12, issue 2, 334-350

Abstract: Purpose - The main purpose of this paper is to analyze the sustainable inward FDI pattern of Vietnam. Design/methodology/approach - This paper intends to analyze the sustainable FDI pattern of Vietnam using the gravity theory and panel data approach for the annual data over the period of 2007–2020. Findings - Vietnamese FDI volume is positively affected by political and social factors, globalization and green energy consumption, while geographical distance is a major obstacle to the increase of FDI inflows of the country. Practical implications - As the main practical policy implications, issuing policies for sustainable economic growth, launching the novel strategy of green FDI neighborhood policy and regionalism through free trade agreements are recommended. Originality/value - To the best of author's knowledge, there has not been any in-depth academic study focusing on the Vietnam's sustainable FDI. In addition, three robustness checks have been conducted to ensure the validation of empirical findings.

Keywords: FDI pattern; Sustainable development; Green energy consumption; Vietnam; C23; F10; Q43 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:cfripp:cfri-10-2021-0207

DOI: 10.1108/CFRI-10-2021-0207

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