Abstract
Attracting investment is currently a top issue for Vietnam in general and localities in particular, especially attracting capital flows from large firms in high-tech, eco-friendly industries, toward a green economy and sustainable development. So, this research is conducted to attract investment effectively from large firms, based on the determinants that influence business investment decisions. The study carried out 226 survey samples of large non-state firms in Vietnam, using the EFA test and linear regression. The results reveal that investing in Vietnam is the right decision, and supporting services have the largest influence, followed by human resources, geographic infrastructure, input costs, and market, respectively. Based on the findings, some recommendations are proposed for localities to improve their investment environment and efficiency in order to attract strategic investors and meet the province's sustainable development orientation.
Publisher
Far Eastern Studies of the Russian Academy of Sciences
Reference13 articles.
1. Bialowolski, P., Weziak-Bialowolska, D. (2013) External Factors Affecting Investment Decisions of Companies. Economics Discussion Papers, 8: 1–21. https://doi.org/ 10.5018/economics-ejournal.ja.2014-11
2. Buckley, P.J., Clegg, J., Cross, A.R., Liu, X., Voss, H., and Zheng, P. (2007) The determinants of Chinese outward foreign direct investment. Journal of International Business studies, 38(4): 499–518. https://doi.org/10.1057/palgrave.jibs.8400277
3. Department of Planning and Investment of Vinh Phuc Province (2020). Vinh Phuc: Many breakthroughs in attracting investment and developing industry. URL: https://vinhphuc.gov.vn/ct/cms/tintuc/Lists/KinhTe/View_detail.aspx?ItemID=10036
4. Doan, T. T. H., Jan-Yan, L. (2016) Provincial Governance and Foreign Direct Investment in Vietnam: An Empirical Study at Subnational Level. International Journal of Business and Applied Social Science, 2.5: 1–11. URL: https://nbn-resolving.org/urn:nbn:de:0168-ssoar-51227-0
5. Globerman, S., Shapiro, D. (2002). Global Foreign Direct Investment Flows: The Role of Governance Infrastructure. World Development 30(11): 1899–1919. https://doi.org/10.1016/S0305-750X(02)00110-9