Determinants of Foreign Investment Attraction Contributed to Social Economic Development: A Case Study in Vietnam

Abstract

Objective: The study aims to measure the key factors influencing foreign investment attraction for social and economic development post-Covid-19 Pandemic in Vietnam.   Method: In this study, the authors used a convenient and straightforward survey method to survey 700 investors of 700 FDI enterprises in 10 big provinces in Vietnam, processing data through SPSS 20.0. The study's value proposed policy recommendations rapidly and effectively, becoming an essential part of the economy and making positive contributions to the socio-economic development of Vietnam.   Results: The article's findings found the key factors influencing the foreign investment attraction to serve the country's socio-economic development post-Covid-19 Pandemic in Vietnam with a significance of 1.0 percent and proposed many policy recommendations for policymakers and managers contributing to socio-economic development.   Conclusions: Foreign direct investment is a critical capital source of the economy, a driving force contributing to social and economic development. The capital plays a vital role in socio-economic development. In particular, thanks to the priority of macroeconomic stability, precise orientation, and preferential policies in attracting foreign capital, even in a large-scale pandemic affecting the global economy. The study's value proposed policy recommendations rapidly and effectively, becoming an essential part of the economy and making positive contributions to the socio-economic development of Vietnam.