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• TRADE LIBERALIZATION AND FOREIGN DIRECT INVESTMENT IN VIETNAM: A GRAVITY MODEL USING HAUSMAN - TAYLOR ESTIMATOR APPROACH

  Hoang Chi Cuong, Do Thi Bich Ngoc, Bui Thi Phuong Mai, Dang Huyen Linh

  Date Received: 02-07-2025 / Date Published: 02-07-2025

   Abstract PDF (VIETNAMESE)

  Foreign direct investment (FDI) plays a crucial role in the process of development for Vietnam. Over the two decades of Renovation, a large number of FDI capital flowed into the country, especially after joining the WTO in 2007, an amount reaching up to approximately USD 229,913.7 million. A gravity model constructed using the Hausman – Taylor (1981) estimator was applied to 1995 to 2011 panel data that included 18 of Vietnam’s major country partners and provided by Vietnam’s authorities and international organizations. The purpose was to reexamine the possible effect of trade liberalization under the WTO regime and various FTAs on FDI flows. The estimates were consistent in line with the prediction that the WTO exerted great impact on FDI flows to Vietnam. By contrast, there is no evidence that demonstrates convincingly that the various FTAs in which Vietnam has signed/joined recently, increased FDI capital into the country. The paper also proposes recommendations for attracting FDI and using FDI capital more effectively.

  DOI: https://doi.org/10.31817/tckhnnvn.2013.11.1.

• Improving Credit Quality of Foreign Direct Investment Enterprises at the Joint Stock Commercial Bank for Foreign Trade of Vietnam - Bac Ninh Branch

  Duong Thi Giang, Nguyen Cong Tiep, Bui Thi Nga

  Date Received: 14-10-2021 / Date Accepted: 01-03-2022

   Abstract PDF (VIETNAMESE)

  Bank credit activities for foreign direct investment (FDI) enterprises at the Joint Stock Commercial Bank for Foreign Trade of Vietnam - Bac Ninh branch (Vietcombank Bac Ninh) have been developed and contributed significantly to the development of Bac Ninh province on the way to the top provinces in terms of attracting foreign investment. However, its efficiency and market share is still limited. This article assessed the current situation and proposed some solutions to improve the credit quality of FDI enterprises at Vietcombank Bac Ninh through primary information collected from 80 FDI enterprises with outstanding loans on credit quality in 2021. Data were processed by SPSS 20 software, and analyzed by EFA factor analysis and regression analysis. Results showed that there were four groups of factors: credit policy, credit procedure, service quality, and credibility, of main interest to customers. The article proposed some solutions to improve credit quality for FDI enterprises for banks in the coming time, including: improving responsiveness, promoting service capacity, enhancing reliability and perfecting control and supervision activities.

• FDI INFLOWS INTO VIETNAM AFTER JOINING THE WTO

  Hoang Chi Cuong

  Date Received: 10-04-2012 / Date Accepted: 05-08-2012 / Date Published: 13-06-2025

   Abstract PDF (VIETNAMESE)

  Foreigndirect investment (FDI) has taken a crucial role in Vietnam’s development processsince the launch of Renovation in 1986. After Vietnam’s accession to the World Trade Organization (WTO), a large amount of FDI capital flowed into country, up to 140 billion USD, due to the openness of country’s economy, more transparent, predictable investment environment, and several national advantages. Wherein, there was a switching of FDI capital from manufacturing sector to service one together with a downward trend in agriculture. Like previous duration, Vietnam’s FDI capital sources came mostly from Asia-Pacific region and European economies (net capital, technology exporters) probably caused by Vietnam’s integration emphasizes in dynamic Asia-Pacific region. Another interesting finding was that, geographical allocation of FDI was characterized by concentration on three main key economic regions: the Red River Delta (surrounding Ha Noi, Hai Phong, and Quang Ninh), the Central region (surrounding Da Nang), and the Southeast of country (surrounding Ho Chi Minh City) owing to better infrastructure, abundance of skillful labor force, and bigger market size. To use/attract FDI capital more effectively and enhance the role of FDI in Vietnam’s development process, some suggestions were also proposed.

  DOI: https://doi.org/10.31817/tckhnnvn.2012.10.4.

• Lý thuyết mới về đầu tư trực tiếp từ nước ngoài: Bằng chứng kiểm định từ trường hợp của Việt Nam

  Hoang Chi Cuong , Tran Van Tho , Nguyen Thi Ngoc My

  Date Received: 04-10-2013 / Date Accepted: 29-10-2013

   Abstract PDF (VIETNAMESE)

  Đầu tư trực tiếp nước ngoài (FDI) ngày càng trở nên quan trọng trong quá trình phát triển của Việt Nam. Sau hơn hai thập kỷ kể từ khi tiến hành đổi mới năm 1986, đất nước đã thu hút được một lượng lớn vốn FDI lên tới 229.913,7 triệu USD. Nghiên cứu này sử dụng mô hình lực hấp dẫn và phương pháp ước lượng Hausman-Taylor để kiểm tra xem liệu chỉ số tương đồng về quy mô kinh tế có thúc đẩy các dòng vốn FDI vào Việt Nam hay không. Vấn đề này có thể chưa được đề cập trong các nghiên cứu trước đây cho trường hợp của Việt Nam. Kết quả thực nghiệm cho thấy chỉ số này thúc đẩy mạnh mẽ các luồng vốn FDI vào Việt Nam. Nói cách khác, Việt Nam có xu hướng nhận được nhiều vốn FDI từ các đối tác có “quy mô kinh tế và trình độ phát triển tương đồng”. Kết quả này củng cố cho lý thuyết mới về FDI tại các nền kinh tế mới nổi.

• TRADE LIBERALIZATION AND FOREIGN DIRECT INVESTMENT IN VIETNAM: A GRAVITY MODEL USING HAUSMAN - TAYLORESTIMATOR APPROACH

  Hoang Chi Cuong , Do Thi Bich Ngoc, Dang Huyen Linh, Bui Thi Phuong Mai

  Date Received: 07-01-2013 / Date Accepted: 19-02-2013 / Date Published: 13-06-2025

   Abstract PDF (VIETNAMESE)

  Foreigndirect investment (FDI) plays a crucial role in the process of development for Vietnam. Over the two decades of Renovation, a large number of FDI capital flowed into the country, especially after joining the WTO in 2007, an amount reaching up to approximatelyUSD 229,913.7 million. Agravity model constructed using the Hausman – Taylor(1981) estimatorwasapplied to 1995 to 2011panel data that included18 of Vietnam’s major country partnersandprovided by Vietnam’s authorities and international organizations. Thepurposewasto reexamine the possible effect of trade liberalization under the WTO regime and various FTAs on FDI flows. The estimates wereconsistent in line with the prediction that the WTO exerted great impact onFDI flows to Vietnam. By contrast, there is no evidence that demonstrates convincingly that the various FTAs in which Vietnamhas signed/joined recently, increased FDI capital into the country. The paper also proposes recommendations for attracting FDI and using FDI capital more effectively.

  DOI: https://doi.org/10.31817/tckhnnvn.2013.11.1.