IDEAS home Printed from https://ideas.repec.org/a/wsi/adrxxx/v21y2004i01ns011611050400003x.html
   My bibliography  Save this article

Regional Integration and Benefits from Foreign Direct Investment in ASEAN Economies: The Case of Viet Nam

Author

Listed:
  • HAFIZ MIRZA
  • AXÈLE GIROUD

Abstract

In recent years Viet Nam has been pursuing the twin goals of promoting inward foreign direct investment (FDI) and regional development in the context of the Association of Southeast Asian Nations (ASEAN). The paper surveys transnational corporations (TNCs) with operations in ASEAN, and finds that Viet Nam has now largely achieved its initial objective of being a major FDI recipient. The regional aspect is especially manifest in consumer electronics, although most subsidiaries in Viet Nam still perform assembly-type operations oriented toward the local market. This has to change if Viet Nam is to maintain its development momentum. Under the threat of international competition and in order to maximize the dynamic gains from FDI, Viet Nam has to reorient its policies and emphasize a shift toward targeting efficiency-seeking investments and developing more advanced links with TNC regional and global value chains. This new approach would benefit from a full-scale development of the ASEAN Free Trade Area (providing access to a regional market) and the ASEAN Investment Area (securing capabilities in Viet Nam and other ASEAN countries), as well as other regional trade and investment initiatives.

Suggested Citation

  • Hafiz Mirza & Axãˆle Giroud, 2004. "Regional Integration and Benefits from Foreign Direct Investment in ASEAN Economies: The Case of Viet Nam," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 66-98.
    • Handle: RePEc:wsi:adrxxx:v:21:y:2004:i:01:n:s011611050400003x
    DOI: 10.1142/S011611050400003X
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S011611050400003X
    Download Restriction: Open Access
    File URL: https://libkey.io/10.1142/S011611050400003X?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:adrxxx:v:21:y:2004:i:01:n:s011611050400003x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: https://www.worldscientific.com/worldscinet/adr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.