Driving Agricultural Investment through Government Policies, Human Resources, Infrastructure, and Technology: An Empirical Analysis of Tay Ninh Province, Vietnam

This study investigates the influence of government policies, human resources, infrastructure, and investment promotion programs on technological adoption and investment mobilization in the agricultural sector of Tay Ninh Province, Vietnam. Employing Partial Least Squares Structural Equation Modeling (PLS-SEM), the research analyzes survey data from 269 agricultural investors to assess how these factors drive technology integration and capital inflows. The findings reveal that government policies, including subsidies and regulatory support, significantly enhance both technological adoption and investment attraction by creating a conducive environment for innovation and reducing investment risks. Human resources and expertise are critical, as a skilled workforce facilitates effective technology use and increases investor confidence. Infrastructure development, encompassing reliable transportation and communication networks, supports the implementation of advanced agricultural technologies and lowers operational costs, making the sector more appealing to investors. Investment promotion programs, through financial incentives and partnerships, play a pivotal role in fostering technology adoption and attracting capital. Notably, technological advancements mediate the relationship between these factors and investment mobilization, underscoring the role of technology in enhancing agricultural productivity and investment appeal. While the study offers actionable insights for policymakers and stakeholders to promote sustainable agricultural development in Tay Ninh, its regional focus may limit its generalizability. Recommendations include strengthening policy frameworks, investing in workforce training, improving infrastructure, and expanding promotion programs to drive technological innovation and capital mobilization, thereby supporting Tay Ninh’s agricultural growth and economic resilience.