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Vietnam’s Outward Foreign Direct Investment: Alignment with Environmental Policies and Pursuit of Carbon Neutrality Goals

Author

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  • Phung Thanh Quang

    (School of Banking and Finance, National Economics University, Hanoi, Vietnam)

Abstract

This study examines the impact of Outward Foreign Direct Investment (OFDI) on CO2 emissions in Vietnam (1991-2023) using the Autoregressive Distributed Lag (ARDL) model, an econometric approach designed to analyse both short-run and long-run relationships between variables with different integration orders. Results indicate OFDI has no statistically significant effect on emissions in either timeframe, with insignificant coefficients. While GDP per capita shows a negative long-run association — aligns with Vietnam’s 2021–2030 National Climate Strategy, which emphasizes promoting GDP growth through low-carbon sectors. Based on these findings, the author proposes policy reforms to align OFDI with climate goals, including green investment incentives and cross-border renewable energy partnerships.

Suggested Citation

  • Phung Thanh Quang, 2025. "Vietnam’s Outward Foreign Direct Investment: Alignment with Environmental Policies and Pursuit of Carbon Neutrality Goals," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 27(02), pages 1-18, March.
    • Handle: RePEc:wsi:jeapmx:v:27:y:2025:i:02:n:s1464333225500061
    DOI: 10.1142/S1464333225500061
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