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Determinants of foreign direct investment in Vietnamese provinces: a spatial econometric analysis

Author

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  • Michaël Goujon

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique)

  • Hong Hiep Hoang

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article uses spatial econometric models to explore the determinants of the distribution of foreign direct investment (FDI) inflows among Vietnamese provinces in the period after the Asian crisis. First tests reveal spatial autocorrelation in the OLS estimated errors, justifying the use of spatial error models estimated using the maximum likelihood estimator. Relations between FDI and its traditional determinants are surprisingly robust to the inclusion of spatial interdependence terms. Results show a dominance of the form of regional trade platform FDI, and of regional agglomeration effects. National and provincial economic policies are also found to be important factors for attracting FDI.

Suggested Citation

  • Michaël Goujon & Hong Hiep Hoang, 2014. "Determinants of foreign direct investment in Vietnamese provinces: a spatial econometric analysis," Post-Print halshs-00983757, HAL.
    • Handle: RePEc:hal:journl:halshs-00983757
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    Cited by:

    1. Nielsen, Bo Bernhard & Asmussen, Christian Geisler & Weatherall, Cecilie Dohlmann, 2017. "The location choice of foreign direct investments: Empirical evidence and methodological challenges," Journal of World Business, Elsevier, vol. 52(1), pages 62-82.
    2. Hong Hiep Hoang & Michaël Goujon, 2018. "Determinants of Intra-Region and Extra-Region Foreign Direct Investment Inflow in ASEAN: A Spatial Econometric Analysis," Post-Print hal-01918889, HAL.
    3. Dimitra Mitsi & Constantina Kottaridi, 2022. "Fiscal and non-fiscal institutional context effects and foreign direct investment: empirical evidence in developing countries," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 72(1-2), pages 11-33, January-J.
    4. Hong Hiep Hoang & Cong Minh Huynh & Nguyen Minh Huy Duong & Ngoc Hoe Chau, 2022. "Determinants of foreign direct investment in Southern Central Coast of Vietnam: a spatial econometric analysis," Economic Change and Restructuring, Springer, vol. 55(1), pages 285-310, February.
    5. Adolfo Maza & Paula Gutiérrez‐Portilla & José Villaverde, 2020. "On the drivers of UK direct investment in the Spanish regions: A spatial Durbin approach," Growth and Change, Wiley Blackwell, vol. 51(2), pages 646-675, June.
    6. Chu, Chau M. & Nguyen, Bach, 2025. "Foreign small- and medium-sized enterprises and regional institutions," Journal of World Business, Elsevier, vol. 60(5).
    7. Thi-Nham Le & Thanh-Tuan Dang, 2024. "Performance Analysis of Vietnamese Provinces’ FDI Attractiveness: An Application of DEA and Malmquist Indexes," SAGE Open, , vol. 14(3), pages 21582440241, July.
    8. The Nguyen Huynh, 2022. "Dynamic spatial effects of determinants of foreign direct investment: A case of the southern key economic region of Vietnam," Australian Economic Papers, Wiley Blackwell, vol. 61(3), pages 436-454, September.
    9. Thi-Nham Le & Thanh-Tuan Dang, 2022. "An Integrated Approach for Evaluating the Efficiency of FDI Attractiveness: Evidence from Vietnamese Provincial Data from 2012 to 2022," Sustainability, MDPI, vol. 14(20), pages 1-25, October.
    10. Davide Castellani & Giulio Giangaspero & Antonello Zanfei, 2013. "Heterogeneity and distance. Some propositions on how differences across regions, firms and functions affect the role of distance in FDI location decisions," Working Papers 1308, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2013.

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