RELATIONSHIP BETWEEN ECONOMIC GROWTH AND FOREIGN DIRECT INVESTMENT: THE CASE OF DONG NAI PROVINCE, VIETNAM

  • Hung Tran Van Vietnam National University of Forestry, Dong Nai Province
  • Huong Le Thi Mai HCMC University of Technology and Education, Ho Chi Minh City
Keywords: foreign direct investment; economic growth; Dong Nai Province; Vietnam

Abstract

The study focuses on analyzing the relationship between economic growth and foreign direct investment in Dong Nai. This study is based on the use of time series data collected from Dong Nai Statistical Office during the period 1997-2017 and using the VAR model to analyze this data. The results show there is a two-way relationship between foreign direct investment and economic growth in Dong Nai province. In other words, attracting of foreign investments has a positive impact on economic growth and vice versa. At the same time, the results also show that students and the opening up of the economy have impact on attracting foreign direct investment into the province. Based on the results achieved, the article puts forward some proposals on how to attract FDI in order to contribute to economic growth in Dong Nai.

Author Biographies

Hung Tran Van, Vietnam National University of Forestry, Dong Nai Province

Science interests (research firlds): Research interests – markets of agricultural products, SMEs functioning and government support, ecological economics, environmental issues of economic development and corporate social responsibility,financial management. Published more than 20 papers in International journals, member of editorial board of International journals

Huong Le Thi Mai, HCMC University of Technology and Education, Ho Chi Minh City

PhD - The technological current status of Vietnamese enterprises with the requirements of international integration

Lecturer in Finance, HCMC University of Technology and Education, Ho Chi Minh City, Vietnam

Science interests (research firlds): Research interests -financial sector, banking sector, SMEs functioning and government support, ecological economics, environmental issues of economic development and corporate social responsibility,.

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Published
2019-03-31
How to Cite
Van, H., & Mai, H. (2019). RELATIONSHIP BETWEEN ECONOMIC GROWTH AND FOREIGN DIRECT INVESTMENT: THE CASE OF DONG NAI PROVINCE, VIETNAM. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (2(15), 50-59. Retrieved from https://euraseans.com/index.php/journal/article/view/134