Regional Integration and Benefits from Foreign Direct Investment in ASEAN Economies: The Case of Viet Nam
Mirza, Hafiz; Giroud, Axèle | June 2004
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 assemblytype 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.
Citation
Mirza, Hafiz; Giroud, Axèle. 2004. Regional Integration and Benefits from Foreign Direct Investment in ASEAN Economies: The Case of Viet Nam. © Asian Development Bank. http://hdl.handle.net/11540/5421.Keywords
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Alleviating Poverty
Anti-Poverty
Extreme Poverty
Fight Against Poverty
Global Poverty
Health Aspects Of Poverty
Indicators Of Poverty
Participatory Poverty Assessment
Poverty Eradication
Poverty Analysis
Poverty In Developing Countries
Poverty Reduction Efforts
Urban Poverty
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Development Indicators
Environmental Indicators
Economic Indicators
Educational Indicators
Demographic Indicators
Health Indicators
Disadvantaged Groups
Low Income Groups
Socially Disadvantaged Children
Rural Conditions
Rural Development
Social Conditions
Urban Development
Urban Sociology
Communication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalization
Poor
Economic forecasting
Health expectancy
Social groups
Political participation
Distribution of income
Inequality of income
Developing countries
Rural community development
Mass society
Social change
Social policy
Social stability
Population
Sustainable development
Peasantry
Urban policy
Urban renewal
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