Trade Liberalization, Economic Reforms and Foreign Direct Investment – A Critical Analysis of the Political Transformation in Vietnam

14 Pages Posted: 3 Jun 2020

Date Written: April 2, 2020

Abstract

The purpose of this study is to discuss the trends of integration into the global economy since political and economic reforms (so-called Doimoi) and its influence on every presence of foreign investment in Vietnam. Lasting 20-year-war period and ended in 1975, by the mid-1980s per capita income was stuck between $200 and $300, Vietnam’s government introduced Doimoi through a series of reforms, and steered the country to be a socialist-oriented market economy. Based on the analysis of reform process and integration, the results are concerned. Our results demonstrate that foreign direct investment performance has significantly embraced trade liberalization with gusto. Further, the open trade policy in relation to FTAs could significantly promote foreign investment and maximize its benefits on the economy.

Keywords: Doimoi, foreign direct investment, FTAs, integration, trade liberalization

JEL Classification: F13, F15, G28, H32

Suggested Citation

Nguyen, V.C., Trade Liberalization, Economic Reforms and Foreign Direct Investment – A Critical Analysis of the Political Transformation in Vietnam (April 2, 2020). Available at SSRN: https://ssrn.com/abstract=3566751 or http://dx.doi.org/10.2139/ssrn.3566751

V.C. Nguyen (Contact Author)

Thu Dau Mot University ( email )

No.6, Tran Van On Street
Phu Hoa ward
Thu Dau Mot city, Binh Duong 820000
Vietnam
0935160577 (Phone)
75000 (Fax)

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