Improving Socio-economic Efficiency of Ho Chi Minh City's FDI Enterprises Towards Sustainable Development
Ho Chi Minh City (HCMC) is known as the economic leader of Vietnam. This city also contributes majorly to Vietnam’s state budget revenue. The reality of socio-economic development of HCMC reveals that the FDI sector has made important and effective contributions in terms of exports, state budget...
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| Format: | Article |
| Language: | English |
| Published: |
H. : ĐHQGHN
2020
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| Subjects: | |
| Online Access: | http://repository.vnu.edu.vn/handle/VNU_123/68463 https://doi.org/10.25073/2588-1108/vnueab.4297 |
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| Institution: | Vietnam National University, Hanoi |
| Language: | English |
| Summary: | Ho Chi Minh City (HCMC) is known as the economic leader of Vietnam. This city also
contributes majorly to Vietnam’s state budget revenue. The reality of socio-economic development
of HCMC reveals that the FDI sector has made important and effective contributions in terms of
exports, state budget revenues, job creation and income. However, the investment efficiency of
this sector and technology transfer through FDI has not been as high as expected. Using secondary
data, this article analyzes and assesses the socio-economic efficiency of the FDI sector in HCMC
according to some criteria: investment efficiency, export, state budget revenue, technology
transfer, job creation and income generation. On that basis, some policy recommendations are
proposed to improve the socio-economic efficiency of the FDI sector in HCMC in the direction of
sustainable development, including: (i) enhancing to attract and use FDI consistently with the
socio-economic development strategy of HCMC; (ii) continuing to formulate and complete
investment incentive policies and tax policies: (iii) improving the effectiveness and efficiency of
state management and (iv) developing human resources, science and technology to create
necessary prerequisites for absorbing positive spillover effects, as well as limit the negative impact
of FDI inflows. |
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