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How Foreign Direct Investment Impacts Domestic Productivity: The Case of Vietnam
by Minh Phuong Nguyen Hoang Abstract Foreign direct investment (FDI) has long been known as a vital driver of economic growth in many developing countries by providing capital boosts, generating employment, and introducing advanced technology. This paper focuses on a more long-term economic impact of FDI — the productivity spillover effect — in the specific […]
Do Political Connections Help Firms Gain Access to Bank Credit in Vietnam?
By David Brunnell One of the major contributing factors to Vietnam’s macroeconomic instability has been the massive growth of credit inflows and its often inefficient allocations. Vietnam is in a state of economic transition from state-planned to open market based. The private sector has grown very rapidly but private firms’ demand for credit is still […]
