FDI in Non-BRIC Emerging Economies: The Case of Vietnam

Publication Date


Document Type

Conference Proceeding


This paper examines the determinants of Foreign Direct Investment (FDI) in Vietnam and FDI experience during economic transition to a market economy from 1991 until 2008 and suggests implications for similar economies and foreign investors.

Using ordinary least squares multiple regression estimates, this paper validates that the macroeconomic environment (market size and wage rates), and the economic liberalization of the host economy (rather than ASEAN membership), are important factors in FDI attractiveness while the relative weakness of the Dong was a negative factor. It also suggests that the Asian currency crisis in 1998 had a significant negative impact on FDI in Vietnam.

Original Citation

Delaunay, C. & Torrisi, C.R. (2012). FDI in Non-BRIC Emerging Economies: The Case of Vietnam. Conference Proceedings: 5th Biennial Conference of the Academy of World Business, Marketing & Management Development, 16-19 July 2012, 5(1), 242-254. [Budapest, Hungary; July 16-19, 2012].

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