FDI ATTRACTION FOR INDUSTRIAL DEVELOPMENT – EXPERIENCE FROM DEVELOPED COUNTRIES AND APPLICATION LESSONS FOR LAOS Author Nguyen Ngoc Anh, Lamngeun Xayasene University of Economics, The University of Da[.]
FDI ATTRACTION FOR INDUSTRIAL DEVELOPMENT – EXPERIENCE FROM DEVELOPED COUNTRIES AND APPLICATION LESSONS FOR LAOS Author: Nguyen Ngoc Anh, Lamngeun Xayasene University of Economics, The University of Danang; ngocanh14204@yahoo.com PhD Course 21, The University of Danang; ngeunh@gmail.com Abstract: This paper includes experience in attracting FDI into the industrial branch of some countries in the world such as newly industrialized countries (NICs), China and ASEAN countries (Malaysia, Thailand and Vietnam) These countries have the same starting point as Laos in terms of natural, economic and social characteristics, and they have been very successful in FDI attraction to develop their industry On this basis, with reference to the specific characteristics of Laos’ economy, the paper draws some lessons for Laos to attract more FDI into its industrial sector, including the improvement of the investment environment, administrative procedure reform, the opening of some fields, the construction of industrial zones (IZs), export processing zones (EPZs), investment incentives, investment promotion, human resource development, infrastructure and support industries (SI) Key words: Industry branch; Export processing zones; Industrial zones; Investment environment; FDI