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... the theoretical concepts on FDI, MNCs, types of FDI and effects on the host economy, thereby recognizing the existence of FDI spillovers in terms of (1) productivity spillovers and (2) wage spillovers. . .VIETNAM NATIONAL UNIVERSITY – HO CHI MINH CITY INTERNATIONAL UNIVERSITY THE IMPACT OF FDI SPILLOVERS ON THE PRODUCTIVITY OF DOMESTICALLY MANUFACTURING FIRMS AND AVERAGE WAGE IN VIETNAM. .. local firms in the host country and (5) there is the involvement and companion of many financial markets and international trade Based on these characteristics, the effect of FDI on the host economy