Nguyên nhân và ảnh hưởng của đầu tư trực tiếp nước ngoài cơ sở cho việc điều chỉnh chính sách tại tỉnh thanh hóa việt nam

THAI NGUYEN UNIVERSITY Socialist Republic of Vietnam SOUTHERN LUZON STATE UNIVERSITY Republic of the Philippines LE HOANG BA HUYEN (JAMES) CAUSES AND EFFECTS OF FOREIGN DIRECT INVESTMENT: BASIS FOR POLICY RE-DIRECTION IN THANH HOA PROVINCE IN VIETNAM A Dissertation Presented to the Faculty of Graduate School of Southern Luzon State University, Philippines and Thai Nguyen University, S.R Vietnam In Partial Fulfillment of the Requirement for the Degree of Doctor in Business Administration August, 2013 The study was done at: INTERNATIONAL CENTRE EDUCATION, THAI NGUYEN UNIVERSITY Academic supervisor: TRAN DAI NGHIA Ph.D The thesis is prevented to the Council held in Southern Luzon State University, Philippines at the …………, ………… , 2013 Desertation can be found at: - National Library - Learning Resource Center, Thai Nguyen University - Library of International Training Center - Library of Southern Luzon State University, Philippines i ACKNOWLEDGMENTS I would like to thank Thai Nguyen University, the International Centre Education of Thai Nguyen University, Southern Luzon State University for guiding me throughout this research and for providing me with the opportunity to conduct this research and for helping me to carry out the necessary revisions to the thesis I would like to thank Dr Cecilia N Gascon, President of Southern Luzon State University and Dr Dang Kim Vui, the President of Thai Nguyen University, who made possible the linkage between Thai Nguyen University with Southern Luzon State University, the offering of Doctor of Business Administration, through the ITCTUAF; I would like to thank Dr Tran Dai Nghia, for his support and supervision throughout my graduate study program His kindness and daily instructions in the last years are greatly appreciated and this dissertation is as much his work as mine; I would also like to thank Dr Nguyen Manh An, President of Hong Duc University, my colleagues at Faculty of Economic and Business Administration, Hong Duc University, my friends for their support and encouragement during the time I my dissertation In addition, I would like to thank local government of Thanh Hoa Province, foreign companies in Thanh Hoa province for providing me with information to conduct this research, and feedback necessary for making this thesis is successful Finally, I would like to thank my family for giving me constant support and encouragement and for always believing in me Last but definitely not least, thanks my wife Nguyen Thi Tam, who has provided a tremendous amount of love and support during my research On the final note with love is for my daughters ii ABSTRACT This research was undertaken with the primary objectives of: (1) To describe the trends in FDI in Thanh Hoa Province in the period from 2001 to 2012 (2) To determine the factors affecting attraction of FDI in Thanh Hoa Province (3) To analyze the effects of FDI in the economic growth of Thanh Hoa Province (4) To formulate policy implication to enhance economic growth of Thanh Hoa Province in Vietnam To organize the research questionnaire, the conceptual framework was adopted from the Eclectic Paradigm or the “OLI” paradigm developed by Dunning 1993 and according to factors which are influencing to choice of a host market of Gilomre, O’s Donnel, Carson and Cummins (2003) The paper was studied six major factors such as Political / Government / Legal Factors, Social and Cultural Factors, Economic and Market Factors, Financial Factors, Availability of resources factors and Infrastructure Factors which are highly affecting for the inflow of FDI The variables under each of the above factors have been included in the questionnaire The research methodology of the study which explained conceptual frame work, research design, population and sample size, questionnaire design, data collection and data analysis methods The research was conducted in two phases The first phase involved secondary collection, desk tally by review, literatures, research, journals, publications, books, official reports from government officials The second phase was the primary date collection by doing survey using structured questionnaires (either through e-mailing, telephone and direct face to face interview) The population of this research was forty one (41) FDI entrepreneurs and 100 officers To obtain the sample size it was used the Slovin formalation and the sample size was determined as 37 and 80 respondents respectively Data processing methods, survey results are coded, data entry are described by iii statistical tool The combinations of descr iptive and as we ll as stat ist ica l tools ve been used to analyze the findings of the study The data were processed by using SPSS All primary data collected through the questionnaires were analyzed by frequency tables and correlation analysis The techniques like simple tabulations have been used for the frequency tables, determination of r a n k s u m , mean, P Value, Adj Variance and standard deviations C orrelation analysis was used to study the linear correlation among the various factors affecting FDI and the level of significance This study focuses on the four main issues: Firstly, about the trends in FDI in Thanh Hoa Province, FDI in Thanh Hoa increased rapidly in the period from 2001 – 2012 Secondly, about the factors affect the attraction of foreign direct investment in Thanh Hoa Province We found that there are two aspects of the Thanh Hoa economic environments in which international business partners are particularly interested: the economic and marketing and infrastructure factors However, the social and cultural factor seemed not be a significant factor Most investors put the social and cultural factor in the least important group Thirdly, analyze the effects of FDI in the economic growth of Thanh Hoa Province FDI has a positive impact on the industrialization and modernization in Thanh Hoa province in recent years However, the current state of foreign direct investment in Thanh Hoa still exist some limited such as: Total investment project is small, they are not commensurate with the potential and strengths of provincial; Differences between the registered capital and performance capital is large, performance capital growth is not high etc Finally, evaluate the favorable level of factors affecting the investment process of FDI enterprises in Thanh Hoa province The result of the study shows that there are some iv factors that have been evaluated as much more favorable, while other factors are considered more difficult Based on the findings of this research, recommendations were made to the relevant in Thanh Hoa government in particular and as well as to the in the center government for the formulation of appropriate investment incentive policies to attract more foreign direct investment opportunities into Thanh Hoa province in the future in-line with the FDI entrepreneur’s perception v TABLE OF CONTENTS Page ACKNOWLDGEMENT ii ABSTRACT…………………………………… iii TABLE OF CONTENTS vi LIST OF TABLES ix LIST OF FIGURES x ABBREVIATIONS xi CHAPTER INTRODUCTION 1.1 Background 1.2 Problem Statement 1.3 Research Objectives 1.4 Study Object and Scope 1.5 Research Questions 1.6 Significance of the Study 1.7 Research Definitions 1.8 Organization of this study 14 CHAPTER LITERATURE REVIEW AND STUDIES 15 2.1 Theoretical overview: FDI 15 2.1.1 Definitions of FDI 15 2.1.2 Attract FDI 17 2.1.3 Forms of FDI 18 2.1.4 Effects of FDI 21 2.1.5 Summary of some theories of attraction of FDI 22 2.2 FDI and Motivation 28 2.3 Factors Influencing Location of FDI 35 2.3.1 Political stability and policy mechanisms factors 35 vi 2.3.2 Socio-cultural environment factors 35 2.3.3 Financial factors 36 2.3.4 Economy and market factors 36 2.3.5 Resource factors 37 2.3.6 Infrastructure factors 38 2.4 The determinants of the FDI in Vietnam review of literature 40 2.5 Overview of Thanh Hoa province 48 2.5.1 Overview of Thanh Hoa’s social - economy 48 2.5.2 The mechanisms and policies for attracting FDI in Thanh Hoa province 49 CHAPTER RESEARCH METHODOLOGY 53 3.1 Theoretical framework and hypothesis development 53 3.2 The data collection and data analytical framework 55 3.3 Sample size and Population determination 60 3.3.1 Population determination 60 3.3.2 Sample size determination 61 3.3.3 Sampling Method 62 3.4 Questionnaire Design 62 3.5 Response Rate 63 CHAPTER DATA ANALYSIS AND RESULTS 64 4.1 The trends of FDI inflows in Thanh Hoa Province in the period from 2001 to 2012 64 4.2 Data analysis about the factors affecting the attraction of foreign direct Investment in Thanh Hoa Province 67 4.2.1 The importance of various factors in attracting FDI ìnlows in Thanh Hoa province 70 4.2.1.1 Political/governmental/legal factors (F1) 70 4.2.1.2 Social and cultural factors (F2) 72 vii 4.2.1.3 Financial factors (F.3) 73 4.2.1.4 Economic and marketing factors (F4) 74 4.2.1.5 Availability of resources factors (F5) 75 4.2.1.6 Infrastructure factors (F6) 76 4.2.2 Results of the Analysis 77 4.3 Data analysis about the effects of FDI in the economic growth of Thanh Hoa Province 78 4.3.1 Contributions to development and movement of economic structure 79 4.3.2 Contributions in mobilizing invested capital for development 80 4.3.3 Employment change 81 4.3.4 Contribution of FDI sector in province revenue 82 4.3.5 FDI contribution to export turnover 83 4.4 Analysis of factors affecting the process of FDI investment in Thanh Hoa province 84 4.2.1 Analysis of research results 84 4.2.2 Correlations coefficient 89 CHAPTER SUMMARY, CONCLUSIONS AND RECOMMENDATIONS 91 5.1 Summary 91 5.2 Conclusion 93 5.3 Policy implications 96 5.4 Limitations and further research 99 BIBLIOGRAPHY 100 Appendix - A 106 Appendix - B 107 Appendix – C 118 Appendix – D 137 viii LIST OF TABLES Table Page 4.1 Foreign direct investment project licensed in period 2001 to 2011 64 4.2 The importance level of political, governmental and legal factors 70 4.3 The importance level of social and cultural factors 72 4.4 The importance level of financial factors 73 4.5 The importance level of economic and marketing factors 74 4.6 The importance level of availability of resources factor 75 4.7 The importance level infrastructure factors 76 4.8 Descriptive Statistics 77 4.9 The important of factors affecting the process of FDI investment in 85 4.10 the Thanh Hoa province ( Response from the management FDI) The importance of factors affecting the process of FDI investment 86 4.11 in the Thanh Hoa province (Response from the civil servants) Factors affecting the investment process of FDI enterprises in 87 4.12 Thanh Hoa Province Descriptive sattistics and correlation (Response from the civil 89 servants) ix Ranksum F51, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 116.5 114 | 31 586.5 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -284.45 -304.55 Ho: F51 (qdinh==0) = F51 (qdinh==1) z = 0.143 Prob > |z| = 0.8861 Ranksum F52, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 81 114 | 31 622 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -180.55 -408.45 Ho: F52 (qdinh==0) = F52 (qdinh==1) z = -1.633 Prob > |z| = 0.1025 Ranksum F53, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 92.5 114 | 31 610.5 589 127 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -180.55 -408.45 Ho: F53 (qdinh==0) = F53 (qdinh==1) z = -1.064 Prob > |z| = 0.2874 Ranksum F61, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 102 114 | 31 601 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -234.66 -354.34 Ho: F61 (qdinh==0) = F61 (qdinh==1) z = -0.637 Prob > |z| = 0.5238 Ranksum F62, by(qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 80.5 114 | 31 622.5 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -193.12 -395.88 Ho: F62 (qdinh==0) = F62 (qdinh==1) 128 z = -1.684 Prob > |z| = 0.0922 Ranksum F63, by(qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 52 114 | 31 651 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -114.23 -474.77 Ho: F63 (qdinh==0) = F63 (qdinh==1) z = -2.845 Prob > |z| = 0.0044 Ranksum F1, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 80 114 | 31 623 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -38.12 -550.88 Ho: F1 (qdinh==0) = F1 (qdinh==1) z = -1.449 Prob > |z| = 0.1474 Ranksum F2, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ - 129 | 92.5 114 | 31 610.5 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -51.32 -537.68 Ho: F2 (qdinh==0) = F2 (qdinh==1) z = -0.927 Prob > |z| = 0.3538 Ranksum F3, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 86 114 | 31 617 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -42.31 -546.69 Ho: F3 (qdinh==0) = F3 (qdinh==1) z = -1.198 Prob > |z| = 0.2311 Ranksum F4, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 62 114 | 31 641 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -149.76 -439.24 130 Ho: F4 (qdinh==0) = F4 (qdinh==1) z = -2.481 Prob > |z| = 0.0131 Ranksum F5, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 85.5 114 | 31 617.5 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -74.78 -514.22 Ho: F5 (qdinh==0) = F5 (qdinh==1) z = -2.257 Prob > |z| = 0.0708 Ranksum F6, by(qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 72 114 | 31 631 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -61.79 -527.21 Ho: F6 (qdinh==0) = F6 (qdinh==1) z = -1.829 Prob > |z| = 0.0674 Ranksum ttdtkqh, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test 131 Qdinh | obs rank sum expected -+ | 80 114 | 31 623 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -346.86 -242.14 Ho: ttdtkqh (qdinh==0) = ttdtkqh (qdinh==1) z = -2.185 Prob > |z| = 0.0289 Ranksum gpmb, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 104 114 | 31 599 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -188.09 -400.91 Ho: gpmb (qdinh==0) = gpmb (qdinh==1) z = -0.499 Prob > |z| = 0.6175 Ranksum ctccq, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 116.5 114 | 31 586.5 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -317.75 -271.25 132 Ho: ctccq (qdinh==0) = ctccq (qdinh==1) z = 0.152 Prob > |z| = 0.8793 Ranksum tcpdt, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 68 114 | 31 635 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -210.37 -378.63 Ho: tcpdt (qdinh==0) = tcpdt (qdinh==1) z = -2.364 Prob > |z| = 0.0181 Ranksum tdld, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 92 114 | 31 611 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -134.47 -454.53 Ho: tdld (qdinh==0) = tdld (qdinh==1) z = -1.032 Prob > |z| = 0.3021 Ranksum ndldt, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test 133 Qdinh | obs rank sum expected -+ | 101.5 114 | 31 601.5 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -139.36 -449.64 Ho: ndldt (qdinh==0) = ndldt (qdinh==1) z = -0.589 Prob > |z| = 0.5555 Ranksum tcnhdcs, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 81 114 | 31 622 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -316.28 -272.72 Ho: tcnhdcs (qdinh==0) = tcnhdcs (qdinh==1) z = -1.998 Prob > |z| = 0.0457 Ranksum kstn, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 106 114 | 31 597 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties 589.00 -162.75 134 Adjusted variance -426.25 Ho: kstn (qdinh==0) = kstn (qdinh==1) z = -0.387 Prob > |z| = 0.6984 Ranksum ytmt, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 76.5 114 | 31 626.5 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -140.34 -448.66 Ho: ytmt (qdinh==0) = ytmt (qdinh==1) z = -1.770 Prob > |z| = 0.0767 Ranksum tctt, by (qdinh) Two-sample Wilcoxon rank-sum (Mann-Whitney) test Qdinh | obs rank sum expected -+ | 114 114 | 31 589 589 -+ Combined | 37 703 703 Unadjusted variance Adjustment for ties Adjusted variance 589.00 -417.94 -171.06 Ho: tctt (qdinh==0) = tctt (qdinh==1) z = 0.000 Prob > |z| = 1.0000 Import excel "D:\Teaching\s_ li_u hành nhà n c.xlsx", sheet ("Sheet1") firstrow clear 135 *(1 variable, 37 observations pasted into data editor) spearman X1 X2 X3 X4 X5 X6 X7 X8, stats(rho obs p) print(0.10) + -+ | Key | | -| | Rho | | Number of obs | | Sig level | + -+ | X1 X2 X3 X4 X5 X6 X7 -+ -X1 | 1.0000 | 80 | | X2 | 0.6798 1.0000 | 80 80 | 0.0000 | X3 | 1.0000 | 80 | | X4 | 0.1937 0.2173 0.4862 1.0000 | 80 80 80 80 | 0.0852 0.0529 0.0000 | X5 | -0.2652 -0.2173 0.2312 0.2020 1.0000 | 80 80 80 80 80 | 0.0174 0.0529 0.0391 0.0724 | X6 | 0.5459 0.4556 0.3074 0.2529 1.0000 | 80 80 80 80 80 | 0.0000 0.0000 0.0055 0.0236 | X7 | 0.4265 0.3751 0.2748 0.2487 0.5242 1.0000 | 80 80 80 80 80 80 | 0.0001 0.0006 0.0136 0.0261 0.0000 | X8 | 0.4211 0.2257 0.2064 0.4119 0.5573 | 80 80 80 80 80 | 0.0001 0.0441 0.0663 0.0001 0.0000 136 Appendix – D CURRICULUM VITAE Personal details Full name Birth date 07/01/1979 Le Hoang Ba Huyen Academic degree Institution & address MA Position/ title Sex: M × ; F Vice Dean Hong Duc University 505 Quang Trung, Thanh Hoa City, Thanh Hoa province, Vietnam Department/ division/ faculty Office tel (+84) 373 223378 Fax Faculty of Economic and Business Administration Mobile phone No (+84) 912222345 E-mail huyenhongduc@yahoo.com.vn Educational Qualifications Years 2000 Hanoi Institute of Finance 2008 National Economics University 03/2010 current Major/ Specialty Academic institutions Academic degree Finance Credit Finance, monetary circulation and credit Southern Luzon State University, Philippines Business (International Joint Graduate Administration Programs at Thai Nguyen University) Bachelor of Economics Master of Economics PhD Student Employment History Job Title Employer Name Officer in Finance People’s committee department of Ba Thuoc of Ba Thuoc district, district, Thanh Hoa Thanh Hoa 137 Start Country of month and Employment year Vietnam 01/09/2000 End month and year 30/08/2001 province Accountant in Duyen Ha construction company, Ha Noi Lecture in Hong Duc University province Duyen Ha construction company, Ha Noi Hong Duc University Vietnam Vietnam 01/09/2001 01/10/2003 30/08/2003 Current Research funding received No Project name Current situation and some solutions to improve management of major state budget expenditure for 135 Project of Ba Thuoc district, Thanh Hoa province Identify the scientific foundation of human resources development in Faculty of Economics and Business Administration to 2020 Current status and some presumptive tax management solutions in the Thanh Hoa city A number of measures seeking to limit motorized vehicles for insurance companies in Thanh Hoa province Funding institution & funded amount Project duration Position/ role in the project Hong Duc University 2008-2009 Project manager Hong Duc University 2007-2008 Investigator Hong Duc University 207-2008 Investigator HongDuc University 2010-2011 Investigator Publications and accomplishments No Authors L H B Huyen, Name of publication (papers, Journals/ patents, monographs) Publisher Mobilizing investment for Journal of socio – economic development Economic & in the western Thanh Hoa Development, National Economics University, No ISSN 1859-0012 5/2009, pp 44-46 L H B Huyen L H B Huyen Proposes some major solutions to enhance the rate of progress to draw the balance sheet on construction and investment for 135 projects in Ba Thuoc District To perfect the management of state budget expenses on construction and investment for 138 Journal of Finance & Business Administration No 11 0f 2009, pp 22-26 Journal of Science – Hong Duc 1859-2759 University No 4 135 project in Ba Thuoc District The result of Technology Science preferment in L H B Huyen, Department of Economic and L.T.Hanh Business Administration in Hong Duc University between 2006 and 2010 Developing cultural – ecological tourism in Pu Luong nature reserving zone in Thanh L H B Huyen Hoa province N.V.Tien, L.H.B.Huyen, L.T.Hanh, N.C.Nhung L.H.B.Huyen, Lê Quang Huy Finance – Monetary Some suggestion to financial management of 30a program in Ba Thuoc district, Thanh Hoa province Some solutions to attract foreign direct investment (FDI) in Thanh Hoa province L.H.B.Huyen, N.T.T.Xuan L.H.B.Huyen, N.T.T.Phuong, N.T Huong 10 N.T.T.Phuong, Le.H.B.Huyen, N.T.Huong 11 L.H.B.Huyen, T.D.Nghia Analyzing the factors affecting the investment of FDI companies in Thanh Hoa province Enhancing the role of internal auditing in preventing risks of foreign direct investment in Thanh Hoa province Identification of the main factors affecting the attraction of foreign direct investment 139 of 2010, pp 96102 Reported in The national Conference of the Economic University, Ha noi October 2010 Journal of Science – Hong Duc University No of 2011, pp 114119 Tex Book, published by Statistical Publishing House, Ha Noi, 2011 Journal of Economic & Development, National Economics University, No 182(II) of 2012, pp 38-44 Science and Technology Journal of Agriculture & Rural Development No 9/2012, pp 160165 Journal of Economic & Development, No 188(II) of 2013, pp 76-81 Socio – Economic information and Forecast Journal,Ministry of Planning and Investment, No.87 – March 2013, pp 33 – 37 Journal of Economic & Development, 1859-2759 1859-0012 1859-4581 1859-0012 1859 - 0760 1859-0012 into Thanh Hoa province National Economics University No 190(II) of 2013, pp 34-39 REFERENCES Dr Tran Dai Nghia Dr Nguyen Manh An Vice Director, Information Center for Agriculture and Rural Development Group leader, Climate change and Environment Institute of policy and Strategy for Agriculture&Rural Development Email: trannghiadai99@gmail.com President of Hong Duc University 565, Quang trung Street, Thanh Hoa City, Thanh Hoa province,Vietnam Email: nguyenmanhan@hdu.edu.vn Mobile phone: (+84) 903296502 Mobile phone: (+84) 945 514 735 140 141 ... Thanh Hoa Province in the period from 2001 to 2012 (2) To determine the factors affecting attraction of FDI in Thanh Hoa Province (3) To analyze the effects of FDI in the economic growth of Thanh. .. trends in FDI in Thanh Hoa Province, FDI in Thanh Hoa increased rapidly in the period from 2001 – 2012 Secondly, about the factors affect the attraction of foreign direct investment in Thanh Hoa Province... of Thanh Hoa Province FDI has a positive impact on the industrialization and modernization in Thanh Hoa province in recent years However, the current state of foreign direct investment in Thanh