Factors Affecting the Green Economy Based on the Attraction of Foreign Direct Investment in the Context of Climate Change, Vietnam

IF 1.2 Q3 ECONOMICS

Montenegrin Journal of Economics Pub Date : 2023-01-15 DOI:10.14254/1800-5845/2023.19-1.3

Pham Tien Dat, Thi Thuy Hang Le

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引用次数: 0

Abstract

The complicated developments of the Covid-19 pandemic have made enterprises' investment and business cooperation activities in general, and foreign direct investment (FDI) enterprises face many challenges and risks in particular. In Vietnam, foreign direct investment plays a vital role in socio-economic development. Realized FDI capital increased on average annually and accounted for over 25% of the total recognized investment capital of the whole society;the average GDP share of the foreign-invested sector accounts for more than 20% annually in the total GDP of the whole economy;attracting nearly 5 million workers. However, Vietnam has faced environmental and social consequences of developing the brown economy. Countries have gradually transitioned to a green economy - an economy that cares about happiness, social justice, and the environment in addition to other benefits and economic goals. Vietnam is no exception to this trend. Thus, the article's purpose is to analyze the key factors affecting the attraction of foreign direct investment (FDI) for the green economy of Vietnam and recommendations for green economic development in Vietnam. Besides, the authors applied quantitative methods processed by SPSS 20.0 and Amos software based on surveying 700 foreign investors with descriptive statistical tools, measuring scales with Cronbach's Alpha, exploratory factor analysis (EFA), confirmatory factor analysis (CFA), structural equation modeling (SEM). The article's findings have three key factors affecting the attraction of foreign direct investment (FDI) for the green economy of Vietnam, with a significance of 1.0 percent. Three factors include investment policy (IP), Investment environment (IE), and quality of human resources (QHR). Finally, the study's value is to help policymakers and leaders of provinces and cities improve capital attraction efficiency and contribute to green economic growth in climate change and international integration.

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越南气候变化背景下基于吸引外国直接投资的绿色经济影响因素

新冠肺炎疫情的复杂发展使企业的投资和商业合作活动总体上呈上升趋势，特别是外国直接投资企业面临许多挑战和风险。在越南，外国直接投资在社会经济发展中发挥着至关重要的作用。已实现外商直接投资资本年均增长，占全社会已确认投资资本总额的25%以上；外商投资部门的国内生产总值平均每年占整个经济体国内生产总值的20%以上；吸引了近500万名工人。然而，越南面临着发展棕色经济的环境和社会后果。各国已逐步过渡到绿色经济，这种经济除了关心其他福利和经济目标外，还关心幸福、社会正义和环境。越南也不例外。因此，本文的目的是分析影响越南绿色经济吸引外国直接投资的关键因素，并为越南绿色经济发展提出建议。此外，作者采用SPSS 20.0和Amos软件处理的定量方法，使用描述性统计工具对700名外国投资者进行了调查，采用Cronbach’s Alpha量表、探索性因素分析、验证性因素分析和结构方程建模。文章的研究结果有三个关键因素影响外国直接投资对越南绿色经济的吸引力，显著性为1.0%。三个因素包括投资政策（IP）、投资环境（IE）和人力资源质量（QHR）。最后，该研究的价值在于帮助省市的政策制定者和领导人提高资本吸引效率，并在气候变化和国际一体化中为绿色经济增长做出贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Montenegrin Journal of Economics ECONOMICS-

CiteScore

3.90

自引率

0.00%

发文量

审稿时长

17 weeks

期刊介绍： “Montenegrin Journal of Economics” is an international scientific periodical, issued by NGO “Economic Laboratory for Transition Research” (ELIT) Podgorica, Montenegro. It publishes theoretical, empirical and applicative articles from all the areas of Economics. The journal is issued four times a year. Montenegrin Journal of Economics aspires to educate the widest public on contemporary research and achievements in various areas of economics and to expend the boundaries of economic knowledge. Montenegrin Journal of Economics aims to publish innovative, straightforward, challenging, analytical and review articles on economic phenomena, events and changes . The journal''s content aspires to be actual, relevant and interesting to a wide readership of economic specialties,. This includes publishing the articles of authors from various universities and schools of economics worldwide and their mutual cooperation. Areas of research include, but are not limited to, the following: Economic Theory, International Economics, and Transition Issues.