Literature Review on the Impacts of Foreign Direct Investment in the Emerging Economy: The Case of Vietnam

Previous literature has shown positive contributions of foreign direct investment (FDI) on the host countries’ economic development. FDI helps to transfer technological know-how and high-quality management to host countries. As a result, benefits from inward FDI include job creation, increased productivity, and higher gross domestic product (GDP). Many researchers have explored the impacts of FDI in different economic sectors such as retailing, manufacturing, banking, and general service. As a result, this study will summarize all of past researches on this topic with the focus on educational sector. This paper will have strong policy implications that can provide the government policy makers knowledge to capture the benefits of FDI in the various sectors of the economy.