Open AccessInvestment attraction for digital economy, digital technology sector in digital transformation era from ODA investment - and comparison to FDI investment in Vietnam
Author(s) -
Dinh Trần Ngọc Huy,
Tran Thi Ngoc Linh,
Nguyễn Tiến Dũng,
Phan Thi Thanh Thuy,
Ta Van Thanh,
Nguyễn Thanh Hoàng
Publication year - 2021
Publication title -
laplage em revista
Language(s) - English
Resource type - Journals
ISSN - 2446-6220
DOI - 10.24115/s2446-6220202173a1425p.427-439
Subject(s) - foreign direct investment , gross private domestic investment , investment (military) , gross fixed capital formation , economics , capital (architecture) , capital formation , foreign capital , real gross domestic product , international economics , economy , monetary economics , return on investment , market economy , human capital , macroeconomics , open ended investment company , production (economics) , financial capital , political science , history , archaeology , politics , law
Our study will make an examination of the relationship between official development assistance (ODA), Foreign Direct Investment (FDI) and economic growth (GDP) in an emerging economy such as Vietnam. Regarding to methods, authors use statistics, quantitative combined with qualitative analysis. However, in the long run, although GDP has a vague effect on ODA, on the contrary, ODA put a big (significantly) effect on GDP, at the beginning of the fifth year, the relationship is not clear between ODA and GDP to promote itself increase or decrease. Foreign aid also affects the growth of nations (negatively) and, over periods, positively contributes to economic growth. Last but not least, it must be confirmed that ODA is an extra capital source for investment in development of socio-economic infrastructure and a catalyst for other investment sources such as FDI and investment capital private sector.