151. Investment attraction for digital economy, digital technology sector in digital transformation era from ODA investment - and comparison to FDI investment in Vietnam
- Author
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Dinh Tran Ngoc Huy, Nguyen Thanh Hoang, Tran Thi Ngoc Linh, Nguyen Tien Dung, Phan Thi Thuy, and Ta Van Thanh
- Subjects
LC8-6691 ,Digital transformation ,Invested capital ,Foreign aids ,Foreign direct investment ,International economics ,Private sector ,Investment (macroeconomics) ,Special aspects of education ,Education ,Vietnam ,Capital (economics) ,Digital technology ,Economics ,Digital economy ,Emerging markets ,Economic growth - Abstract
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.
- Published
- 2021
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