Inward FDI in Vietnam’s Ocean Economy: Performance and Policy Implications for Vietnam in the New Development Context

Abstract

The ocean economy plays an important role in socio-economic development of many maritime countries. Despite its huge potential, Vietnam’s ocean economy is still modest in scale, accounting for about 5%-7% ofits aggregate GDP in recent years. This qualitative study is among the first studies on FDI in Vietnam’s ocean economy, with emphasis on factors influencing inward FDI performance in Vietnam’s selected ocean economic sectors. Moreover,
with SWOT analysis (strengths, weaknesses, opportunities, and challenges), the article provides policy recommendations for inviting effective FDI projects to the economy towards sustainable development.