Foreign Direct Investment in Hanoi's Service Sector - Current Situation and Solutions

CONCLUDE

In recent times, FDI has breathed new life into Hanoi's service industry through technology transfer and training. FDI has contributed to enriching tourism infrastructure, creating jobs for thousands of workers, increasing foreign currency revenue and contributing to the city budget... Large, splendid hotels, shopping malls, and office-apartment complexes have truly brought a new face to cities across the country, standing shoulder to shoulder with modern cities around the world.

However, besides the above positive aspects, FDI in the service industry still has many limitations, the amount of investment capital tends to decrease, the investment structure is unreasonable, the efficiency of investment projects is not high, many projects have to withdraw investment licenses or temporarily stop implementing operations. The underlying cause of the above phenomenon is that the investment environment in Hanoi in the service sector is not yet favorable. Therefore, in the coming time, we must further improve the investment environment, creating a favorable investment environment that is competitive compared to other countries in the region and in the world. Within a limited framework, the thesis focused on solutions to improve the investment environment in general and some specific solutions for Hanoi's service industry such as building a plan for service industry development, promoting investment promotion activities, enhancing training of the workforce in the service industry, etc.

With improvements in Hanoi's investment environment and the objective recovery of economies in the region, we can fully hope that FDI in Hanoi's service industry will grow strongly again, contributing to the construction and development of the service industry in particular and the entire economy in general.

Maybe you are interested!

Due to limited research time and level, the thesis inevitably has errors. We look forward to receiving corrections from teachers and friends to make the article more complete.

LIST OF REFERENCES

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2001

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III. Websites

1. Ministry of Planning and Investment: www.mpi.gov.com

2. Hanoi Department of Planning and Investment: www.hapi.org.vn

3. www.vietnamnet.vn

4. General Statistics Office www.gso.gov.vn

5. Vietnam National Administration of Tourism www.vietnamtourism.com

6. Foreign investment information portal - Vietnam Economic Times: www. gda.com.vn.

7. www.nguoilanhdao.com.vn

8. www.cafeF.vn

9. Ministry of Industry and Trade: www. moit.gov.vn

INDEX

LIST OF ABBREVIATIONS 0

INTRODUCTION 2

CHAPTER I: OVERVIEW OF FOREIGN DIRECT INVESTMENT AND SERVICE INDUSTRY 4

I. OVERVIEW OF FOREIGN DIRECT INVESTMENT (FDI). 4

1. CONCEPT 4

2. CHARACTERISTICS OF FDI 5

3. FDI CLASSIFICATION 6

3.1 BY FORM OF INFILTRATION 6

3.2. BY LEGAL FORM 7

3.3 BY INVESTMENT PURPOSE 8

3.4 BY INDUSTRY AND FIELD BETWEEN INVESTORS AND INVESTMENT RECEIVER 9

3.5 BY INVESTMENT FIELD 9

4. FACTORS AFFECTING FDI ATTRACTION 9

4.1 FACTORS RELATED TO FOREIGN INVESTORS

.......................................................................................................... 10

4.1.1 DEVELOPMENT STRATEGY AND INVESTMENT STRATEGY OF INVESTORS 10

4.1.2 ECONOMIC POTENTIAL OF INVESTORS 10

4.1.3 INVESTOR'S BUSINESS CAPACITY 11

4.2 FACTORS BELONGING TO THE INVESTOR'S COUNTRY 11

4.3 FACTORS BELONGING TO THE RECEIVING COUNTRY ... 11

4.3.1 CONCEPT OF INVESTMENT ENVIRONMENT (MTĐT) 12

4.3.2 ELEMENTS OF MTDT 12

5. IMPACT OF FDI 16

5.1 FOR INVESTING COUNTRIES 16

5.1.1 POSITIVE IMPACT 16

5.1.2 NEGATIVE IMPACTS 17

5.2. FOR THE INVESTMENT RECEIVING COUNTRY 17

5.2.1 POSITIVE IMPACT 17

5.2.2. NEGATIVE IMPACTS 19

II. OVERVIEW OF SERVICE INDUSTRY 21

1. CONCEPT 21

2. CHARACTERISTICS 21

3. CLASSIFICATION 22

3.1 BY SERVICE USER 22

3.2 ACCORDING TO THE CONTENT AND NATURE OF THE SERVICE 23

3.3 BY STAGE IN THE PRODUCTION PROCESS 23

3.4 BY INDUSTRY 23

4. FACTORS AFFECTING THE SERVICE INDUSTRY 23

5. THE ROLE OF THE SERVICE INDUSTRY IN THE ECONOMY 27

III. EXPERIENCE IN ATTRACTING FDI IN SERVICES OF SOME ASIAN COUNTRIES 27

1. CHINA 28

2. SINGAPORE 29

3. THAILAND 31

4. LESSONS LEARNED FOR VIETNAM 33

CHAPTER II: CURRENT STATUS OF FDI IN THE SERVICE SECTOR OF HANOI 35

I. OVERVIEW OF HANOI 35

1. NATURAL ELEMENTS 35

2. POLITICAL - SOCIAL FACTORS 37

3. HUMAN RESOURCE FACTORS 38

4. INFRASTRUCTURE AND MATERIAL SYSTEM 38

5. CULTURAL FACTORS 39

6. GENERAL ASSESSMENT 40

6.1 ADVANTAGES 41

6.2 LIMITATIONS 41

II. CURRENT SITUATION OF FDI IN HANOI 42

1. OVERVIEW OF FDI ATTRACTION SITUATION IN THE COUNTRY 42

1.1. SCALE OF INVESTMENT CAPITAL 42

1.2. BY FDI STRUCTURE 43

1.2.1 INVESTMENT CAPITAL STRUCTURE BY INDUSTRY 43

1.2.2 BY TERRITORY 44

1.2.3 BY INVESTMENT PARTNER 45

1.3 BY INVESTMENT FORM 46

2. CURRENT STATUS OF FDI IN HANOI IN THE PERIOD 1991-2007 47

2.1. INVESTMENT CAPITAL SCALE 47

2.2. INVESTMENT CAPITAL STRUCTURE 48

2.2.1. BY INVESTMENT FIELD 48

2.2.2. BY INVESTOR COUNTRIES 49

2.2.3. BY INVESTMENT FORM 51

3. GENERAL COMMENTS 52

3.1 RESULTS 52

3.2 LIMITATIONS 54

III. SITUATION OF FDI ATTRACTION IN SERVICE SECTOR OF HANOI 54

1. OVERVIEW OF HANOI'S SERVICE INDUSTRY 54

2. CURRENT STATUS OF FDI IN VIETNAM'S SERVICE SECTOR 56 2.1. SCALE OF INVESTMENT CAPITAL 56

2.2 INVESTMENT STRUCTURE 57

2.2.1 BY INVESTMENT FIELD 57

2.2.2 BY INVESTOR COUNTRY 58

2.2.3. BY LOCATION 63

2.3 .BY INVESTMENT FORM 64

3. CURRENT STATUS OF FDI ATTRACTION IN SERVICE SECTOR OF HANOI 65

3.1. INVESTMENT CAPITAL SCALE 65

3.2. INVESTMENT STRUCTURE 66

3.2.1 BY INVESTMENT FIELD 67

3.3 BY INVESTMENT FORM 72

4. GENERAL ASSESSMENT 74

4.1. RESULTS ACHIEVED 74

4.2. LIMITATIONS AND CAUSES 75

4.2.1 LIMITATION 75

4.2.1.1 IMBALANCE IN INDUSTRIES AND TERRITORIES 75

4.2.1.2 LABOR DISPUTES IN THE FOREIGN INVESTMENT SECTOR HAVE NOT BEEN RESOLVED IN A TIMELY 76

4.2.1.3 WEAKNESS IN TECHNOLOGY TRANSFER 77

4.2.1.4 LAND 78

4.2.1.5 FINANCIAL POLICY 78

4.2.1.6 ADMINISTRATIVE PROCEDURES 78

4.2.1.7 INFRASTRUCTURE 79

4.2.2 CAUSE 79

CHAPTER III: PROSPECTS AND SOME SOLUTIONS TO ENHANCE FDI ATTRACTION IN THE SERVICE SECTOR OF HANOI 81

I. FDI TRENDS IN THE WORLD IN THE COMING TIME 81

II. PROSPECTS OF ATTRACTING FDI INTO HANOI'S SERVICE SECTOR

.......................................................................................................... 82

1. FDI PROSPECTS IN VIETNAM 82

2. SERVICE DEVELOPMENT ORIENTATION 83

2.1 DEVELOPMENT ORIENTATION OF VIETNAM'S SERVICE INDUSTRY 83

2.2. ORIENTATION FOR DEVELOPMENT OF HANOI'S SERVICE INDUSTRY

.......................................................................................................... 88

3. PROSPECTS OF ATTRACTING FDI INTO THE SERVICE SECTOR OF HANOI 89

Foreign Direct Investment in Hanoi's Service Sector - Current Situation and Solutions - 14

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