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The Role of Foreign Direct Investment in Boosting Tourism Development: A Study of Vietnam for 1990–2020 Interval

In: Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 1

Author

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  • Thao Thi Phuong Hoang

    (University of Pécs
    Yersin University)

Abstract

The vital purpose of this research is to use the ARDL model in order to determine the relationship between foreign direct investment (FDI) and tourism development in Vietnam from 1990 to 2020. The outcomes reveal that tourism development and FDI have a positive short-term and long-term interaction. In other words, FDI strongly causes tourism development in this study interval. This paper supports policymakers to perfect the development strategy for Vietnam's tourism industry. Apart from creating a favorable business environment to attract more FDI to the tourism industry in the future, it is also necessary to improve the efficiency of using this FDI capital to increase its contribution to tourism growth.

Suggested Citation

  • Thao Thi Phuong Hoang, 2023. "The Role of Foreign Direct Investment in Boosting Tourism Development: A Study of Vietnam for 1990–2020 Interval," Springer Books, in: An Thinh Nguyen & Thu Thuy Pham & Joon Song & Yen-Ling Lin & Manh Cuong Dong (ed.), Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 1, pages 59-73, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-9669-6_4
    DOI: 10.1007/978-981-19-9669-6_4
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