Thanh “Tino” Dinh | [email protected]The Impact of Overseas Vietnamese Investment in Vietnam Summary of Key Findings (English Version) Tino Dinh MBA Class of 2010 Independent Research Project Advised by Professor Peter Rodriguez , Associate Dean for International Affairs Data as of: 3 MAR 2010 1 Copyright Pending. Not to be reprinted without permission of author. The views expressed in this report are the author’s alone and do not reflect the opinions of the University of Virginia, the Darden School of Business, nor its faculty. Please refer to the complete report for more detailed information on references, data, and insights.
14
Embed
The Impact Of Overseas Vietnamese Investment In Vietnam
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
The Impact of Overseas Vietnamese Investment in Vietnam
Summary of Key Findings(English Version)
Tino DinhMBA Class of 2010
Independent Research Project Advised by Professor Peter Rodriguez, Associate Dean for International Affairs
Data as of: 3 MAR 2010 1Copyright Pending. Not to be reprinted
without permission of author.
The views expressed in this report are the author’s alone and do not reflect the opinions of the University of Virginia, the Darden School of Business, nor its faculty. Please refer to the complete report for more detailed information on references,
The Bottom Line• Overseas Vietnamese (OV) contributions to Vietnam’s economic
growth are large and significant--est. US$8.45 BB, compared with US$16 BB in total FDI and ODA in 2009.
• Vietnam’s economy has large potential but still faces significant developmental challenges. OV investment, businesses, and knowledge transfer have the power to transform Vietnam’s economy in ways other forms of FDI cannot.
• OV investment could be even greater. However, the flow of OV capital is informal, dispersed and inefficient because of weak legal infrastructure, a lack of dedicated allocation mechanisms, and historical mistrust.
• Policy changes and innovative businesses can overcome these barriers and provide economic opportunities for Vietnamese domestically and internationally.
June 28, 2010 2Copyright Pending. Not to be reprinted without permission of author.
Intellectual capital R+D/IP, scientific expertise, mgt
know-how, educational
institutions
Undetermined Greatest potential for value-
creation, innovation exists in gap
b/w OV supply and local demand
for intellectual capital
Total $8.45 billion + Quantitatively, would make OV
the 7th largest foreign investor
(Ex. 7). Larger socio-economic
impact unquantifiable.
June 28, 2010 4Copyright Pending. Not to be reprinted without permission of author.
[1] For illustrative purposes, 10% of total recorded remittances from 2000-2009 ($39.5 billion)[2] Given more time and resources, a rough estimate could be determined by identifying all IP from overseas Vietnamese and calculating the profits that have resulted from commercializing patents, publications, etc.
June 28, 2010 Copyright Pending. Not to be reprinted without permission of author.
6
0
2000
4000
6000
8000
10000
12000
14000
16000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Est Total Remittance
ODA
FDI
• Currency represented in current US$ MM• Remittance consistently 9-10% GDP from 2002-2009• Sources: World Bank, IMF BoP Statistical yearbook, CIA World Factbook, GSO
American Chamber of Commerce-Vietnam 1992 Constitution of the SRV
Mr. Don Danh, VSVN Ash Institute-Vietnam Program. Harvard JFK School of Government
Asian Legal Information Institute
Dr. David Dapice, Ash Institute(Harvard-JFK)
National Vietnamese-American Chamber of Commerce (Viet AmCham)
Government Statistics Office of Vietnam
Prof. Le Xuan Khoa, SAIS (John Hopkins Univ)
US-Vietnam Trade Council IMF Balance of Payments Statistics Yearbook 2008
Prof. Nam Binh Tran, Univ of NSW (Austr)
Vietnamese-American NGO Network SRV Foreign Investment Agency (Ministry of Planning and Investment)
Dr. Lan Pham, Univ of Minnesota Vietnam Chamber of Commerce and Industry (SME Center)
US Census Bureau: American Community Survey 2007
Prof. Mark Sidel, Univ of Iowa Vietnam Strategic Ventures Network Vietnam National Administration of Tourism
Mr. Ivan Small, Cornell Univ World Bank Development Indicators
Mr. Markus Taussig, HBS
Mr. Dat Trinh, Levlad, LLC
June 28, 2010 Copyright Pending. Not to be reprinted without permission of author.
14
Not a comprehensive list (see full report), the following highlights key people, organizations, and sources of data that have been especially influential or helpful in completing this study