Territorial Marketing Impacts on Foreign Direct
Investment Attraction(Empirical Evidence in Nghe
An Province, Vietnam)
Authors: Thanh Cuong Dang, Thi Thao Banh, Thi Hang Trinh, Thi Viet Hoang & Thi Ngoc Han Doan
Cogent Economics & Finance
: Volume 11 issue 1 :
Publishing year: 4/2023
FDI and territorial marketing are fields of interest and research by many
scientists and managers. However, this is still a new field of science in Vietnam, both
academically and practically. The awareness of building a local image to investors,
especially foreign investors, is still limited. This has had a significant impact on
attracting FDI into many provinces of Vietnam in general and Nghe An province in
particular. Although Nghe An has issued and implemented many policies to attract
FDI, FDI attraction results are not commensurate with the potential and position of
the province. In this study, the author conducted a survey of foreign investors who
made surveys to invest in or implemented FDI projects in Nghe An. Data is primary
data which is collected from 160 foreign investors who invested or did investing
survey, then processed by exploratory factor analysis (EFA) and multiple regression
to determine the territorial marketing factors affecting the investment decisions of
foreign direct investors in Nghe An. Research results have shown that 6 territorial
marketing factors have a positive impact on the investment decision of foreign
direct investors, this will be an important foundation to propose solutions for
territorial marketing to attract FDI in Nghe An in the next coming time.