The evolving investment climate in Vietnam and subsequent challenges to foreign investors
Version of Record online: 3 JAN 2001
Copyright © 2000 John Wiley & Sons, Inc.
Thunderbird International Business Review
Volume 42, Issue 6, pages 735–754, November/December 2000
How to Cite
Shultz, II, C. J., Speece, M. and Pecotich, A. (2000), The evolving investment climate in Vietnam and subsequent challenges to foreign investors. Thunderbird Int'l Bus Rev, 42: 735–754. doi: 10.1002/1520-6874(200011/12)42:6<735::AID-TIE7>3.0.CO;2-K
- Issue online: 3 JAN 2001
- Version of Record online: 3 JAN 2001
Executive Summary Vietnam's evolving reform process is gaining momentum. Vietnam's Communist Party, however, continues to maintain strong control over economic affairs. Foreign companies with commercial expectations typically are forced into partnership with State instruments responsible for implementation of economic policy. Conflict is inevitable and many difficulties between the partners can be traced to fundamental differences in motivation between foreign investors and Vietnamese authorities. The authors analyze official policy statements and historical trends, examine some Joint Ventures to provide insights into the nature and source of these conflicts, and conclude with a discussion and implications for managers and foreign investors. © 2000 John Wiley & Sons, Inc.