Ministry of Education and Training State bank of Vietnam Banking University Ho Chi Minh City VO VAN BINH ATTRACT CAPITAL INVESTMENT DEVELOPMENT MARINE ISLANDS ECONOMIC SOUTHERN VIETN
Trang 1Ministry of Education and Training State bank of Vietnam
Banking University Ho Chi Minh City
VO VAN BINH
ATTRACT CAPITAL INVESTMENT DEVELOPMENT
MARINE ISLANDS ECONOMIC SOUTHERN
VIETNAM
Majors: Finance – Banking No: 9.34.02.01
SUMMARY OF ECONOMIC THESIS
Ho Chi Minh City – 2020
Trang 2Ministry of Education and Training State bank of Vietnam
Banking University Ho Chi Minh City
Trang 3PAPER OF AUTHOR
Vo Van Binh (2016), The role of bank credit in the development marine economic of Vietnam Review of Finace, 9/2016, No 641
Vo Van Binh (2017), Investing development marine island economic of southern Vietnam Economic and Forecast Review, 7/2017, No 20
Vo Van Binh (2017), Situation and solutions to increase capital investment development marine island economic southern Vietnam Industry and Trade Magazine, 7/2017, No 8
Vo Van Binh (2018), Attracting capital investment
development economic in Ba Ria - Vung Tau province
National scientific conference "Mechanisms and policies to create capital sources for development of the southern key economic region Day 28.10.18
Vo Van Binh (2019), Improve the investment development
environment marine island economic of southern Vietnam
Economic and Forecast Review, 3/2019
Trang 4CHAPTER 1 INTRODUCTION OF THE STUDY
1.1 NECESSARY OF THE SUBJECT
Marine island of Souther Vietnam has an important position
in Asia, Pacific Ocean is the gateway for sea transport However, it has not brought into full play its existing potential due to objective and subjective reasons In which capital investment develop the marine island economic is a matter of concern Investment development of marine island economic has its own peculiarities therefore The capital of this field also has many differences compared to other economic sectors, it is necessary to have appropriate policies to attract investment capital to develop the marine island economic to both develop economic and guaranteed national security
From current practice, The author has chosen the topic
“ATTRACT CAPITAL INVESTMENT DEVELOPMENT MARINE ISLANDS ECONOMIC SOUTHERN VIETNAM”
to research with the desire to study situation analysis capital and capital attraction from there, propose specific solutions to increase the attraction of investment capital for the development of this field
Trang 5The author's thesis approaches the issue of attracting capital investment develop the marine island economic in specific directions such as: (1) Analysis of investment development environment the marine island economic and (2) Investment efficiency of economic development marine island economic
on the view of sustainable development and (3) Effective use
of capital investment develop the marine island economic on a macro scale In addition, the thesis limits the scope of practical research from 2010 to 2018 propose solutions to attract capital investment develop the marine island economic in the coming time
1.3 RESEARCH OBJECTIVES
Overall objectives: Solutions to attract capital investment
develop the marine island economic of southern Vietnam
Specifically objectives:
- Analyze the current situation of attracting capital investment develop the marine island economic of southern Vietnam Thereby assessing the achieved results, the limitations and the causes of the limitations in attracting capital investment develop the marine island economic southern Vietnam
- Proposing a system of solutions and proposals to attract capital investment developing the marine island economic southern Vietnam
1.4 RESEARCH QUESTION
- What is the efficiency of the capital investment develop the marine island economic of southern Vietnam today?
Trang 6- What factors of the investment environment affect the attraction of capital investment develop the marine island economic?
- What measures are needed to attract capital investment develop the the marine island economic of southern Vietnam?
1.5 OBJECT AND SCOPE OF THE RESEARCH
Research subjects: Capital investment develop the marine
island economic
Research scope:
- Scope of research content: Attract capital investment
developing the marine island economic southern Vietnam Specifically on 2 degrees: (i) Investment efficiency in development the marine island economic and (ii) The impact of factors of investment environment to attract capital investment develop the marine island economic
Scope of research space: The southern provinces of
Vietnam are adjacent to the coast, including: Ba Ria – Vung Tau, Ho Chi Minh, Tien Giang, Ben Tre, Tra Vinh, Soc Trang, Bac Lieu, Ca Mau, Kien Giang
Research time range: Secondary data: Period 2010 to 2018
Primary data: Period: 2017 to 2018
Trang 7Vietnam, the capital investment development the marine island economic are mainly from the state budget
- From the analysis of the current situation of capital investment development the marine island economic southern Vietnam, the capital investment development the marine island economic are mainly from the state budget
- Investment in the development of the marine island economic southern Vietnam is unsustainable
- The efficiency of using capital investment development the marine island economic of southern Vietnam is not high
- Through the actual survey results of 600 concern investing development marine island economic southern Vietnam Attract capital here is influenced by factors of investment environment such as: Group of policy elements; Economic factors group; Group of institutional factors The impact level
is expressed through linear regression function as follows:
Attract capital = -0,124 + 0.386 * Policy + 0.312 * Market + 0.185 * Efficiency + 0.101 * Institution + 0.049 * Resources
- The dissertation has proposed solutions to attract capital investment development marine island economic southern Vietnam, such as: improving the investment environment, enhancing the application of science and technology in investment management, attaching importance to efficiency in using capital investment
Trang 8CHAPTER 2 RATIONALE FOR ATTRACT CAPITAL INVESTMENT DEVELOPMENT MARINE ISLAND ECONOMIC
2.1 OVERVIEW OF MARINE ISLAND ECONOMIC 2.1.1 Concept of marine island economic
Resolution of the Eighth Conference the Central Executive Committee the XII Course on Strategy for Sustainable Development Marine Economy Vietnam to 2030, vision to
2045 (Resolution number 36) Development marine economic sectors, including development marine economic sectors in order of priority: (1) Marine tourism and services; (2) Marine economic; (3) Mining oil and gas and other marine mineral resources; (4) Aquaculture and fishing; (5) Coastal industry; (6) Renewable energy and new marine industries
2.1.2 Marine island economic features
Marine island economic is greatly affected by the harsh marine environment;
Investment developing marine island economic requires a huge amount of investment capital; Investment execution time
Trang 9and in the integration trend with the regional and world economies;
Develop marine island economic to strengthen the nation's strength, protect the independence and sovereignty and the whole territory of the country
2.1.3 The sectors marine island economic
(1) Marine tourism and services; (2) Marine economy; (3) Mining oil and gas and other marine mineral resources; (4) Aquaculture and fishing; (5) Coastal industry; (6) Renewable energy and new marine industries
2.1.4 The role marine island economic
Contribute development of the field marine Transportation; Contribute to economic, political - social stability; Ensuring national defense - security
2.2 CAPITAL INVESTMENT DEVELOPMENT THE MARINE ISLAND ECONOMIC
2.2.1 Concept capital investment development the marine island economic
Capital investment development the marine island economic are tangible capital (cash, assets, natural resources and human resources) and intangible capital (inventions, invent, trademarks and land location advantages belt, water surface ) used directly or indirectly development the marine island economic
2.2.2 Features capital investment development the marine island economic
- Capital investment development the marine island economic
is greatly affected by risks from the marine environment
Trang 10- Capital is sensitive to interest rates and return on investment; especially for capital raised from the private sector
- Investing development marine island economic, besides economic development, must go hand in hand with ensuring national security and defense
2.2.3 Types of capital investment development the marine island economic
Capital from the state budget
The State's development investment credit capital
Capital from credit institutions
Capital from state-owned enterprises
Private capital
Official development assistance (ODA)
Foreign direct investment (FDI)
Credit capital from international financial institutions
Capital from international financial markets
EVELOPMENT THE MARINE ISLAND ECONOMIC 2.3.1 Viewpoints attract capital investment develop the marine island economic
Attract capital investment develop the marine island economic is the application of measures and policies for investors to bring money to invest in various forms suitable to the common interests of the investors and receiving country / locality
2.3.2 Conditions to attract capital investment develop the marine island economic
Trang 11 Create and maintain the capacity for fast and sustainable
growth of the economic
For all capital investment, the efficiency factor must be
identified as the quality requirement of long-term capital
Projects using loan capital must clearly define the debt repayment responsibility and must not add to the debt burden
of being unable to pay debts
In order to enhance the efficiency of the economic, it is necessary to create an equal environment for investment
activities for all capital
Ensuring the stability of development macroeconomic
Paying attention to attracting capital investment development, including domestic and foreign capital
In addition to ensuring to attract capital, attention should be paid to the structure of capital investment development by sector and by region and locality (province / city) in a reasonable manner
2.3.4 Efficiency of investment develope marine island economic
Trang 122.3.4.1 Efficiency of investment develope marine island economic from the perspective of sustainable development
The thesis analyzes sustainable development based on 3 main pillars: Economically; Socially; environmentally
2.3.4.2 Indicators for evaluating the efficiency of investment develope the marine island economic from the perspective of
sustainable development:
Growth targets and quality of growth of the marine island economic: The growth rate in a certain period of time; VA value added
Criteria for assessing exploitation of natural resources and environmental pollution: Pollution level or level of
environmental improvement through the development of marine island economic; The level of exploitation of natural resources
Criteria for evaluation of social responsibility performance:
Number and proportion of enterprises applying measures to improve the environment and working conditions
Efficient use capital investment develope the marine island economic:
The effectiveness of investment developing the marine island economic is considered from both the investor's perspective (micro perspective) and the State's perspective (macro perspective) The thesis goes into a study to evaluate the efficiency of capital investment development marine island economic in a macro perspective
Criteria for evaluating the efficiency of using capital investment development the marine island economic at the
Trang 13macroscopic basis (from the State perspective): Investment rate of 1 km of the port (S1); The proportion of capital invested becomes assets; Exploitation coefficient; Create jobs and increase labor productivity; Contribution to economic growth (Increasing contribution to the state budget; Contribution of
development the marine island economic to GDP growth)
CHAPTER 3 CURRENT SITUATION OF ATTRACT CAPITAL INVESTMENT DEVELOPMENT THE MARINE ISLAND ECONOMIC SOUTHERN VIETNAM
ECONOMIC OF SOUTHERN VIETNAM
Location of marine island South Vietnam Marine island economic southern Vietnam
3.2 CURRENT SITUATION OF ATTRACT CAPITAL
ISLAND ECONOMIC OF SOUTHERN VIETNAM
3.2.1 Situation of capital for development investment the marine island economic southern Vietnam
3.2.1.1 Capital from the state budget
Data from the Department of Planning and Investment of the provinces adjacent to the southern coastal area show that the amount of capital investment from the state budget in the period 2010-2018 will develop in the marine island economic southern Vietnam In 2010, it was VND 15,000 billion and
2018 is VND 22,000 billion
Trang 143.2.1.2 Capital from foreign investment
In the period of 2010-2018, Vietnam has been assessed by many foreign organizations and investors as having an improved and stable business investment environment, creating a firm belief for investors Therefore, during this period, the FDI capital continuously increased from USD 3200 million to USD 7390 million
3.2.1.3 Private capital
In the period of 2010 - 2018, the total private capital in the oil and gas industry accounted for the largest proportion and ranked second is the seaport industry, followed by fisheries in the period 2010 - 2018
3.2.1.4 Capital from the State's investment development credit
In the 2010-2018 period, the total capital from the state's investment development credit tends to increase, in 2010 the total capital is 700 billion VND till 2018 reaching 1,940 billion VND The major capital for investment in building marine transport infrastructure accounts for the highest proportion, followed by aquaculture
3.2.1.5 Capital from credit institutions
In the period of 2010-2018, the amount of capital investment develope the marine island economic from credit institutions has not increased significantly (reaching VND 500 billion in 2010 and VND 1,000 billion in 2018) due to the business activities of banks In recent years, the bank has not expanded its lending to develop marine island economic in general in southern Vietnam