A study on the factors affecting the investment environment of Ba Ria

ABSTRACT:

This study examines the factors affecting the investment environment of Ba Ria - Vung Tau Province’s industrial parks. This study is expected to help the province’s authorities find out solutions to improve the local investment environment and attract more domestic and foreign investors to invest into Ba Ria – Vung Tau Province. This study consists of 6 parts, namely (1) An overview on investment, (2) Some theories of investment, (3) An assessment about the current investment environment, (4) An assessment about the factors affecting the investment environment, (5) Solutions to attract more investment into the industrial parks and (6) Conclusions.

Keywords: investment, factor, environment, industry, quality.

1. An overview on investment

Ba Ria - Vung Tau is a province in the South East, which connects the South Central, the South and the South East and belongs to the Southern Key Economic Zone (NEEC); The province's natural area is 1,987 km2; The population is nearly 1.1 million. Ba Ria - Vung Tau has a relatively convenient traffic system, national highways 51 and 55 linking the Central Highlands, the South West, Cambodia and major economic centers of the South such as Binh Duong and Dong Nai. Ho Chi Minh City (HCMC) - 80 km away; Rich soil: high and fairly flat terrain, hard soil, fertile soil suitable for the development of industrial plants, construction materials, industry - especially the processing industry. With its position Ba Ria - Vung Tau has the advantage of developing industrial parks (IPs) to support the city development center. Ho Chi Minh City and the whole country.

Up to now, Ba Ria - Vung Tau has 15 industrial zones with total area of 8,706.77 hectares, of which 9 have been put into operation (4 have occupied more than 90% of area), 6 industrial zones Infrastructure investment and compensation for ground clearance are being implemented. The total leasable area of 15 IZs is 5,847.44 hectares, of which the leased area in IZs is 2,144.69 hectares, reaching the occupancy rate of 36.68%. If the 9 IZs are invested in infrastructure and ready to attract secondary projects, the occupancy rate will be 66.66% (1,858.38 ha / 2,787.87 ha). Therefore, how to attract businesses (DNs) investing in IPs in particular and BRVT in general is always a top concern of the leadership of the People's Committee of BRVT to carry out the process of industrialization and strategic Socio-economic development of the province. In order to attract investors to invest in industrial zones, it is necessary to find out the investment environment, investment environment factors which affect the ability to attract investment in industrial zones from which to find attractive solutions. effective investment.

2. Some theories of investment

Investment is an activity that depends on a lot of factors and there are now a lot of theories with different views on investment. However, to look at the investment performance of a business in a certain locality, we consider the theory of investment and investment environment; and when local views are a brand, we consider local marketing theories, local competitiveness, and quality public services.

2.1. Theories of international investment and investment

So far, economists around the world have studied and summarized a number of theoretical explanations for the investment process and international investment movement. However, in the history of investment is a relatively complex process and fluctuations from time to time. Therefore, each theory has its strengths and limitations and no theoretical solution to solve all aspects of the investment process.

Hymer (1960), quoted in Pham To Mai (2008) argue that the existence of multinationals is based on market imperfections as imperfect structures and imperfect transaction costs. The imperfect market structure will help monopolies create market power. The imperfect transaction costs provide an opportunity for monopolies to make profits through the use of "internal markets" instead of outside transactions. Research on the imperfect structure of the market - Industrial theory argues that when investing abroad, foreign direct investment (FDI) enterprises are much more costly and risky than their counterparts. In order to compete with these enterprises, FDI enterprises must have the advantages to make up for these additional costs. That advantage is monopoly power in a number of areas such as: size, knowledge, product differentiation, product branding, technology, distribution network and marketing skills, accessibility to cheap capital. The study of transaction costs is not perfect - the theory of internalisation suggests that the localization of transactions through FDI is more profitable than transactions through the market. The benefits of FDI include saving time for licensing negotiations, avoiding uncertainties in negotiation and the risk of lack of trust among partners, minimizing the impact of the government through price discrimination and price discrimination, Pham To Mai (2008).

Paul Krugman (1991), quoted in Linh Vu (2009), proposed a new economic geography theory in which firms tend to locate their production in crowded "centers" of populations and capital, for taking advantage of economies of scale. But this will lead to the population - both the labor and the consumer - will move to these "centers" as there is greater scale advantage, which also means that prices Both cheaper and more diversified products. Concentration limitation is the cost of shipping. The cost of shipping to consumers will be high if the firms are concentrated in a certain area of the country. Therefore, the decision to choose the production sites of the firms depends on the correlation between taking advantage of economies of scale and saving transportation costs. Reducing transportation costs will lead to centralization and urbanization.

2.2. Theories of investment environment

According to the world bank (2004), in Nguyen Trong Hoai (2007), the investment environment is a combination of local characteristics that are shaping the opportunities and motivation for businesses to invest effectively, create jobs make and expand production. The combination of these particular elements consists of two main components: local policy - soft infrastructure - and other factors related to market size and geographic advantage - hard infrastructure . These two components will affect three aspects of the investor: the opportunity cost of the investment, the level of risk in the investment and the barriers to competition in the investment process. Based on these three considerations, investors will identify opportunities and incentives to invest in a particular location. In recent years, a number of international donors and research institutions working in the field of private sector development in Vietnam have undertaken a number of studies to identify and evaluate the motivational factors. constraining local economic growth. Studies have shown that there are large differences in the business environment and the gap in economic growth, particularly in the private sector, between different provinces and regions. This difference is due in part to the fact that different localities have different conditions for hard infrastructure such as natural conditions, access to markets, financial resources and human resources. However, the results of these studies show that the local government and the legal environment of each locality are important factors that lead to differences in the competitiveness of different localities in the collection process. invest capital. When choosing an investment location, investors are interested in a variety of factors; However, it can be classified into two categories: Hard infrastructure is a measure of value and more or less objective. For example, for a province in Vietnam, it is the distance to major economic centers, seaports; infrastructure; level of people's knowledge and skills. These are the factors that need time and money to improve. Soft infrastructure is the element that represents the proactive characteristics of a locality in the process of creating a liberal policy environment. Local marketers can use these elements as guides to improve the appeal of target markets such as tourists, investors, and high-level human resources. Unlike hard infrastructure, soft infrastructure requires a great deal of leadership from local managers, a leadership philosophy that will take the lead in planning investment policies. stagnation or impulse. The change of a leadership philosophy is primarily dependent on ideology and not on financial resources.

2.3. Theories of quality, quality of service and customer satisfaction

Improving the quality of the investment environment in a locality is a key factor for attracting investment into that locality and as a competitive element between localities. The concept of quality usually depends on the user. Quality can be viewed as a dynamic goal, dynamically changing according to circumstances. According to the International Organization for Standardization (ISO), quality is all the characteristics of an entity, giving the entity the ability to meet published or latent needs. Thus, it can be said that quality is the collection of the inner attributes of things, the phenomena that give them distinct characteristics that satisfy their desires.

In general, the definition of service quality is what consumers perceive - in this study the customer is the investor and the local investor is the investment service. Every customer often feels different in quality and therefore the engagement of customers in the development and evaluation of service quality is very important. In the service sector, quality is a function of customer perception. In other words, the quality of the service is determined by the perceptions or perceptions of the customer in relation to their individual needs [8].

Parasuraman (1985), quoted in Pham Thi Minh Ha (2008), provides the SERVQUAL model with five components of (1) reliability: demonstrated by the ability to perform appropriate service and at the right time for the first time, the capacity of the staff to execute the promises correctly; (2) response: expressed by the willingness and willingness of the staff to provide timely service to the customer; (3) capacity to serve: demonstrated through professional qualifications and service with customers; (4) empathy: showing the care of individual customers; (5) tangible means: including physical assets, equipment.

There are different views on customer satisfaction. Oliver (1997), quoted in Pham Thi Minh Ha (2008) defines customer satisfaction.

3. An assessment about the current investment environment

3.1. Situation of investment attraction

In recent years, the province has made great efforts to improve the investment environment, paying special attention to the investment in infrastructure, the reform of administrative procedures, the deployment of human resources training, to overcome difficulties for investors, carry out investment promotion programs inside and outside the country, etc., in order to create favorable conditions for attracting more and more large scale investment projects , thereby creating more resources for development, contributing to economic restructuring towards increasing the proportion of industry and services. In order to attract investment, the province has implemented the following tasks:

First and foremost, to implement the planning work by sector, area and area to attract investment in areas and areas suitable with the potential, development advantages and ensure the requirements of sustainable development.

Secondly, the orientation to selectively attract investment projects in the area, thus attaching importance to attracting investment in line with the planning and policy of moving and restructuring the economy; Large-scale projects, modern technologies, spillover effects, ensuring environmental protection standards; Priority should be given to attracting some of the province's advantages, such as logistic services, mechanical engineering, petrochemicals, discouraging energy-intensive projects, and wasteful use of resources. raw and labor intensive.

Thirdly, to promptly and fully implement preferential policies and investment incentives according to regulations. The province focuses on supporting solutions, creating favorable conditions for investment activities.

Fourthly, to step up the reform of administrative procedures, to implement the "one-stop shop, on-the-spot" mechanism in the implementation of investment procedures in order to step by step improve the open and friendly investment environment. White. Regular dialogue with investors to timely support, remove difficulties and obstacles in the investment and business activities of enterprises, especially in the compensation and ground clearance.

Fifthly, focus on investment in technical infrastructure connecting roads, water supply and drainage, electricity supply and communication systems to support investors.

Sixthly, focus on the development of human resources, especially in the field of supporting industries, logistics services, tourism services.

As a result, in Ba Ria - Vung Tau province, 297 FDI projects with total registered capital of US $ 27 billion and 442 domestic investment projects with a total registered capital of over 240 trillion VND have been registered. Investment capital plays an important role in the socio-economic development of the province. Annual investment capital of domestic and foreign investment projects accounts for 80% of total capital. private development in the area. A number of transnational economic groups have invested and co-operated with the development of the province over the years such as Kyoei, Nippon, Sumitomo, Itochu, Mitsubishi, Posco, ACDL, CJ, Lotte and BP.

Foreign direct investment projects come from more than 20 countries and territories, of which the United States is the largest investor in the province, with registered capital of $ 5.4 billion, accounting for 20 % of total FDI; Canada ranked second ($ 4.2 billion, accounting for 15.5% of total registered capital); followed by Thailand, Korea, Japan, the Netherlands, Singapore, Taiwan, England and France.

Many large-scale industrial projects, seaports, trade centers, etc. have been put into operation with modern technology such as Posco SS Vina Steel, China Steel Steel, specialized NSG, rare chemical production, aluminum shaping, CMIT Port, Tan Cang - Cai Mep International Port, has become a driving force for economic growth and economic restructuring. the spread of capital, technology, management level, labor skills and promote production and business with high development level.

3.2. Current status of investment in Ba Ria - Vung Tau industrial zones

Up to now, Ba Ria - Vung Tau has 15 industrial zones with total area of 8,706.77 hectares, of which 9 have been put into operation (4 have occupied more than 90% of area), 6 industrial zones Infrastructure investment and compensation for ground clearance are being implemented. The total leasable area of 15 IZs is 5,847.44 hectares, of which the leased area in IZs is 2,144.69 hectares, reaching the occupancy rate of 36.68%. If the 9 IZs are invested in infrastructure and ready to attract secondary projects, the occupancy rate will be 66.66% (1,858.38 ha / 2,787.87 ha).

3.3. Current status of infrastructure investment in industrial zones

Technical infrastructure of industrial parks is quite complete, ready to welcome investors. The province has 15 Industrial Zones with a total area of 8,706 hectares. Most of the Industrial Zones are located near the Cai Mep - Thi Vai port system, which makes it convenient for international trade. In industrial parks attracted more than $ 13 billion, the occupancy rate was nearly 36.68%.

The Prime Minister has agreed to select Phu My 3 IP as a specialized industrial zone, comprising four main sub-zones: supporting industrial parks, heavy industry zones, port and logistics zones and utility services.

Ba Ria - Vung Tau industry has a relatively complete structure with the presence of many industries such as energy, metallurgy, chemicals, construction materials, NPK fertilizer, ceramic tiles, PVC seafood processing and petroleum-based industries (gas processing, electricity and protein production) are industries that create important conditions for development. many other industries of the province. Some industrial products such as steel, plastic, petrochemical, mechanical, etc. have become industrial inputs to develop other industrial products.

The Ho Chi Minh City - Long Thanh - Dau Giay expressway has shortened the travel time from Ho Chi Minh city to Cai Mep - Thi Vai port and Ba Ria - Vung Tau industrial zones by 01 hour.

3.4. Investment policies of Ba Ria - Vung Tau

3.4.1. Regarding industry

To prioritize the investment in industrial parks in the province in the following fields:

a/ Using high technologies on the list of high technologies prioritized for development investment, promulgated together with the Prime Minister's Decision No. 66/2014 / QD-TTg of November 25, 2014.

b/ Development of supporting industries: To invest in projects in the electronics, mechanical engineering and hi-tech supporting industries according to the list of priority industrial development aid products. Decree No. 111/2015 / ND-CP dated November 3, 2015 of the Government on development of supporting industries and priority industries in Vietnam's industrialization strategy under the framework of Vietnamese cooperation South - Japan towards 2020, vision to 2030 (electronics, agricultural mechanics, agricultural product processing, new materials production, environment and energy saving, automobile and spare parts production the Decision No. 1043 / QĐ-TTg dated 01/7/2013 of the Prime Minister.

c/ Investment in the field of information technology, production of hardware and software products.

3.4.2. Regarding tourism

High-end tourism investment projects; tourism and entertainment projects.

3.4.3. Regarding agriculture

Projects on production of clean and high-tech agricultural products.

3.4.4. Regarding other fields

a) Investment in transport routes in the form of PPPs connecting to seaports, logistics services.

b) Training human resources in supporting industries and logistics services.

c) Projects in the field of logistics services.

d) Investment projects under the socialization policy.

+ To promulgate a list of projects calling for conditional investment

+ To promulgate a list of projects of temporary suspension of investment attraction

3.5. Mechanisms and policies to attract investment

Ba Ria - Vung Tau is located in the Southern key economic zone, with the advantages of deep seaport, industrial and tourist development, and convenient transport infrastructure. These are important conditions for attracting investment and mobilizing resources for socio-economic development.

In recent years, the province has made great strides in improving the investment environment, paying special attention to the reform of administrative procedures, investment in infrastructure, the deployment of human resources training, set up the Japan and Korea team to support and attract investors from Japan, South Korea and also other countries. The policies attracted investment in recent years shown on the following:

To carry out the planning work by branches, domains and geographical areas in order to contribute to orienting the attraction of investment in geographical areas and areas suitable to the potential and development advantages and ensuring the requirements for sustainable development. .
Orientation to selectively attract investment projects in the area, thereby encouraging investment attraction associated with the planning and policy of transfer, economic restructuring; To focus on big economic groups with modern technologies, meeting the environmental protection standards; Priority should be given to attracting some of the province's advantages, such as logistic services, mechanical engineering, petrochemicals, discouraging energy-intensive projects, and wasteful use of resources. raw and labor intensive.
To promptly and fully implement the preferential policies and investment incentives according to regulations. The province focuses on supporting solutions, creating favorable conditions for investment activities.
To attract investment with the reform of administrative procedures, to implement the "one-stop, on-the-spot" mechanism in implementing investment procedures in order to step by step improve the open and friendly investment environment. and transparent.
Regular dialogue with investors to timely support and remove difficulties and problems in investment and business activities of enterprises, especially in the compensation and ground clearance.
Focus on investment in technical infrastructure: roads, water supply and drainage, stable supply of electricity and information and communication systems to support investors.
Focus on human resources development, especially in the field of supporting industries, logistics services, tourism services.

In order to improve the efficiency of attracting investment, the investment attraction should meet the following criteria: Quantity effect: increase output, export growth; Impact on quality: raising added value, increasing productivity, transferring technology; Less pollution of the environment, potential to expand the connection between enterprises in the area through the supply of inputs and outputs; To step by step form a number of branches based on the province's strengths; And create new advantages for the province, reduce dependence on heavy industries, shift to high value added and less energy.

4. An assessment about the factors affecting the investment environment

Measurement factors:

Investment Infrastructure: is a basic and necessary element for the business of any company. These factors include basic infrastructure such as electricity, water, transportation, premises and technical infrastructure such as communications and the banking system. The infrastructure factors measured by the six observed variables are: 1- The power supply system meets the requirements; 2- Water supply and drainage system; 3 - Convenient communication; 4. Convenient transportation; Satisfied plan; and 6- banking system to meet production and business activities.

Investment policy regime: includes elements of investment incentives; The government is active in supporting enterprises to invest in administrative, legal and tax procedures; Clear and transparent documents and policies are quickly deployed to enterprises so that public officials can not profit or harass enterprises. The investment policy factors measured by five variables of observation are: 1. Dynamic local leadership in supporting enterprises; 2- Law documents are quickly deployed to enterprises; 3. Attractive investment incentive policies; 4 companies will still invest if local policies are not attractive; and 5 - clear tax system.

Living and working environments: including cultural, educational, health, quality of living environment, play, living, harmony and affordable housing that represents a quality living environment. and suitable for investors and workers to be able to operate efficiently and stick with the locality. The living and working environment factors measured by seven variables of observation are: 1- The school system meets the needs; 2- The health system meets the demand; 3- The environment is not polluted; Points of interest entertainment; 5- People friendly; 6- Reasonable living expenses; 7- Disagreements between workers and enterprises are satisfactorily resolved (called settlement of disagreements).

Investment advantage of enterprises: Enterprises invest in localities to take advantage of the industry. The advantage is that it is close to the main raw material market for production or near the main consuming market, close to the trading partner to reduce transportation costs, increase linkage or compete with major competitors to maintain. presence, market share. Equity factors measured by the four observed variables are: 1- Convenience of key materials for production; 2. Convenience of main consumption market; Close proximity to trading partners (primary distribution or supply); 4- Market competition with major competitors.

Quality of public services: A good quality public service provider can easily comply with state policies, saving time and money in resolving the administrative procedures required in investment and production as well as benefit from the support of the State in the areas where the state has advantages and enterprises are difficult to reach. In order to attract investment, Ba Ria - Vung Tau needs to provide investors with quality public services such as fast customs procedures; support import-export information, advertising; Industrial property; promotion. Elements of public service quality are measured by four observation variables: 1. Simple, quick administrative procedures; 2- The local government should support the company as needed; 3- Effective export-import assistance; 4- Trade promotion and trade promotion centers have good support for enterprises.

Local brand: can be considered the satisfaction of investment customers for the locality. Enterprises will be satisfied with the locality when they operate effectively in that locality. An enterprise can be considered to be effective when the objectives it has achieved as desired. The two most important goals are the growth of sales and profitability. Investors often look for branded locations to invest because they can save money on the investment environment and avoid risks. Local brand factors measured by 4 variables are: 1- Ba Ria - Vung Tau is an impressive investment brand; 2- I think Ba Ria - Vung Tau is the destination of investors; 3- I think many people have invested successfully in Ba Ria - Vung Tau and I want to be like them; 4- I invest here simply because I want to invest in Ba Ria - Vung Tau.

Human resources: is an important factor that a business must consider when deciding whether to invest in the local or not. The abundant and cheap human resources are attractive factors to attract enterprises with low technology and labor intensive; skilled labor and discipline appropriate for industrial production lines; and especially management workers, technical workers with foreign languages work for foreign investment enterprises. A local with abundant human resources, diversity is always attractive factors for investment companies. Elements of human resources measured by 6 observation variables are: 1-Vocational training schools meet the requirements of enterprises; 2-The abundant labor force is plentiful; 3-Highly disciplined labor; 4-Ability to acquire and apply technology of good labor; 5- =The company has no language barrier; 6-Easily recruit good managers in the locality.

Competitive input costs are the basic factors directly related to the investment efficiency of an enterprise. Enterprises can increase competitiveness or seek higher profits when input costs are low. A competitive price besides a reasonable price always comes with the quality of the service. Input cost factors measured by four observed variables are: 1-Low land rent; 2-Low labor costs; 3-Electricity prices, water prices, reasonable freight; 4-Prices of competitive communications services.

Measurement result:

Qualitative research identified eight investment environment variables that were explained by 40 observational variables and the investor satisfaction factor explained by 5 observed variables. The result of the survey was a collection of 266 samples. This data set is included in the EFA analysis. The analysis showed that the study using the EFA method was appropriate for the data set. Three unsuitable variables were excluded from the analysis. The results of the analysis extracted eight new factors in place of the 37 observed variables, namely, ground and policy factors, competitive input costs, infrastructure, managerial dynamics and quality. public service, human resources, quality of living environment, local brands, investment advantages. These new variables show the general investment environment in industrial zones of Ba Ria - Vung Tau. The results of multivariate regression analysis identify 6 factors of investment environment and one controlling factor which are the following factors: ground and investment policy, competitive input cost, infrastructure, the quality of the living environment, the advantages of the investment sector and the type of enterprises that affect the satisfaction of investors in Ba Ria - Vung Tau industrial zones. In particular, the dynamics of leadership and the quality of public services, premises, and policies have the greatest impact, the relative impact of infrastructure factors, and the cost of inputs. competition, the quality of the living environment, the advantages of the investment industry have a weaker impact. Investment companies are more satisfied with the investment environment in Ba Ria - Vung Tau industrial zones than the limited ones.

5. Solutions to attract more investment into the industrial parks

5.1. Solutions to improve the autonomy and dynamism of leaders and local authorities in economic administration, raising the quality of public services

Selection of local leaders must be dynamic and creative in the implementation of the central policy, using the support of appropriate policies in favor of the development of the local. Build two government officials who have professional knowledge about economics, enthusiasm, serious business, ready to support the business when needed. Authorities support business efficiency in administrative procedures, investment promotion, trade. Simplification of administrative procedures, maintaining a one-stop-shop policy, shortening time for procedures for enterprises, especially time-related procedures relating to taxation, customs, immigration, inspection, testing. Consulting businesses in policy development and rapid implementation of legal documents to enterprises.

5.2. Solutions for planning reasonable industrial zones, building an equal environment in accessing land, supporting enterprises in compensation and land clearance

The development of IPs should closely follow the province's industrial development needs and attractiveness. Planning rationality, suitable with the level of infrastructure development outside the IP to ensure support for development in industrial zones. It is necessary to concentrate investment resources in each industrial zone together with measures to promote and invest in investment in industrial zones. Local authorities should strictly implement investment commitments outside the fence of industrial zones and take measures to promote the infrastructure investors to quickly invest in building infrastructure in the fence of industrial zones; improve the quality and responsiveness of the infrastructure system for investors and improve the attractiveness of the locality. Rapid deployment of transport projects has been planned to improve the ability to connect regions, connections between industrial parks and international trade networks in the city. Ho Chi Minh City, Dong Nai and Binh Duong. Publicity, transparency of information on land, investment projects and progress of implementation of investment projects. The government should have resolute attitude and measures, and even land recovery for companies investing in industrial infrastructure of speculative land grab for profiteering. At present, with the advantage of public land and low cost, the ability to meet the needs of enterprises investing in industrial zones in Ba Ria - Vung Tau is very good and appreciated by enterprises. However, in the coming time when the public land will gradually lose this advantage can be lost without the support of the Government in compensation and site clearance, meeting the premises for enterprises will be difficult. towel.

5.3. Solutions to build a supportive policy system for investors

The policy system needs to be specific, clear and transparent; No matter what the object is applied and is publicly known to all enterprises know and implement. There are sufficient sanctions to enforce policies that are rigorous, avoiding profiteering the policies of inept business and corrupt government officials. Save time in implementing policies for businesses. Maintaining policies to encourage investment in time. Reform of the taxation system to assist enterprises in fulfilling their tax obligations.

5.4. Solutions to build a cooperative and reliable environment between the Government, enterprises and workers, improve the living environment

The government should encourage and support the establishment and development of trade unions and trade unions to each enterprise; Set up collective bargaining agreements between employees and business owners with the mediating role of local government; Support the land fund and create favorable conditions for enterprises to build resettlement houses and houses for employees of enterprises to create a cooperative, reliable and friendly environment between enterprises and workers. There is a roadmap to reduce the incentives for investment enterprises in order to enhance the responsibility of enterprises towards the society, harmony between the interests of enterprises and the community.To consolidate and develop the social infrastructure system so as to raise the quality and capability of the medical and educational system to keep the natural environment clean and free from pollution; Frequently organize community cultural activities to increase the friendliness and mutual understanding.

6. Conclusion

Investing in the realities of investment environment, influencing factors and solutions to attract investment in Ba Ria - Vung Tau industrial parks is the right direction for research and development in terms of attracting investment into Ba Ria. - Vung Tau province has implemented many incentives in attracting investment to realize the industrialization as well as socio-economic development of the province. The topic using a comprehensive and microeconomic approach is an integrated approach to analyze the behavior and utility of investors in the overall economic relationship. - social-environment, this is a reasonable approach in researching a socio-economic problem.

Research using a combination of methods such as documentary research; explore research through secondary data; qualitative research by expert method; Quantitative and qualitative research through multivariate analysis and multivariate analysis methods is a comprehensive and specific method that allows for real-time assessment, identification of environmental factors as well as comparing and forecasting the impact of factors on the satisfaction of investors from which recommendations suggested appropriate investment policy.

The results of the research show that the investment environment in Ba Ria - Vung Tau is quite good, planning reasonable industrial zones. Infrastructure in the industrial zones is relatively complete. Identifying 8 investment environment factors that investors are interested in are: ground and policy, competitive input costs, infrastructure, dynamic local leaders and quality of public services, human resources, quality of living environment, local brands, advantages of investment. And six factors affecting the satisfaction of investors when investing in Ba Ria - Vung Tau in descending order are: the dynamics of leadership and the quality of public services, premises and policies. investment, infrastructure, quality of living environment, competitive advantage of the industry and competitive costs. The results of this research are also consistent with the practice of Ba Ria - Vung Tau. Although there are many research efforts, this is a relatively broad and complicated subject. Furthermore, the subject of the study is an investor with multiple complexity interests so there may be an incentive for misrepresentation. Therefore, the subject can not avoid the limitations. On the other hand, limited space for narrow research - only considering investment firms in IZs, not considering investment firms outside IPs and neighboring provinces so that information can be collected in a way. more objective.

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NGHIÊN CỨU VỀ CÁC NHÂN TỐ ẢNH HƯỞNG TỚI MÔI TRƯỜNG ĐẦU TƯ CỦA CÁC KHU CÔNG NGHIỆP THUỘC TỈNH BÀ RỊA - VŨNG TÀU

TS. VŨ VĂN ĐÔNG

Phó Hiệu trưởng Trường Đại học Bà Rịa - Vũng Tàu

TÓM TẮT:

Nghiên cứu này đánh giá các nhân tố ảnh hưởng tới môi trường đầu tư của các khu công nghiệp thuộc tỉnh Bà Rịa - Vũng Tàu. Nghiên cứu này nhằm góp phần vào việc cải thiện môi trường đầu tư địa phương, kích thích các nhà đầu tư hiện tại và tiềm năng ở trong nước và nước ngoài đầu tư vào tỉnh Bà Rịa - Vũng Tàu. Nghiên cứu này bao gồm 6 mục, gồm: (1) Tổng quan về đầu tư, (2) Khái niệm về các lý thuyết đầu tư, môi trường đầu tư và chất lượng đầu tư (3) Đánh giá hiện trạng môi trường đầu tư , (4) Đo lường các nhân tố môi trường đầu tư, (5) Các giải pháp cho thu hút đầu tư vào các khu công nghiệp, (6) Kết luận.

Từ khoá: đầu tư, nhân tố, môi trường, công nghiệp, chất lượng.