Abstract
This paper aims to analyze the current status and evaluate the investment efficency of Thai Nguyen province over the period from 2011 to 2020. Using secondary data published by Thai Nguyen Statistics Office, the results show that investment tends to decrease in recent years. As in the first half of the period, FDI sector accounted for a large proprotion of total investment; however, the contribution of this sector decreased both in value and in proportion in the second half of the period. The results of non-state sector were in contrast. Meanwhile, there existed an imbalance of investment by economic activity due to the main focus on manufacturing. Using Incremental Capital Output Ratio (ICOR) to evaluate investment efficiency, the results reveal that Thai Nguyen’s investment efficiency tends to improve. By economic sector, we also find that the non-state sector has maintained the most stable investment during the last decade, while the investment efficiency of FDI sector was only achieved when the project of Samsung finished its capital implementation process, and that of the State sector has been gradually improved in recent years. This paper also proposes several recommendations to improve investment efficiency of the province in the coming time.
Keywords: Investment Efficiency; Economic Growth; Development; ICOR; Thai Nguyen province.
JEL classification: E22, F21.
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
