Extending the dunning’s investment development path model to evaluate the determinants of Vietnam’s outward foreign direct investment

In the context of integration, in addition to increasing foreign capital inflows, Vietnamese enterprises are becoming more and more interested in outward foreign direct investment activities. This research expands the Investment Development Path model to assess the influence of some macroeconomic factors (GNI per capita, the proportion of expenditure on science and technology, FDI flows, USD to VND exchange rate, total import-export turnover) on Vietnamese enterprises’ outward foreign direct investment (OFDI) flows.