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VIETNAM NATIONAL UNIVERSITY, HANOI
INTERNATIONAL SCHOOL
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LE THI HUONG GIANG
RISKS AND OPPORTUNITIES OF
INVESTMENT BY TAIWANESE
ENTERPRISES INTO VIETNAM: THE CASE
OF SHYWE GUAN INDUSTRY CO., LTD
Program: Financial Management
Code: 8340202.01QTD
Co-Supervisor: Dr. Ly Dai Hung
Dr. Nguyen Thi Kim Oanh
Hanoi - 2025
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DECLARATION OF AUTHORSHIP
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I hereby declare that this thesis was carried out by myself under the
guidance and supervision of Dr. Ly Dai Hung and Dr. Nguyen Thi Kim
Oanh; and that the work contained in it and the results in it are true by the
author and have not violated research ethics. The data and figures presented
in this thesis are for analysis, comments, and evaluations from various
resources by my own work and have been duly acknowledged in the
reference part.
In addition, other comments, reviews and data used by other authors,
and organizations have been acknowledged and explicitly cited.
I will take full responsibility for any fraud detected in my thesis.
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ACKNOWLEDGEMENTS
First and foremost, I would like to express my deepest gratitude to my thesis
supervisor, Dr. Ly Dai Hung, for their invaluable guidance, encouragement, and
continuous support throughout the research process. Their insightful suggestions
and expertise have greatly contributed to the successful completion of this thesis.
I would also like to extend my sincere thanks to my co-supervisor, Dr. Nguyen
Thi Kim Oanh, for their constructive feedback and valuable input, which have
helped refine and enhance the quality of my research.
My appreciation goes to Mr. Wu Kuo Lung – President of Shywe Guan
Industry Co., Ltd., for his valuable insights and comprehensive analysis during our
interview. His strategic vision and deep understanding of the market have provided
significant inspiration for my study.
I am immensely grateful to my colleagues, friends, and classmates at MFM6 of
VNU-International School for their encouragement and support throughout my
academic journey. Their discussions and feedback have been invaluable in shaping
my research.
Lastly, I would like to express my heartfelt gratitude to my family for their
unwavering support, patience, and belief in me. Their encouragement has been my
greatest source of motivation throughout this challenging yet rewarding journey.
Thank you all for your kindness and support.
Le Thi Huong Giang
………, ………………
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TABLE OF CONTENT
Declaration of authorship
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Acknowledgements
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Table of content
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Summary
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List of table and Figures
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CHAPTER 1. INTRODUCTION
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1.1
Reasons to choose this topic
1
1.1.1
The Importance of Taiwanese Investment in Vietnam
1
1.1.2
The necessity of the topic
1
1.2
Research objectives
2
1.2.1
Overall objective
2
1.2.2
Specific objectives
2
1.3
Research objects, scope and methods
2
1.3.1
Research objects
2
1.3.2
Scope of research
3
1.3.3
Research methods
3
1.4
Structure of the thesis
4~5
CHAPTER II. THEORETICAL AND EMPIRICAL BACKGROUND
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2.1
Definiton, characteristics, role of FDI
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2.2
Theoretical and experimental basis
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2.2.1
Traditional Theories of FDI
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(1)
Comparative Advantage Theory
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(2)
Theory of Capital Export
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(3)
Theory of Marginal Profit Impact on FDI Attraction
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(4)
FDI Theory
8
(5)
The "Flying Geese" Model
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(6)
International Product Life Cycle Theory
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(7)
The Theory of Multinational Enterprises (MNEs)
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(8)
The Eclectic Paradigm (OLI Model)
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2.2.2
Modern Theories of FDI
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(1)
Global Value Chain (GVC) Theory
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(2)
Institutional Theory
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(3)
Resource-Based and Dynamic Capabilities Theory
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