A Study on Provincial Government’s Policies for Encouraging Investment for Trade Development in the Vietnamese Context

Investment for trade development is the hot theme for the government, both in the central and local level, to be focused. The provincial government’s policy to encourage investment in trade development plays an important role in the process of local economic development. There are some determinants influencing the efficacy and efficiency of this issue, including legal framework and policies as well. This study is conducted to draw on the experiences of domestic and foreign localities on policies to encourage investment in trade development; thereby being an effective lesson for localities in promulgating and implementing this policy, including Nghe An province. Secondary data were collected relating the research topics. By employing at desk reviews, we synthesize the nature of the policy on encouraging investment in trade development of the provincial government; identify the objectives of this policy; analyze and clarify the contents of the policy such as policy principles, departmental policies; trade promotion support policies, policies to support access to land, policies to support the development of commercial infrastructure, policies to support human resource training, policies to support science and technology activities. We also evaluate factors influencing policy; research on the effectiveness, effectiveness, appropriateness and fairness of the policy; draw lessons from the study of experiences of some localities at home and abroad to serve as a basis for evaluating and proposing recommendations to improve policies in the process of implementing the commercial development goals of localities.