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Does FDI facilitate digital transformation in developing countries? Evidence from Vietnamese firms

Mai Vu et al.

Industrial and Corporate Change2026https://doi.org/10.1093/icc/dtag001article
AJG 3ABDC A
Weight
0.50

Abstract

This paper investigates whether foreign direct investment (FDI) significantly facilitates the access of firms in developing countries to digital transformation. It also examines if the level of access varies across firms of different geographical regions and operating sectors. Empirical analysis on a sample of more than 8000 firms in Vietnam during 2019 indicates that FDI plays an important role in helping firms cope with challenges raised by Industry 4.0. In addition, it lends support to the hypothesis that this effect is not homogenous. The results are robust to alternative econometric specifications and sample sizes. These findings convey important implications for developing countries’ FDI strategies and policies that aim to promote technological development for digital transformation. Thus, they are of special interest to researchers, policymakers, and industrial practitioners.

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https://doi.org/https://doi.org/10.1093/icc/dtag001

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@article{mai2026,
  title        = {{Does FDI facilitate digital transformation in developing countries? Evidence from Vietnamese firms}},
  author       = {Mai Vu et al.},
  journal      = {Industrial and Corporate Change},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1093/icc/dtag001},
}

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Does FDI facilitate digital transformation in developing countries? Evidence from Vietnamese firms

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.