In Vietnam, we find strong evidence that foreign investors hold higher percentage stakes in firms located in the south of Vietnam, firms listed on the Hochiminh stock exchange, firms with low past returns and firms that are listed longer on the exchanges. The coefficients on firm size and firm...

This paper uses detailed province level data to examine the determinants of foreign direct investment (FDI) flow in Vietnam. We find that provinces with low or no bribes in public sectors, more efforts to control corruption, higher market demand, more students, better information transparency,...