The Impact of the Government's Role on Attracting Investment to Marine Economic Development in Hai Phong City

Nguyen Thach Dang

Journal of Finance and Economics. 2021, 9(1), 1-10
DOI: 10.12691/jfe-9-1-1

Open AccessArticle

The Impact of the Government's Role on Attracting Investment to Marine Economic Development in Hai Phong City

Nguyen Thach Dang^1,

¹Department of Political Economy, University of Economics and Business, Vietnam National University, Hanoi, Vietnam

Pub. Date: December 09, 2020

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Cite this paper:
Nguyen Thach Dang. The Impact of the Government's Role on Attracting Investment to Marine Economic Development in Hai Phong City. Journal of Finance and Economics. 2021; 9(1):1-10. doi: 10.12691/jfe-9-1-1

Abstract

This study examines the impact of the Government's role on attracting investment to marine economic development in Hai Phong city. By reviewing research and consulting with experts, the constituent factors are identified as the legal system, and marine economic development planning, management system, and policy making, policy enforcement and inspection, examination of policy implementation. These are independent variables included in the research model with the aim of examining their impact on investment attraction to marine economic development in Hai Phong city. Through the survey of 312 samples as managers, officials working in government agencies and business representatives in the marine economy, the research paper performed primary data analysis. many different methods such as: "Analysis of reliability coefficients of scales", "descriptive statistical analysis of observed variables", "exploratory factor analysis EFA", "linear regression analysis calculate the impact of factors", "ANOVA analysis", "test the difference between the surveyed object groups". The results show that the study has identified a linear regression model that shows the impact relationship between the state role in investment attraction to marine economic development to assess in detail the impact level of each intrinsic factor. Although the magnitude of the impact is not large, it also affirms the importance of the activities of the local government to attract investment to develop the marine economy in Hai Phong city.

Keywords:
investment attraction the marine economic sector the role of state marine economic developing in Hai Phong city

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