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Asia-Pacific Sustainable Development Journal

The Asia-Pacific Sustainable Development Journal (APSDJ) aims to stimulate debate and enrich research in the formulation of policy in the Asia-Pacific region towards the fulfilment of the 2030 Agenda for Sustainable Development. The APSDJ seeks to provide a forum for the exchange of knowledge, experiences, ideas and analysis on issues concerning sustainable development across its economic, social and environmental dimensions. Published twice a year, the APSDJ is a rebranded journal of ESCAP that builds on the success of two earlier journals – the Asia-Pacific Development Journal (APDJ), being published since 1994, and the Asia-Pacific Population Journal (APPJ), in print since 1986. These journals are being merged in recognition of the interconnected and multidisciplinary nature of sustainable development.

English

Challenges in implementing decentralization of foreign direct investment management in Viet Nam — case study of the Hung Nghiep Formosa Ha Tinh Steel project in Ha Tinh province

Over the past decades, an increasing number of developing countries in Asia have experimented with decentralization in varying degrees to achieve good governance and promote democracy. In Viet Nam, even though decentralization has been limited to de-concentration (or administrative decentralization), foreign direct investment (FDI) management is vigorously decentralized at the provincial level and has proven to be problematic. In one instance, it led to an environmental disaster in 2016. The objective of the present paper is to explore the factors resulting in ineffective decentralization of FDI management in Viet Nam, focusing on the challenges that the local government has been dealing with under the decentralization set-up, in particular with respect to environmental protection. Drawing on the case study of the Hung Nghiep Formosa Ha Tinh Steel project in Ha Tinh province, it is argued that Viet Nam continues to lack the essential prerequisites for effective decentralization. It is the time for Viet Nam to reconsider the policy of decentralization in the area of FDI management. Bearing in mind that economic development is vital, it should go hand in hand with environment protection in order to ensure the country’s sustainable development.

English

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