Rise and Fall of Multinational Enterprises in Vietnam: Survival Analysis Using Census Data during 2000–2011*

Tien Manh Vu, Hiroyuki Yamada, Tsunehiro Otsuki

Research output: Contribution to journalArticle

1 Citation (Scopus)


This study examined the survival of multinational enterprises (MNE) in Vietnam during 2000–2011 using Cox hazard models. The characteristics and ownership structure of firms and the nationality of foreign partners are found to be associated with the probability of firm exit, with a firm having greater capital share of foreign partners surviving longer. An efficient local government requiring less time for bureaucratic procedures and inspections is found to be associated with a lower probability of MNE exiting. Meanwhile, transparency in business regulations and predictability in implementing central government policies accelerate the survival of highly competitive MNE.

Original languageEnglish
Pages (from-to)83-109
Number of pages27
JournalAsian Economic Journal
Issue number1
Publication statusPublished - 2017 Mar 1



  • government performance
  • multinational enterprises
  • ownership
  • survival
  • Vietnam

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development

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