Lotus Investment Group

Working Papers

Working papers on foreign direct investment in Vietnam and Southeast Asia, cross-border M&A, and investment policy, by Luu Trong An Ha (Lưu Trọng An Hà), Founder & Managing Partner. ORCID 0009-0008-0162-2828.

Reinvestment as Revealed Confidence: Reading Vietnam's Foreign Direct Investment Beyond the New-Licence Headcount

Why the reinvestment decisions of firms already in Vietnam read the economy better than the headline count of new licences.

DOI ↗ · SSRN 7029098 · Zenodo · RePEc/MPRA · OSF

Trade Without Capital: Reading Australia's Investment Gap with Southeast Asia

Australia holds less FDI in all of ASEAN than in New Zealand alone — why the investment relationship lags the trade relationship, and what would close it.

DOI ↗ · SSRN 7031438 · Zenodo · RePEc/MPRA · OSF

Vietnam Foreign Direct Investment Review 2025: Flows, Composition, Geography and Policy

A data-first annual reference on Vietnam's FDI — flows, composition, provinces, sources and policy. Edition 2025.

DOI ↗ · SSRN 7031858 · Zenodo · RePEc/MPRA · OSF

The Global Minimum Tax and Foreign Direct Investment in Southeast Asia: Adoption, Incentive Redesign, and the Turn from Tax to Cash

How the ASEAN-5 adopted the 15% global minimum tax and replaced tax holidays with cash grants and refundable credits.

DOI ↗ · SSRN 7031939 · Zenodo · RePEc/MPRA · OSF

Foreign Investment in Vietnam: A Review of the Evidence

A thematic field-map of four decades of research on FDI in Vietnam, with reusable classification tables.

DOI ↗ · SSRN 7035238 · Zenodo · RePEc/MPRA · OSF

The China-Plus-One Paradox: Vietnam's Foreign-Investment Boom and Its Rerouting Vulnerability

Vietnam is the leading China-plus-one destination, yet the same data expose it to the 2025 US transshipment tariff.

DOI ↗ · SSRN 7035278 · Zenodo · RePEc/MPRA · OSF

The Provincial Geography of Foreign Investment in Vietnam: Concentration, the Northern Shift, and the 2025 Redraw

An atlas of Vietnam's FDI by province — the northern shift of 2024 and the 63-to-34 province merger of 2025.

DOI ↗ · SSRN 7035998 · Zenodo · RePEc/MPRA · OSF

Southeast Asia Foreign Direct Investment Monitor 2025: A Comparative Data Compendium

A comparative FDI compendium for the ASEAN-6, built on the one measurement rule most comparisons get wrong.

DOI ↗ · SSRN 7035980 · Zenodo · RePEc/MPRA · OSF

Each paper is openly available. DOIs resolve to the full text; SSRN and OSF/SocArXiv copies are indexed under the author’s name.