Abstract :

Investment in energy transition projects is an effective way to promote sustainable economic growth. Although the sector has strong potential and receives policy support in many countries, projects in developing economies have not yet attracted sufficient investment. This study examines the determinants of policy effectiveness in attracting investment for energy transition projects in Vietnam. The study uses a survey of 296 stakeholders involved in renewable energy projects and applies exploratory factor analysis, confirmatory factor analysis, and structural equation modeling to process and analyze the data. The results show that infrastructure and administrative and governance capacity have positive and statistically significant effects on investment attraction. The findings contribute to the theoretical basis of factors that influence the effectiveness of policies to attract investment for the energy transition and provide practical implications to mobilize private capital in the near future.

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Keywords :

energy transition; investment attraction; policy effectiveness; administrative capacity; Vietnam

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