Impact of economic growth, public investment, and private investment on firm performance in some economic sectors in Vietnam: An SGMM approach

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Analysis shows economic growth and public investment impact firm performance negatively, while private investment boosts it.

Economic growth negatively affects firm performance in several sectors, indicating a complex relationship with business outcomes.
Public investment delays and inefficiencies correlate with lower firm performance, emphasizing the need for better management.
Private investment positively influences firm performance, highlighting its role in supporting economic sector development.
The use of SGMM with panel data from 14 sectors provides robust insights for Vietnamese state management agencies.

Ha et al. (2025) studied this question.

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