Abstract

The results of the study show that from 1990-2019 Inflation has a positive and significant effect on FDI in Indonesia, Thailand and Vietnam. Meanwhile, in Malaysia, inflation has a positive but not significant effect on FDI. In Singapore, inflation has a negative but not significant effect on FDI. Interest rates have a negative and significant effect on FDI in Vietnam, while in Indonesia, Malaysia and Singapore interest rates have a negative but not significant effect on FDI, in Thailand interest rates are positive but not significant on FDI. Exchange rate has a negative and significant effect on FDI in Indonesia, Malaysia and Vietnam. Meanwhile, Thailand has a positive and significant impact. In Singapore, the exchange rate on FDI has a positive but not significant effect. Wages on FDI in Malaysia and Singapore have a negative and significant effect, while Indonesia has a positive and significant effect. In Thailand and Vietnam, wages have a positive but not significant effect on FDI. Income per capita on FDI in Singapore, Thailand and Vietnam has a positive and significant effect. Meanwhile, Indonesia and Malaysia the effect was negative but not significant.