As the world economy becomes integrated and foreign investment becomes liberalized, most governments compete to attract foreign direct investment (FDI) to their country based on the belief that foreign firms bring advanced technology, create jobs, and boost economic growth. For these reasons, the determinants of FDI have been broadly studied from a variety of perspectives. Given that the location choices of FDI are made by firms seeking cost minimization or profit maximization, all factors which directly and indirectly affect entry, operation, and exit costs are determinants of FDI. Among them, market size, unit labor cost, labor market regulations, trade openness, governments tax incentives and financial incentives, institutions and infrastructure have been broadly investigated in literature, and have been proven to impact, to a certain degree, the location choices of MNEs.