China Red River - Study Lao Cai In Vietnam Cross-border Economic Cooperation Zones

At present, as the development of economic globalization and regional economicintegration, it becomes everyone’s consensus that stimulating the regionaldevelopment, facing the challenge of economic integration and expanding thecommon interests of participants through regional cooperation. As a new form ofregional economic cooperation, cross-border economic cooperation is playing apositive role in it. Cross-border economic cooperation is a measure that adoptingparticular policies in taxation, trade&investment and other related field andperforming particular cross-border customs supervision to the particular zone whichnear the border between the neighboring countries, in order to attract investment andpromote economic growth of the zone. As a national class-one open port, Hong Heprefecture, Yunnan province, has unique geographic and regional advantage.Constructing Honghe(China)-Laocai(Vietnam) cross-border economic cooperationzones a measure that the government of Honghe takes part in the “two corridors inone ring” between China and Vietnam, the Greater Mekong Sub-regional economiccooperation(GMS) and China-ASEAN free trade area(CAFTA). It promote thedevelopment of economic reform, border trade, border areas exploiting strategy, andregional and national economic coordination and globalization.My paper demonstrates related theory about cross-border economic cooperation,and analysis many aspects of constructing the Honghe(China)-Laocai(Vietnam)cross-border economic cooperation though empirical analysis to point out its positiveeffect on the cooperation. The economic cooperation between China and Vietnamstimulates the growth of trade volume and the development of local economic,employment, tourism and ethnic culture. Meanwhile, there are some problems inconstructing this cooperation such as weak economic power, imbalanced tradestructure, and lack of preferential policy, poor cooperation environment, financingdifficulty, deficient infrastructure and cooperative cognitive bias. Analyzing successful foreign experiences and absorbing the key factors from the SIJORI GrowthTriangle and the Haut-Rhine cross-border economic cooperation zone, this paperprovides a series of advices.The innovation of my thesis is that it combines the foreign classic economiccooperative theory and the Deng Xiaoping Theory to perform the theoretical analysis.In the process of the empirical analysis, addition to the static and dynamic economiceffect analysis, the paper analyses the topic to use the externality effect in welfareeconomics and national effect in national economics. At last, the article not onlyprovides the strategies to some problems the cooperation facing, but also points outthe successful experiences which can use into the process of analyzing ourcooperative construction.