The Impact Of China-Vietnam Economic Corridor On Vietnam's Economy

Vietnam and China are linked by mountains and rivers,and Vietnam-China exchanges have a long history.The leaders of the two countries have frequent exchanges,the people have deep friendship,and the bilateral relations have maintained healthy and stable development.Since Vietnam put forward the "two-circle economic corridor" in 2004,Vietnam and China have a common development goal.The two sides step by step deepen understanding,help each other,win-win cooperation and beneficial development.With the advantages of the geographical position of Vietnam and China and the development of trade and economy,the strategy of Vietnam-China economic and trade has put forward the economic corridor of "Kunming—Laojie—Hanoi—Haiphong" and "Nanning—Liangshan—Hanoi—Haiphong".However,since 2004,the "two-circle economic corridor" has not only brought about economic and trade development between Vietnam and China,but also brought many unfavorable problems.Therefore,it is necessary to study the impact of the Vietnam-China Economic Corridor on Vietnam's economy,which has high practical and theoretical significance.In order to deeply understand the opportunities and challenges of Vietnam's economic and trade in the process of developing the "two-circle corridor" between Vietnam and China.Firstly,this paper summarizes the formation and current situation of the two economic corridors in Vietnam and Central China,and deeply understands the relevant theories and research of the two economic corridors through domestic and foreign literature.Later,after reading a large number of domestic and foreign information and collecting the latest data on the bilateral economic and trade with Vietnam's network,this paper analyzed the benefits and risks of Vietnam-China Economic Corridor to Vietnam's economy.Through statistical analysis,it was known that Vietnam's economic and trade had developed more and more after Vietnam's "two-circle corridor" was developed in Vietnam.At the same time,it also So at last,this paper puts forward some policy suggestions which are beneficial to Vietnam's economy.Through the study of literature theory,comprehensive analysis of the status quo,statistical data and conclusions of the border trade between the two countries,this paper holds that: 1.The Vietnamese-Chinese economy has gained a lot of benefits through the agreement of the Vietnamese-Chinese economic corridor.The growth rate of economic and trade,the increase of GDP,the employment structure create new jobs for the Vietnamese people and improve the industrial structure.2.With the development of Vietnam-China economic corridor,the "two-circle corridor" has also brought about an impact on Vietnam's economy.Obviously,there is imbalance risk in the process of Vietnam-China economic and trade development,and Vietnam's debt is increasing after the development of economic corridor.3.In the case of the advantages and disadvantages of "two-circle corridor" in Vietnam and Central China,the traffic infrastructure,bilateral policies,culture and human resources need to be improved,and some suggestions are put forward.