Achievements and Problems in Vietnam

Nguyen Xuan Cuong and Nguyen Thi Phuong Hoa
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Nguyen Xuan Cuong: Vietnam Institute of Chinese Studies, Vietnam Academy of Social Sciences
Nguyen Thi Phuong Hoa: Vietnam Review of Chinese Studies, Vietnam Academy of Social Sciences

China Report, 2018, vol. 54, issue 3, 306-324

Abstract: Since Vietnam and China normalised their ties in 1991, high-ranking leaders of the two countries have arrived at a common awareness on various issues with a view to promoting a relationship based on friendship, equality and mutual benefit. However, in reality, a big gap still exists between awareness and practice. There is a certain ‘phase deviation’, which leads to differences in assessment and approaches to the development of bilateral relations. Two-way trade has developed in a fast but imbalanced manner. China’s direct investments in Vietnam have not been on par with its potential. Many projects have been contracted, but a number of issues in terms of quality, technology and environmental protection have surfaced. Two out of three territorial and border issues have been settled, but the one concerning the Biển à ông (the East Sea, or South China Sea) has become increasingly complicated. At present, the Vietnam–China relationship has entered a new phase of development with new requirements and demands as well as new opportunities and challenges.

Keywords: Vietnam–China relations; normalisation of ties; trade and investment; the East Sea issue (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:sae:chnrpt:v:54:y:2018:i:3:p:306-324

DOI: 10.1177/0009445518779263

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