CHINA’S SHENZHEN SPECIAL ECONOMIC ZONE MODEL AND RECOMMENDATIONS FOR VIETNAM

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MINISTRY OF EDUCATION AND TRAINING FOREIGN TRADE UNIVERSITY *** MASTER THESIS CHINA’S SHENZHEN SPECIAL ECONOMIC ZONE MODEL AND RECOMMENDATIONS FOR VIETNAM Specialization: International Trade Policy and Law LE HOANG HUE MINH HANOI - 2023 MINISTRY OF EDUCATION AND TRAINING FOREIGN TRADE UNIVERSITY *** MASTER THESIS CHINA’S SHENZHEN SPECIAL ECONOMIC ZONE MODEL AND RECOMMENDATIONS FOR VIETNAM Major: International Economics Specialization: International Trade Policy and Law Code: 821109 Student name: Le Hoang Hue Minh Supervisor: Associate Professors Dr Hoang Xuan Binh Hanoi - 2023 i DECLARATION I hereby state that this thesis was entirely carried out by myself under the guidance of my supervisor - Assoc., Prof, Dr Hoang Xuan Binh; and that the work contained and the results in it are true by the author and have not violated research ethics The contents and results of this thesis are completely honest The information, data and documents which are collected from various sources for analysis and evaluation have been fully cited in the main content and in the references list of this master thesis as well I make this commitment with awareness of full understanding that in case any fraud detected in my thesis I will take all responsibility and may face disciplinary actions Hanoi , July 2023 Le Hoang Hue Minh ii ACKNOWLEDGEMENT I would like to take this opportunity to show my sincere gratitude to the people have supported me much during my period of this research accomplishing First and foremost, I am deeply grateful to my advisor, Assoc., Prof, Dr Hoang Xuan Binh, for the unwavering support and guidance throughout my master’s program His expertise and patience have been invaluable to me and his understanding for my difficulties during the time I did this research have motivated me alot and have played a crucial role in the success of this thesis Then, I am also grateful to Foreign Trade University for supplying me with the chance to conduct my research and for all of the resources and support they provided Last but not least, I am deeply thankful to my family and friends for their love and sustain during this process Without their encouragement and motivation, I would not have been able to complete this journey.  Hanoi, July 2023 Le Hoang Hue Minh iii TABLE OF CONTENTS DECLARATION i ACKNOWLEDGEMENT ii TABLE OF CONTENTS .iii LIST OF TABLES .vi LIST OF FIGURES vii LIST OF ABBREVIATIONS viii SUMMARY OF THESIS .ix INTRODUCTION 1 Rationales for the research Literature review 3 Research objectives Research questions Research objects and scope Research methodology Research structure CHAPTER THEORITICAL BASIC FOR SPECIAL ECONOMIC ZONE 10 1.1 Concept of Special Economic Zone 10 1.2 Characteristics of Special Economic Zone 13 1.3 The historical emergence of Special Economic Zone .15 1.4 Roles of Special Economic Zone 16 1.4.1 Regarding entities in society 17 1.4.2 Regarding the sustainable development process 18 1.4.3 Regarding the economic sector .19 1.4.4 Regarding the process of industrialization and modernization .21 1.4.5 Regarding society and the environment .22 1.5 Assessment criteria for Special Economic Zone .22 1.5.1 Geographical location 22 iv 1.5.2 Policy and legal regulations 24 1.5.3 Management structure 26 1.6 Influenced factors to the development process of Special Economic Zone 28 1.6.1 Objective factors 28 1.6.2 Subjective factors 32 1.6.3 Mixed factors .35 CONCLUSION OF CHAPTER 37 CHAPTER CURRENT SITUATION OF SHENZHEN SPECIAL ECONOMIC ZONE 39 2.1 Overview of formation and development of Shenzhen Special Economic Zone 39 2.1.1 The construction context of Shenzhen Special Economic Zone 39 2.1.2 The development of Shenzhen Special Economic Zone .41 2.2 Prominent features of Shenzhen Special Economic Zone .43 2.2.1 Advantages from geographical location .43 2.2.2 Government's appropriate policies and legal regulations 46 2.2.3 Effective government organizational structure .52 2.3 Evaluating Shenzhen Special Economic Zone 54 2.3.1 Achievements .54 2.3.2 Limitations and causes 62 CONCLUSION OF CHAPTER 68 CHAPTER ORIENTATIONS AND SOME RECOMMENDATIONS FOR VIETNAM 69 3.1 Similarities between Vietnam and China in SEZs establishment 69 3.2 Overview of establishment of SEZ in Vietnam .75 3.3 Orientation of establishment of SEZ in Vietnam 84 3.3.1 General development perspectives .84 3.3.2 On institution and policy mechanisms 86 v 3.3.3 On organization and management systems 87 3.3.4 On strategic and development goals .88 3.4 Recommendations for Vietnam 89 3.4.1 For the development roadmap 89 3.4.2 For incentives and legal framework .90 3.4.3 For investment resources and strategic investors 93 3.4.4 For organization and management .94 CONCLUSION OF CHAPTER 97 CONCLUSION 98 LIST OF REFERENCES i vi LIST OF TABLES Table Potential Benefits Derived from SEZs 17 Table Tax incentives in the Shenzhen Special Economic Zone 48 Table Population Growth in the City of Shenzhen SEZ 1979-2006 54 Table FDI Inflows in Shenzhen SEZ and other SEZs in China 1978–2008 .56 vii LIST OF FIGURES Figure The population growth rate of the Shenzhen SEZ 1979 - 2009 55 Figure Total import and export value in Hong Kong, Shenzhen, Shanghai and Ningbo, 1990- 2014 .58 Figure Shenzhen’s GDP per capita and utilized FDI, 1979–2009 .60 Figure Shenzhen Stock Exchange Component Index 2000-2022 61 viii LIST OF ABBREVIATIONS BOT Build – Operate – Transfer CIP Comprehensive Industrial Parks CPTPP Comprehensive and Progressive Agreement for Trans-Pacific Partnership ESCW A United Nations Economic and Social Commission for Western Asia EVFTA European Union-Vietnam Free Trade Agreement FDI Foreign Direct Investment FIAS Foreign Investment Advisory Service GDP Gross Domestic Product GDP Gross Domestic Product ODA Official Development Assistance PPP Public - Private Partnership R&D Research and Development SEAU Special Administrative-Economic Zones SEZ Special Economic Zones WTO World Trade Organization