IDEAS home Printed from https://ideas.repec.org/a/mgs/jibrme/v5y2020i5p52-59.html
   My bibliography  Save this article

Building Bridges on the Silk Road: A Strategy for Vietnam

Author

Listed:
  • A. Greiman

    (Boston University, Massachusetts, US)

Abstract

In March 2015, the Chinese government published an official document entitled “Vision and Actions on Jointly Building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road,” commonly known by the Chinese as “One Belt, One Road” (OBOR, 2015). The purpose of this massive initiative is to instill vigor and vitality into the ancient Silk Road, connecting Asian, European and African countries and their adjacent seas, more closely and to promote mutually beneficial cooperation to a new high and in new forms. Despite the establishment of the initiative, there has been very little scholarly discussion on the role of foreign direct investment in the important countries on the Silk Road and the impact of these investments on the people of these less-developed regions of the world. Vietnam is a critical partner in this initiative because it shares both maritime and land frontiers with China. Vietnam also serves as China’s largest trading partner in the Association of Southeast Asian Nations (ASEAN), with two-way trade approaching $75 billion in 2016. China has always expressed a preference for bilateral negotiations in the contested waters of the Maritime Silk Road, despite efforts by ASEAN and other regional organizations to develop more multilateral approaches. Through empirical research, this paper analyzes the challenges and opportunities for China in advancing Silk Road initiatives bilaterally with Vietnam as one of its most important strategic partners. The paper also sets forth Vietnam’s strengths and challenges in integrating its own Five-Year Development Plan into strategic partnerships, regional trade agreements and bilateral arrangements on the Belt and Silk Road including how the country can improve its strategy for foreign direct investment. Through integrating the development strategies of Vietnam, the overall plans for expansion of the Belt and Maritime Silk Roads may become a reality, and serve as a model to facilitate trade and investment throughout the region.

Suggested Citation

  • A. Greiman, 2020. "Building Bridges on the Silk Road: A Strategy for Vietnam," Journal of International Business Research and Marketing, Inovatus Services Ltd., vol. 5(5), pages 52-59, July.
    • Handle: RePEc:mgs:jibrme:v:5:y:2020:i:5:p:52-59
    DOI: 10.18775/jibrm.1849-8558.2015.55.3005
    as

    Download full text from publisher

    File URL: https://researchleap.com/wp-content/uploads/2020/07/05.Building-Bridges-on-the-Silk-Road.pdf
    Download Restriction: no
    File URL: https://researchleap.com/building-bridges-silk-road-strategy-vietnam/
    Download Restriction: no
    File URL: https://libkey.io/10.18775/jibrm.1849-8558.2015.55.3005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2014. "Transparency of State Owned Enterprises in Vietnam : Current Status and Ideas for Reform," World Bank Publications - Reports 19318, The World Bank Group.
    2. Daniel Adler & Caroline Sage & Michael Woolcock, 2009. "Interim Institutions and the Development Process: Opening Spaces for Reform in Cambodia and Indonesia," Global Development Institute Working Paper Series 8609, GDI, The University of Manchester.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrews, Matt & Pritchett, Lant & Woolcock, Michael, 2013. "Escaping Capability Traps Through Problem Driven Iterative Adaptation (PDIA)," World Development, Elsevier, vol. 51(C), pages 234-244.
    2. Frauke de Weijer, 2013. "A Capable State in Afghanistan: a Building Without a Foundation?," WIDER Working Paper Series wp-2013-063, World Institute for Development Economic Research (UNU-WIDER).
    3. Lant Pritchett & Michael Woolcock & Matt Andrews, 2013. "Looking Like a State: Techniques of Persistent Failure in State Capability for Implementation," Journal of Development Studies, Taylor & Francis Journals, vol. 49(1), pages 1-18, January.
    4. repec:unu:wpaper:wp2012-64 is not listed on IDEAS
    5. Lant Pritchett & Michael Woolcock & Matt Andrews, 2013. "Looking Like a State: Techniques of Persistent Failure in State Capability for Implementation," Journal of Development Studies, Taylor & Francis Journals, vol. 49(1), pages 1-18, January.
    6. repec:unu:wpaper:wp2012-63 is not listed on IDEAS
    7. Woolcock, Michael, 2014. "Engaging with Fragile and Conflict-Affected States," Working Paper Series rwp14-038, Harvard University, John F. Kennedy School of Government.
    8. DiCaprio, Alisa, 2013. "The Demand Side of Social Protection: Lessons from Cambodia’s Labor Rights Experience," World Development, Elsevier, vol. 48(C), pages 108-119.
    9. Andrews, Matt & Pritchett, Lant & Woolcock, Michael, 2017. "Building State Capability: Evidence, Analysis, Action," OUP Catalogue, Oxford University Press, number 9780198747482, Decembrie.
    10. de Weijer, Frauke, 2013. "A Capable State in Afghanistan: A Building Without a Foundation?," WIDER Working Paper Series 063, World Institute for Development Economic Research (UNU-WIDER).
    11. DiCaprio, Alisa, 2011. "The Demand Side of Social Protection," WIDER Working Paper Series 081, World Institute for Development Economic Research (UNU-WIDER).
    12. Michael Woolcock, 2014. "Engaging with Fragile and Conflict-Affected States: An Alternative Approach to Theory, Measurement and Practice," WIDER Working Paper Series wp-2014-097, World Institute for Development Economic Research (UNU-WIDER).
    13. Frauke de Weijer, 2013. "A Capable State in Afghanistan," CID Working Papers 59, Center for International Development at Harvard University.
    14. Frauke de Weijer, 2013. "A Capable State in Afghanistan: A Building Without a Foundation?," Working Papers id:5452, eSocialSciences.
    15. Andrew McNee, 2012. "Rethinking Health Sector Wide Approaches through the lens of Aid Effectiveness," Development Policy Centre Discussion Papers 1214, Development Policy Centre, Crawford School of Public Policy, The Australian National University.
    16. Andrews, Matt & Pritchett, Lant & Woolcock, Michael, 2013. "Escaping Capability Traps Through Problem Driven Iterative Adaptation (PDIA)," World Development, Elsevier, vol. 51(C), pages 234-244.
    17. Alisa DiCaprio, 2011. "The Demand Side of Social Protection: Lessons from Cambodia's Labour Rights Experience," WIDER Working Paper Series wp-2011-081, World Institute for Development Economic Research (UNU-WIDER).
    18. Woolcock, Michael, 2014. "Engaging with fragile and conflict-affected states: An alternative approach to theory, measurement and practice," WIDER Working Paper Series 097, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    One belt; One road; Vietnam economic development; Sustainability; Governance; Developing economies;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mgs:jibrme:v:5:y:2020:i:5:p:52-59. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bojan Obrenovic (email available below). General contact details of provider: https://researchleap.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.