Investment in developing economic and defense zones in Vietnam today

MINISTRY OF EDUCATION AND TRAINING

NATIONAL ECONOMICS UNIVERSITY

DO MANH HUNG

INVESTMENT IN DEVELOPMENT OF ECONOMIC - DEFENSE ZONES IN VIETNAM TODAY

Major: Development Economics (Investment Economics) Code: 62.31.05.01

DOCTORAL THESIS IN ECONOMICS

Scientific instructor:

1. Associate Professor, Dr. VU MINH TRAI

2. Assoc.Prof.Dr. NGUYEN ANH HOANG

HANOI - 2008

Guarantee

I hereby declare that this is my own research work. The data and materials presented in the Thesis are true and the content of the Thesis has never been published in any scientific research work.

The pledger

Do Manh Hung

INDEX
	Page
Introduction:		1
Chapter 1:	Thesis research method	8
1.1.	Overview of the thesis research content	8
1.2.	Thesis research method	9
Chapter 2:	General issues on economic - defense zones and
	investment in economic and defense zone development	22
2.1.	Concept of economic-defense zones	22
2.2.	Investment activities in economic and defense zones	34
2.3.	Investment efficiency in economic - defense zones	42
2.4.	International and domestic experience in building economic-defense zones	53
Chapter 3:	Survey on investment situation in economic zones - national	66
	room
3.1.	Overview of the situation of communes in the national economic zone	66
	room before investment
3.2.	Survey results on investment situation in national economic zones	72
	room
Chapter 4:	Assessment of investment status in economic - defense zones	106
4.1.	Assessment of the current status of investment results in defense economic zones	106
4.2.	Overview of analysis and evaluation of investment in defense economic zones	110
4.3.	Evaluation of investment efficiency in defense economic zones	112
4.4.	Analysis of factors affecting results and efficiency of investment in defense economic zones	135
4.5.	Issues that need to be focused on in investing in developing defense economic zones in our country today	145
Chapter 5:	Investment solutions for developing economic and defense zones	150
5.1.	Investment orientation for development of defense economic zones	150
5.2.	Some solutions to improve investment in defense economic zones	159

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Conclusion and recommendations 186

Conclusion 186

Recommendation 188

List of author's works 189

References 190

Appendix 202

DH LIST OF ABBREVIATIONS

Security

Security - Defense

Command Headquarters

Project Management Board Project Management Board

Ministry of National Defense

Military Command

Investment and development

People's Council People's Council

IRR Internal Rate of Return

Economic

Economic Border Gate

Social Economy Social Economy

Economic and Defense Economics and Defense

NFV Net future Value

Agriculture and Rural Development Agriculture and Rural Development NPV Net Present Value

State budget State budget

National Defense

QPAN Defense - Security

SWOT Strengthening Weakness Opportunity Threat Technical design - total estimate

People's Committee People's Committee

Investment capital

VL Materials

VND Vietnamese Dong

List of tables

Table 1.1. Stakeholders of investment projects in economic zones 12

Table 1.2. Project Stakeholder Matrix 13

Table 1.3. Some methods applied to investment analysis and evaluation 14

into economic zone 14

Table 1.4. SWOT list of ABC 20 economic zone

Table 2.1. Basic characteristics of the 25th National Economic Zone

Table 2.2. Investment project logic in economic zone 28

Table 3.1. Current status of infrastructure of 132 communes in 15 69

Economic Zone 1998 69

Table 3.2. Stakeholders of investment projects in economic zones 73

Table 3.3. Preliminary planning of Muong Cha Economic Zone - Military Region 2 79

Table 3.4. Determining the level of deviation between the expected and actual implementation of the Military Economic Zone of Corps 16 in Easup district - Daklak province 88

Table 3.5. Quality assessment of projects prepared 90

Table 3.6. Deviation level of three basic contents of projects 91

Table 3.8. Project management training rate of project management boards 98 Table 3.9. Project management knowledge level of project management boards 99

Table 3.10. Distance and travel conditions from the management board 99

project to project 99

Table 4.1. Overview of investment capital of 15 economic zones 109

period 2000 - 2006 109

Table 4.2. Average annual investment capital ratio of the economic zones .. 110 Table 4.4. Investment capital and investment efficiency of the program to stabilize agricultural and forestry production associated with product processing in the economic zones 114

period 2000 - 2005 114

Table 4.5. Evaluation of the effectiveness of the 115 afforestation program

at the 115 economic zones

Table 4.6. Investment under the clean water and sanitation program 116

rural areas in the 116 economic zones

Table 4.7. Investment efficiency according to clean water program and 117

Rural sanitation in economic zones 117

Table 4.8. Migration program results (migration career) 118

Table 4.9. Investment capital to implement the immigration program (immigration career) ... 119

at the 119 economic zones

Table 4.10. Evaluation of investment efficiency in implementing the migration program (migration career) in the 120 national economic zones

Table 4.11. Benefits of investment projects in the economic zones for the program of stabilizing agricultural and forestry production associated with product processing in the economic zones in the period 2000 - 2005 122

Table 4.12. Evaluation of investment efficiency of the 123 afforestation program

(in case of no project) 123

Table 4.13. Benefits of investment projects in economic zones for rural clean water and sanitation programs 124

Table 4.14. Benefits of projects for the migration program (migration career) in the 125 economic zones

Table 4.15. Summary of project benefits for 126 economic zones

Table 4.16. Summary of state budget capital invested in 127 economic zones

from 1998 to 2005 127

Table 4.17. Assessment of damage of investment capital in economic zone 128

Table 4.18. Poverty reduction results in economic zones since 1999.

Project implementation until March 2007 (converted according to new poverty standards) 129

Table 4.19. Poverty reduction benefits of investment in economic zones 130

Table 4.20. Investment capital for economic zones 131

Table 4.21. Comparison of advantages between regular soldiers 133

and local militia 133

Table 4.22. Security and defense benefits of investment projects 134

into economic zone 134

Table 4.23. Total investment efficiency in economic zone 134

(taking into account the effectiveness of ANQP) 134

Table 4.24. Factors affecting investment efficiency in economic zones ... 141

Table 5.1. Model for determining investment priority 162

Table 5.2. System of criteria for evaluating financial efficiency of investment 175

into economic zone 175

Table 5.3. Evaluation of investment efficiency in the investment phase of investment project 177

into the X177 economic zone

Table 5.4. Completing the investment management process in the 179 economic zone

List of figures, graphs

Diagram 1.1. Research contents of the thesis 8

Diagram 1.2. Logic of investment development project 10

Figure 1.3. Stakeholder Management Strategy Matrix 13

Figure 1.4. Cause and effect diagram applied to investment analysis 18

Figure 1.5. Problem solving process 19

Diagram 2.1. Programs and projects under the national target program ... 30

Diagram 2.2 Economic - social - environmental efficiency 43

Diagram 3.1. Capital sources of investment projects in economic zone 72

Diagram 3.2. Organizational model for managing investment projects in economic zone 93

Diagram 3.3 Project management organization model of Economic Zone 94

invested by Military Region 94

Diagram 3.4. Project management organization model of Economic Zone 95

invested by defense enterprises 95

Diagram 3.5. Project management organization model of Economic Zone 97

by the Economic and Technical Delegation as the investor 97

Figure 4.1. Main activities affecting investment efficiency 144

into economic zone 144

Diagram 5.1 Basic solution system for development investment158

Investment in developing economic and defense zones in Vietnam today - 1

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