HANOI NATIONAL UNIVERSITY
UNIVERSITY OF ECONOMICS
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Le Quang Thang
Trade cooperation between Vietnam and some countries of the Gulf Cooperation Council
Major: Economics
Code: 60 31 07
MASTER'S THESIS IN ECONOMICS
Instructor: Associate Professor, Dr. Do Duc Dinh
HANOI - 2008
INDEX
LIST OF ABBREVIATIONS LIST OF TABLES
INTRODUCTION 1
1. Urgency of the topic
2. Research situation
3. Research purpose and tasks
4. Research object and scope
5. Research methods
6. Contribution of the thesis
7. Content and structure of the thesis
CONTENT 7
CHAPTER I: THEORETICAL AND PRACTICAL BASIS OF TRADE COOPERATION BETWEEN VIETNAM AND COOPERATION COUNCIL COUNTRIES
BAY AREA 7
1. Theoretical basis 7
1.1.1. Mercantilism 7
1.1.2. Absolute Advantage Theory 10
1.1.3. Theory of comparative advantage 14
1.1.4. Theoretical content of international trade based on scale (Economies of scale and international trade)… 18
1.1.5. Content of product life cycle theory (Vernon 1966) 19
1.2. Practical basis 21
1.2.1. Trade relations of the Gulf Cooperation Council in the world and with Vietnam 21
1.2.2. Vietnam's trade relations in the world and with GCC countries. 31
CHAPTER 2: TRADE COOPERATION BETWEEN VIETNAM AND SOME COUNTRIES BELONGING TO THE GULF COOPERATION COUNCIL 37
2.1. Trade cooperation between Vietnam and GCC countries. 37
2.1.1. Import and export turnover 37
2.1.2. Product structure 48
2.2. Trade cooperation between Vietnam and some countries mainly in GCC 50
2.2.1. Trade cooperation between Vietnam and Saudi Arabia 50
2.2.2. Trade cooperation between Vietnam and UAE 59
2.2.3. Trade cooperation between Vietnam and Kuwait 73
2.3. General assessment 79
2.3.1. Results achieved 79
2.3.2. Restrictions on trade cooperation 84
2.3.3. Causes. 87
CHAPTER 3: PROSPECTS AND SOLUTIONS TO PROMOTE TRADE COOPERATION BETWEEN VIETNAM AND THE GULF COOPERATION COUNCIL COUNTRIES
................................................................ ................................................................ ..............................90
3.1. Prospects for trade cooperation between Vietnam and GCC countries 90
3.1.1. Prospects for trade cooperation between Vietnam and UAE 92
3.1.2. Prospects for trade cooperation between Vietnam and Saudi Arabia 94
3.1.3. Prospects for trade cooperation between Vietnam and Kuwait 96
3.2. The Party's viewpoint on trade cooperation with GCC countries 97
3.3. Some solutions to strengthen trade relations between Vietnam and GCC countries 99
3.3.1. State solutions. 100
3.3.2. Solutions for businesses 115
CONCLUSION 125
REFERENCES 130
LIST OF TABLES
STT
Board | Content | Page | |
1 | Table 1.1 | Simple model of absolute advantage | 12 |
2 | Table 1.2 | Simple change model of absolute advantage | 13 |
3 | Table 1.3 | Simple model of comparative advantage | 16 |
4 | Table 1.4 | Simple model of comparative advantage | 17 |
5 | Table 1.5 | Regional Basic Indicators (2005) | 23 |
6 | Table 1.6 | GCC import and export situation in the world | 26 |
7 | Table 1.7 | Vietnam's trade turnover in the world (1986-2007) | 33 |
8 | Table 1.8 | Vietnam import and export market with world regions. | 35 |
9 | Table 2.1 | Import and export turnover between Vietnam and GCC | 46 |
10 | Table 2.2 | Trade turnover between Vietnam and world regions (Period 2002 – 2006) | 47 |
11 | Table 2.3 | Import and export turnover between Vietnam and Saudi Arabia (Period 1999 – 2006) | 54 |
12 | Table 2.4 | Import and export turnover between Vietnam and UAE (Period 1995 – 2006) | 63 |
13 | Table 2.5 | Value of Vietnamese exports to UAE (Period 2000 – 2006) | 65 |
14 | Table 2.6 | Import and export turnover between Vietnam and Kuwait | 77 |
15 | Figure 1.1 | Trading based on increasing returns to scale | 18 |
16 | Figure 1.2 | Product life cycle and international trade | 20 |
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LIST OF ABBREVIATIONS
1. Trade Promotion Trade Promotion
2. Import and Export
3. UN United Nations
4. FAO World Food Organization
5. UNESCO United Nations Educational, Scientific and Cultural Organization
6. UNCTAD United Nations Conference on Trade and Development
7. GDP Gross Domestic Product
8. GCC Gulf Cooperation Council
9. ASEAN Association of Southeast Asian Nations 10.IMF International Monetary Fund
11.WB World Bank 12.ASEM Asia-Europe Cooperation Forum
13.APEC Asia-Pacific Economic Cooperation Forum 14.WTO World Trade Organization
15.OPEC Organization of the Petroleum Exporting Countries 16.AFTA Free Trade Agreement 17.MFN Most Favored Nation
18.L/C Payment by letter of credit
19. CAD Payment by bank card 20.CNTB Capitalism 21.CARICOM Caribbean Community
22. ECOWAS Economic Community of West African States 23.CEMAC Economic Community of Central African States
24. EAC East Asian Community
25. CSN Community of South American Nations
26. SACU Southern African Commission
27. COMESA Common Market for Eastern and Southern Africa
28. NAFTA North American Free Trade Agreement
29. SAARC South Asian Association for Regional Cooperation
30. AGADIR Treaty of Agadir
31. MENA Middle East and North Africa Region
32. ASIAD Asian Games
INTRODUCTION
1. Urgency of the topic
In the context of current international economic integration, Vietnam is making efforts to expand relations in all aspects with friends from all over the world to strengthen its position in the international arena. Consistently implementing the foreign policy of independence, self-reliance, peace, cooperation and development, Vietnam is increasingly expanding its foreign policy of multilateralization, diversification of international relations, and actively integrating into the international economy. Vietnam is a friend and reliable partner of countries in the international community, actively participating in the process of international and regional cooperation.
Since 1986, Vietnam has implemented an open-door policy, abolished subsidies and gradually shifted to a multi-sector economy under a market mechanism under state management. Therefore, the economy has gradually escaped the crisis and achieved many important achievements. Foreign economic relations have also developed increasingly strongly since then. Vietnam's international relations have been established, are going deep, stable and sustainable. Vietnam develops relations with all countries, territories in the world and international organizations according to the following principles: respect for independence, sovereignty, non-interference in each other's internal affairs; resolving disagreements and disputes through peaceful negotiations; mutual respect, equality and mutual benefit.
The Gulf Cooperation Council (GCC) is the largest and richest organization in the Middle East, established on May 25, 1981. The GCC has 6 member countries including: Bahrain, Kuwait, Qatar, Saudi Arabia, Oman and the United Arab Emirates (AUE). This is a labor-importing region and rich in oil resources, accounting for 50% of the world's oil reserves.
world. Therefore, the GCC is increasingly playing a dominant role in the world oil market.
The relationship between Vietnam and the countries in the Gulf Cooperation Council was first established on January 10, 1976 in the relationship between Vietnam and Kuwait. Vietnam and the countries in the GCC region have many similarities because they are all developing countries with conditions for complementary cooperation in economy, labor, natural resources, etc. This is the premise to accelerate the relationship for the benefit of each side. However, this relationship is still not commensurate with the economic, political and diplomatic potential of each side. Economic cooperation is still mainly trade cooperation, other areas of economic cooperation are very limited. In recent years, the Vietnamese government and the governments of the GCC countries have had many mutual visits, opening up many opportunities for economic cooperation between the two sides, enhancing trade cooperation and some other areas. Currently, the economic cooperation between Vietnam and the GCC countries is mainly trade cooperation. Therefore, the study of trade cooperation between Vietnam and the Gulf Cooperation Council in general and trade relations between Vietnam and key countries in this region is very necessary and has high practical significance for the benefit of each side. Therefore, I decided to choose the topic: "Trade cooperation between Vietnam and some countries in the Gulf Cooperation Council" as the topic of my master's thesis.
2. Research situation
Trade cooperation between Vietnam and countries in the Gulf Cooperation Council in recent years has increased significantly, including import-export structure and commodity structure. However, this cooperation is still not much, so domestic and foreign research projects on the relationship