越南产业资本配置效率及其对经济走廊基础设施投资的影响

Capital Allocation Efficiency of Vietnam Industries and the Effects on Infrastructure Investment of Economic Corridor

实证分析表明,国际金融危机之后越南产业的投资结构、产值结构与资本配置效率等发生了比较明显的变化。投资比重与产值比重之间存在着显著的非线性关系。社会资本(包括海外资本)参与那些与"中国—中南半岛经济走廊"基础设施互联互通密切相关的建筑业、运输仓储业、信息通信业等产业,既有机遇,也有风险。虽然一部分产业的资本投资效率不高,但是产业未来的发展空间较大,需要引入更加先进的生产技术和标准。中越两国可以在一带一路战略、亚洲基础设施投资银行框架下深化这些领域的合作。

Empirical analysises show that investment structure, output structure and capital allocation effi- ciency change greatly after international financial crisis. There is nonlinear relationship between investment structure and output structure. Social capital including oversea capital is injected to construction, transport and storage, information and communication industry which are related to China-Indo-China peninsula economic cor- ridor. Opportunity and Risk are co-existed. Lower efficiency usually means larger development space by intro- duce technologies and criteria into these three industries. In the framework of OBOR and AIIB, Sino-Vietnam can deepen cooperation in the fields.