The Impact of the World Trade Organization （WTO） Regime on Foreign Direct Investment （FDI） Flows to Vietnam： A Gravity Model Approach

Foreign direct investment （FDI） has taken an important role in Vietnam＇s development process since the launch of Renovation in 1986. After Vietnam＇s accession to the World Trade Organization （WTO）, a large amount of FDI capital flowed into the country, up to 143,950.3 million USD. Wherein, there was a switching of FDI capital from the manufacturing sector to the service one in tandem with a downward trend in the agriculture. Like the previous duration, Vietnam＇s FDI capital sources came mostly from Asia-Pacific region and European economies （net capital, technology exporters） probably caused by Vietnam＇s integration emphases on dynamic Asia-Pacific region. Geographical location of FDI was characterized by a concentration on the three main key economic regions： the Red River Delta （surrounding Ha Noi, Hai Phong, and Quang Ninh）, the Central region （surrounding Da Nang）, and the Southeast of the country （surrounding Ho Chi Minh City） owing to good infrastructure, abundance of skillful labor force, and large market size. By constructing a gravity model, using descriptive, quantitative methods and applying them to recent data set by Vietnam＇s authorities and the international organizations during the period from 1995 to 2011 of 18 Vietnam＇s major country partners, the author finds evidence broadly consistent with the prediction that the WTO has had a positive impact on FDI flows to Vietnam.

Research on the Threshold Effect of China’s Pharmaceutical Export Trade on Internal and External R&D Investment

Objective To study the threshold effect of export trade on internal and external R&D investment in China’s pharmaceutical industry,and to provide reference for some pharmaceutical enterprises to improve the investment.Methods The panel data of pharmaceutical industry in 25 provinces and cities in China from 2009 to 2019 were selected to conduct empirical analysis by establishing a threshold regression model,and a better export trade interval was obtained.Results and Conclusion There is a threshold value for the effect of new product export on both internal and external R&D expenditures,and the threshold values are 845.2788 million yuan and 318.4198 million yuan,respectively.There is a single threshold effect of export trade on both internal and external R&D investment in China’s pharmaceutical industry,and the effect of export trade on internal and external R&D investment changes from negative to positive as the export trade develops from low to high.

China-Europe Bilateral Trade and Investment Cooperation Shows Great Momentum

At a recent regular press con­ference of the CCPIT,the CCPIT Research Institute released the EU Business Environment Report 2022/2023.The report shows that in 2022,China-EU relations have remained stable,with a good momentum behind bilateral trade and investment cooperation.The bilateral cooperation has huge potential and brings about many op­portunities.

Rising Foreign Investment in China, Despite Trade Tensions

There has been no decline but rather a rise in foreign investment in China since the China-US trade dispute started earlier this year.In the first10months of this year,49,545new foreign-invested enterprises were set up nationwide,up89.3%over the same period last year,data from the Ministry of Commerce(MOC)showed.

Analysis on Rice Production and International Trade in Vietnam

This paper introduces Vietnam's climate condition,main rice production regions and analyses the expansion of rice planting area,rice cropping system during the last decades.The result from the change of rice production,planting area,yield,and rice trade indicates that the economic reforms in Vietnam from 1986 have contributed to a spectacular rise in rice production and exports.However,there are still problems and opportunities for rice production and export in Vietnam.The paper suggests that Vietnam should make the most use of the advanced international rice cultivars and technology to improve irrigation and water conservancy facilities to benefit rice farmer and consolidate Vietnam to be the major exporter of rice in the world market.

Compliance of Documentation Transfer Pricing Requirements in Foreign Direct Investment Enterprises in Vietnam

The increase of inter-boundary transactions brings a number of benefits for enterprises. However, even when benefits of transfer pricing are evident, multinational organizations still face legal challenges, including performing parts of transactions in another jurisdiction and motives of tax officials in investigating transfer pricing. This is especially true when countries do not want to lose benefits from tax collection. Therefore, many countries and organizations such as the Organization for Economic Cooperation and Development （OECD）, Pacific Association of Tax Administrators （PATA）, the European Union （EU）, and Vietnam have introduced requirements for transfer pricing documentation to prevent transfer pricing manipulation and maintain benefits from taxes. The aim of this research was to assess the compliance of those requirements of foreign direct investment （FDI） enterprises in Vietnam. This article which is a summary of our research includes the following sections： （1） OECD guidelines of transfer pricing documentation; （2） Vietnam regulations of transfer pricing documentation; （3） results of the research; and （4） discussion and conclusion.

Fujian Investment and Trade Talks

To help domestic and foreign investorsobtain a better understanding ofChina’s coal industry and strengtheneconomic and technological co-operation,13 institutions, including the Ministry of theCoal Industry and the provincial governmentof Fujian jointly sponsor the Fujian Investmentand Trade Talks at Xiamen in every September.During the 1995 talks, Chinese coal enterprisessigned 32 letters of intent, agreements orcontracts with foreign businessmen onconstruction. The total investment was US＄5.158 billion, including US＄ 3.438 billion offoreign capital. The trade talks were alsovery lively, with 33 contracts concluded,totaling US＄ 74.66 million.

Data Watch on China's Foreign Trade and Investment in the First Ten Months of 2011

China’s foreign trade in the first ten months of 2011 According to statistics of the Customs, China’s exports and imports in the first ten months of the year reached $2.97538 trillion, up 24.3% over the same period last year, 12 percentage

CHINA'S SERVICE TRADE MAKING USE OF FOREIGN INVESTMENT

At the initial stage of the economic reform and opening drive, the Chinese government encouraged foreign businessmen to invest in the industrial field, strictly confining foreign investment to the service trade. For a long period of time, China’s service trade has lagged far behind other developed countries, with such long existing problems

Effects of the Trade and Financial Governmental Policies on the Total Investment in Syria （1980-2010）

This paper attempts to investigate the effects of several financial and trade policies on the total investment in Syria, over the period 1980-2010 （before the current war）. The study employs Johansen co-integration test to check the presence of long-term relationship between explanatory and dependent variables. In addition, Vector Error Correction Model （VECM） further studies the causal relationship from dependent variable to independent variables. The Johansen co-integration test indicates a significant long-term relationship among the variables. Moreover, the Vector Error Correction Model also suggests the long run causality from the imports, exports, capital public expenditures, and subsidies to total investment. The study’s result indicates that the imports and the capital public expenditures played a significant role in supporting the total investment in the country before the war, while there was a negative role of exports in the total investment, and there was no impact of subsidies on the total investment. Before the war, foreign investment in Syria was over dominated by European Union. The paper proposes to diversify the target of investment flow to Syria, especially from China and the other BRICS countries that can take advantages from Syria and can support Syria economy after the war by the strategy of “One Road One Belt”. Theseresults may assist Syrian policy makers, after the war, to develop an economic plan that takes into account the effects of these policies to improve the total investment which will help Syria in rebuilding the economy.

China-Vietnam Trade and Economic Cooperation Deepens

In January of 2020,at a press conference held by the Vietnam Embassy in China,the Vietnamese Ambassador to China,Mr.Pham Sao Mai,said that it was very pleasing to see that the Vietnam-China relationship has remained stable overall in 2019,and has made positive progress in some areas of cooperation.He also said that 2020 will mark the 70th anniversary of the establishment of diplomatic relations between the two countries,and he hoped that both countries would deepen trade and economic cooperation and welcomed Chinese enterprises to invest more in Vietnam.

Challenges in Power Production Investment in Vietnam

This paper presents the results of the survey to initially assess the current situation of power supply chain development in Vietnam. The research team used questionnaires to identify challenges and barriers in power production investment. Surveyors came from power generation units, power transmission and distribution units, service providers for power plants, consulting agency and research institutes. The results indicated that there is a difference among enterprises’ barriers and difficulties in the management, finance and investment environment. This difference is related to the business profiles of the enterprise, its segment of the electricity generation market, capacity and experience in the market.

What is the impact on China of“Vietnam-EU Free Trade Agreement”?

On June 8,the National Assembly of Vietnam approved the"Vietnam-EU Free Trade Agreement"with a voting support rate of 94.62%and decided to adopt all the contents of the agreement.This agreement can contribute 2%-2.5%to Vietnam's GDP growth This agreement will take effect as soon as July and August this year.

18th China International Fair for Investment & Trade

ANY country with an international airport is at risk of Ebola virus infection. Thisis the somber warning from the World Health Organization （WHO） in the wake of the deadly epidemic that now has the world on the edge of its collec- tive seat. With the widespread infection of Ebola virus reported in West Africa, interna- tional cooperation has become essential to prevent the expansion of this terrible disease. The WHO has declared the outbreak to be ＂a public health emergency of international concern＂ and recommended that countries take measures to prevent the spread of the virus, most notably by strengthening surveillance at airports,issuing travel advisories and raising awareness about the disease and its preven- tion.

The Realization of a Strong Trade Power and China’s Direct Investment in SCO Countries

China’s path to becoming a strong trade power can be divided into three levels:the micro level of promoting factor cultivation,the meso level of achieving industrial dominance,and the macro level of participating in the establishment of the world system.As a feature of globalization,factor flow is the foundation and key to achieve the above three-level goals.In the first stage of reform and opening-up,China complied with the globalization characteristics of factor flow and gathered a large number of capital factors.It is now the second stage of reform and opening-up;that is,the stage of export-oriented investment.International investment may help in the path to become a strong trade power,or it may become an obstacle.The maximization of benefits and evasion of disadvantages are influenced by the grasp of investment risks.Therefore,special attention should be paid to identifying potential risks and controlling risks.

Achievements and Problems of Reform of Investment Management System for Shanghai Pilot Free Trade Zone

The establishment of Shanghai Pilot Free Trade Zone provides many possibilities for China's economic construction. This paper made a comparative analysis on investment management system of Shanghai Pilot Free Trade Zone and traditional investment management system,discussed achievements and problems of reform of investment management system of Shanghai Pilot Free Trade Zone,and finally came up with pertinent policy recommendations.