A Comparative Study of Trade Relations and the Spatial-Temporal Evolution of Geo-Economy between China and Vietnam

Abstract

Abstract:With the increasing economic importance of the Asia-Pacific Region, the economic interdependence among countries in the region has gradually enhanced. With the continuous opening up of the two countries, Sino-Vietnamese economic relations have also been deepened. However, the export trade between Vietnam and China has been competitive. China and Vietnam seek to dominate or join an agreement that is conducive to their own trade, which also exacerbates the trade competition between the two countries. This paper compares China and Vietnam and analyzes their foreign trade data from 2005 to 2014. By analyzing the competitiveness of export commodities, the trade division effect and spatio-temporal changes of the geo-economic relationship in the Asia-Pacific Region, this study explores Sino-Vietnamese trade relations and compares the pattern of geo-economic evolution between the two countries. The findings show that China and Vietnam have similarities and substitutability in textiles, apparel and footwear in terms of commodity structure. There is already a trade diversion effect between Vietnam and China on these commodities, but it is not substantial. From a geographic perspective, China's geo-economic relations in the Pacific Rim present an increasingly dispersed trend. However, the spatial pattern of Vietnam's geo-economy has maintained a low-level and stable spatial agglomeration over the last decade.

U.S.‐China trade war and competitive advantage of Vietnam

“…The BRI nations Poland, Austria, and the Czech Republic collectively account for 17.9% of the region's untapped potential, offering a direct route into the EU (Cameron, Cuyvers, Fu, & Viviers, 2021). Ma, Liu, and Ge (2017) East Asia (ERIA) in 2020 (Pan et al, 2021).…”

“…Ma, Liu, and Ge (2017) assessed the competitiveness of China and Vietnam based on Relative Trade Advantages (RTAs) covering trade data from 2005 to 2014 and found that Vietnam was more competitive in apparel, clothing, and footwear than China. The U.S.‐China trade war opened up market opportunities for other countries, especially Vietnam, because of its low labor costs and flexible production capacity (Itakura, 2020; Tien & Anh, 2019; Tien, Vu, Dung, Doan, & Duc, 2019; Wang, 2020).…”

Use of Variators in Applying the Cost Calculation Methodology in Small and Medium Furniture Enterprises Based on Changes in Human Body Dimensions

“…With the increasing economic importance, customers are becoming increasingly demanding (Ma et al, 2017). These demands put pressure on businesses to establish innovations in their work, for example by outsourcing the maintenance operations for building equipment (David et al, 2017;Gilson et al, 2016).…”

Evaluation Of The Composite Export Similarity Index On The Example Of China

“…); countries of Middle East specialized in the export of raw materials and fossil fuels little to none overlap with Chinese exports (Saudi Arabia, Iran, Qatar, Kuwait). The growing competition between China and Vietnam in textiles, apparel and clothing, and footwear was outlined in 2017 in an extensive study of comparative trade relations of these countries (Ma et al, 2017). Outlined developments in trade are also accompanied by similar changes in finances and politics with Vietnam becoming the new destination of USA foreign investment infusions while the modernization of the country and rapid development of IT and hi-tech industries are continually pushing the competition with China even further (Pritesh, 2020).…”