1 WTO 8400 (2005 ) (regionalization)(globalization) ASEAN (AFTA)ASEAN (FTA WTO WTO AFTA 2006 ASEAN FTA WTO (FDI) FDI W

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2

1 WTO 8400 (2005 ) (regionalization)(globalization) ASEAN (AFTA)ASEAN (FTA WTO WTO 2006 11 2007 1 AFTA 2006 ASEAN FTA 2005 7 2015 2001 WTO (FDI) FDI WTO FDI II III WTO IV 1. 35 80 ASEAN 111

80 2-1- 50 2-1-1 2002 45 60 40 2-1-2 112

2-1-2 %) SITC code 1998 2002 2003 1. 31.1 21.3 19.2 1a. (0,1,4,22) 29.5 19.2 17.0 1b. 0.0 0.0 0.0 (21,23-26,29, 266) 1.6 2.1 2.2 2. 16.0 21.9 20.1 2a. (27,28) 0.3 0.3 0.4 2b. (3) 15.5 21.4 19.5 2c. (68) 0.2 0.1 0.2 3. 52.9 56.9 60.7 3a. 1.0 1.1 1.6 3a1. (67) 0.1 0.1 0.3 3a2. (5) 0.9 1.0 1.4 3b. 8.1 7.5 8.3 3b1. (71) 0.3 0.7 0.6 3b2. (72,74) 0.4 1.1 1.2 3b3. (75,76) 1.0 1.2 1.8 3b4. (77) 6.0 3.8 3.6 3b5. (78,79) 0.4 0.8 1.2 3c. 43.9 48.2 50.7 3c1. (65,84) 16.3 17.2 21.1 3c2. (85) 17.9 18.8 16.9 3c3. (82) 2.3 3.8 4.5 3c4. (83) 2.3 2.0 1.9 3c5. 0.0 0.0 0.0 (266,61-64,66,8,931 82-85) 5.1 6.4 6.3 100.0 100.0 100.0 : 1998 2002 10 2004 1 i i 1 200680 1999 113

i = X-MX+M X M i 2-1-3 2-1-3 i=(x-m)/(x+m) X:, M: 2 114

3 2. 2005 7 9 (JBIC) 2005 11 4 27.7 9.5 18.1 9.8 8 10.3JBIC 2006 11 3 115

5 2 2000 40-50 WTO 3 3. 1990 90 80 1989 97 90 90 90 2002 6 52 7 2 Thoi bao kinh te Saigon, 2006 10 5 3 Gfk Asia 2006 24 2007 30 2010 50 Thoi bao kinh te Saigon, 2006 10 5 116

1998 2000 150 ( 200 ) 60 2000 8 9 18 5000 11 2002 110 52 7 4 4 42 28 117

2-1-4 10 6 60 ( ) 2001 40 17 2002 10 20 3050 ( 2-1-4) 2002 60 2002 39 VEAM30 1996 3 97 118

3 ABC A B A 2002 30( 70)B 2003 28 C 2003 13 2006 18 100 2-1-4 1998 5 2006 18 1998 8 13 100 2 100 FDI WTO 4.WTO WTO 1995 WTO 26 2 2006 11 7 WTO 150 2007 1 11 5 5 2006 12 19 119

WTO 6 17.4 13.4% 3 12 5 16.8 12.6 23.5 20.9 1 48.7 WTO 19.9 45 27 34.6 22.3 29.8 18.3 2 10 25 3 74.4 58.7 100 72.2 WTO WTO TRIM (Permanent Normal Trade Relations ( PNTR) (unconditional MFN) 2001 12 10 WTO PNTR 6 WTOThoi bao kinh te Saigon2006 11 9 World Bank (2006) World Bank (2006) 120

WTO 2001 TRIM WTO 5. (1) WTO WTO AFTA ASEAN FTA WTO A. B. C. D. E A,B,C ABC ASEAN 121

FDIASEAN E 7 2005 JBIC 4 1 2 8 2 2 9 (2) FDI FDI 1987 FDI 1990 FDI 1996 7 Tran (2006) 8 1990 5 9 JBIC 2006 3 2 2006 122

FDI 99 2000 5 2003 3 2005 2006 2003 FDI 2006 WTO FDI FDI 90 2004 2006 2-1-5 2-1-5 123

FDI JBIC 2003 2004 11 2 2004 12 19 FDI 2-1-6 FDI 3 2-1-6 100 2005 FDI( 1,738 2389 4722 40633 25869 1 224 437 600 6290 4669 2 124 164 403 7611 3621 3 340 592 1064 5338 2591 4 453 367 1422 7769 2831 5 48 33 62 1996 1924 6 198 408 360 3728 1986 8 7 24 164 2171 1188 9 84 172 184 1571 840 10 75 157 265 1455 747 11 5 28 130 1456 804 12 180 6 68 1248 636 2,222 4268 6030 51018 27986 124

JBIC WTO FDI FDI 125

2 1986 () 2007 1 11 WTO WTO 1 2 3 WTO 1. 1986 12 1988 1 1990 1991 1999 WTO 1 Yui and Phan (2006) 127

VAT 1980 1990 1989 1990 1990 1999 1999 1999 3 1 1999 32 2 25 28-50 3 1999 2004 2004 2004 5 1 2004 28 2 2004 3 128

4 2-2- 2 1990 2000 25 3 2-2-1 1991 2003 3 129

2-2-2 70% 4 WTO 2-2-2 2006 4 2005 130

2-2-3 5 (TIN) () 6 2-2-3 131

2. 7 FDI 8 132

2004 2004 (Zee etc 2002 Fletcher 2002 and OECD 2001 133

9 3. 2004 1 164/2003/ND-CP 152/2004/ND-CP 10 2006 7 1 2006 9 22 108/2006/ND-CP 11 28 201510 10 12 15 12 AB 13 A I. IT II. III. R&DIV. V. VI. 13 134

VII. I. IT II. III. R&DIV. V. VI. VII. VIII. B 14 2004 2000 2000 7 31 24/2000/ND-CP2003 3 19 27/2003/ND-CP 164/2003/ND-CP 152/2004/ND-CP 2-2-4 135

136

2007 2 14 164/2003/ND-CP 152/2004/ND-CP 24/2007/ND-CP 15 WTO 2007 2007 WTO 2007 1 11 2011 108/2006/ND-CP 2-2-5 16 15 16 137

1 2 2 2 3 2 3 2 4 20 10 2 6 2 5 15 12 3 2 7 5 6 10% 15 4 2 9 5 7 8 10 4 9 10% 15 4 2 9 5 2005 Decree 108/2006/ND-CP 28 138

17 (1) (2) (3) WTO 139

MPI 18 MPI 2-2-6 2005 29 108/2006/ND-CP 2-2-6 3,000 VND 3,000 VND MPI 1 140

2 3 19 2-2-7 FDI19882006 20 19 2004 10 19 Decision 183/2004/QD-TTG 60GDP 10 141

20 65 85 FDI 100 FDI 2-2-8 1988 2005 142

90 Daukhi 25.8 2-2-9 22 20 15 GDP 40 20 GDP 1700 290 2-2-7 2-2-10 FDI 2000 2005 FDI FDI FDI 20 143

67 2 FDI 144

2006 2002Vietnam News SMEs fail to meet great expectations 3 July 2004 96%GDP 26% 6.4% 21 35.8% 24.3% 16.6% 55% 17% 14%14% 22 2001 11 23 //ND-CP //ND-CP 1 3 100 300 20 200 2006 GDP 25% 26 23 2010 50 270 180 1 24 //ND-CP 25 145

2002 26 2-2-11 5 5-10 10-50 50-100 100-500 500-2000 2000-5000 5000 8 30-50 20-30 5 205-10 10-50 10 IT 27 146

FDI WTO WTO 2007 1 11 150 2010 2004 12 2008 Yui Yuji and Phan Hong Phuc 2006 World Bank 2004 Zee etc 2004 WTO 147

148

Decree 24/2007/ND-CP 2007 2 14 2006 Decree 24/2007/ND-CP Decree 24/2007/ND-CP 1 2 2 2 3 2 3 2 4 5 20 10 2 6 2 15 12 3 2 7 5 6 10% 15 4 2 9 5 7 8 10 4 9 10% 15 4 2 9 5 2005 Decree 108/2006/ND-CP 28

Decree 24/2007/ND-CP WTO i) 2007 ii) 2007 iii) WTO 2007111 2011 20052006922 Decree 108/2006/ND-CP 20061025 Decree 24/2007/ND-CP i) 200445 Decision 53/2004/QD-TTg ii) iii) 20001120 Decision 128/2000/QD-TTg

iii) Decision 128/2000/QD-TTg 2005 2006 9 8 3328/TCT-PCCS ii) i) Decision 53/2004/QD-TTg 10 Decree 24/2007/ND-CP 10 15 Decree24/2007/ND-CP Decision 53/2004/QD-TTg Decree 24/2007/ND-CP Decision 53/2004/QD-TTg 10 Decree 24/2007/ND-CP WTO 2005 11 11 3 5 2011

2000 7 31 2003 3 19 2003 12 22 2004 8 6 2006 9 22 2007 2 14 2000 8 1 2003 5 7 2004 1 7 2004 8 29 2006 10 25 15 Decree 24/2000/ND-CP 15% 2 3 Decree 27/2003/ND-CP 15% 2 Decree 164/2003/ND- CP Decree 152/2004/ND- CP Decree 108/2006/ND- CP 2 2 15% 12 3 7 15% 12 3 7 Decree 24/2007/ND-CP 15% 12 3 7 Decree 164/2003/ND- CP Decree 27/2003/ND-CP 15 15 3 7

3 1. 1976 1986 6 1988 1 1990 1996 2000 7 2005 3 2 2000 2 2003 22 2006 11 68 2006 7 200 1 WTO 2006 7 M&A 1 ATM 153

2. (1)SBVState Bank of Vietnam 1951 2 1998 Industrial and Commercial Bank of Vietnam Vietnam Bank for Agriculture and Rural Development1990 1997 (2)(SOCBState-Owned Commercial Bank) 1001999 IMF BIDVBank for Investment and Development of Vietnam 1957 1995 90 154

2007 VBARDVietnam Bank for Agriculture and Rural Development 1988 1996 VCBBank for Foreign Trade of Vietnam 1963 Vietcom Bank 1989 2005 2006 2010 51 ICBIndustrial and Commercial Bank of Vietnam 1988 90 1990 2007 (3) JSBJoint Stock Bank JSB 1990 1999 1999 52 2004 35 26 JSB 155

JSB 2-3-1 TBKTSG2005 9 4 VID BIDV VCB ICB VBARD CP 1991 2006 9 28 156

1989 2-3-2 4 Source:IMF Country Report Vietnam No.02/5(jun 2002), IMF Country Report Vietnam No.03/382(Dec 2003) ODA 157

JICA CGFCredit Guarantee Funds 3 3. (1) 90 90 1999 2 26 0.1 2002 7 0.252006 12 0.5 2-3-3 WTO 158

2005 1 IMF (2) SBV2000 8 2002 6 2 2002 6 2-3-4 2 1998 14.4% 1999 12.7%2000 10.5%2001 9.4% IMF 159

3 12 3 IMF 2002 2003 2004 2004 2005 2004 2005 2-3-5 3 2007 2 4.85% 8.4% 3.55% 2007 3 160

GDP 20062007 IMF IMF 2006 2007 4.WTO 2007 1 WTO M&A 161

M&A 2007 1 100% CITIBANKHSBCWTO 4 (1) 1 1 2007 3 5 6 2000 1990 ATM 2002 ATM 2002 1996 2001 5 2 5 3 300% 350 7 2006 ATM( 2-3-6) 4 2010 5 6 2006 10 72.9% 2005 1.26%BIDV 1.22% 1.56% 23~35% VIET.JOhttp://viet-jo.com/ 7 VIET.JOATM 350 http://viet-jo.com/ 162

2-3-6 ATM 2007 2006 9 15 WTO ATM (2) 1999 2007 1 Bao Minh CMG Dai-ichi Life Insurance Company of VietnamLimited 163

2005 M&A Bao Minh CMG 1999 5 2004 5 8 1999 4 2001 224 60% 2 2005 8000 VND5 300 US$ 2 2 Bao Minh CMG (3) WTO APEC VN Index () 2006 9 500 APEC WTO 800 8 2004 1 40.19%2 39.63%3 11.58%4 AIA5.95%5 Bao Minh CMG 2.66% 164

2006 5. (2006 ) (1) 1 UFJ 3 2-3-7 2006 9 UFJ 2 Fax (2) ATM( 165

) 9 (3) 10 FAX FAX Overdraft() 11 12 9 ATMVISA ATMPLUSMasterATM CirrusATMPLUSCirrus ATM 10 OS PCOSPC 12 166

ATM 167

4 1986 1997 2000 2005 8.42006 7.6 2000 7 1998 618 50 200 30 150 2001 11 23 Decree of the government on supporting of Small and Medium EnterprisesDecree 90/2001/CP-ND 3 300 100 169

300 2003 68,687 95.4 2004 88,222 96.1 28.4 2-4- 3 2-4-1 2-4-2 2003 2-4-3 2004 170

2000 354 2004 577 4 1.6 2000 2004 4 2.3 2-4-4 2-4-4 2000 2004 83,188 2000 34,699 2.4 2-4-1 300 2003 63,009 2004 82,192 30.4 2004 50 90 2-4-32-4-4 2-4-5 2004 2000 2 2242004 1 21.8 2 10.4 3 9.62000 2004 171

2-4-5 2004 291 18 2010 50 2-4-1 Decree 90/2001/CP-ND90 2002 20042008 1 1 3 100 300 4 5 2 6 172

7 8 10 11 3 12 13 173

14 15 16 17 18 174

1 2006 6 2006 3 2010 2006 10 2004 12 2005 3 2005 2005 7 2 1 WTO 1999 25 2 pp. 27-56. 2005a FTA 9 pp.156-179. 2005b 16 12 pp. 49-58. (2006)ASEAN- FTA: 25 2 pp.47-67. Tran Van Tho (2006), FDI and Economic Development: The Case of Vietnam, in Urata, Shujiro, Kimura Fukunari and Chia Siow Yue, eds., Multinationals, Economic Growth in East Asia: Foreign Direct Investment, Corporate Strategy and National Economic Development, Routledge, New York, pp. 393-422. World Bank (2006), Taking Stock: An Update on Vietnam s Economic Developments by the World Bank in Vietnam, Consultative Group Meeting for Vietnam, Hanoi, December 14-15. 2 Bernardi, L. A. Fraschini and P. Shome (2006) Tax Systems and Tax Reforms in South and East Asia, Routledge Taylor & Fransis Group: NY Bird, M., Richard (1996), Why Tax Corporations? Working Paper 96-02, Toronto: University of Toronto, International Centre for Tax Studies De Mooij, Ruuud, A. and J.P. Ederveen (2003), 'Taxation and foreign direct investment: a synthesis of empirical research', International Tax and Public Finance, 10, pp. 673-693, - 175 -

Eaason, Alex (2001a), Tax Incentives for Foreign Direct Investment - Part I: Recent Trends and Countertrends, International Bureau of Fiscal Documentation, Vol. 55, No.7 pp.266-274 Eaason, Alex (2001b), Tax Incentives for Foreign Direct Investment - Part II: Design Considerations, International Bureau of Fiscal Documentation, Vol. 55, No.8, pp.365-375 Fletcher, Kevin (2002), Tax Incentives in Cambodia, Lao PDR, and Vietnam, Paper presented at the IMF Conference on Foreign Direct Investment: Opportunities and Challenges for Cambodia, Lao PDR, and Vietnam, Hanoi, Vietnam August 16-17 Liem, Bui (2006) SME Development in Vietnam Achievements and Challenges, paper presented at the Vietnam-Japan Round-table Conference on SME Policy in Vietnam under the Impact of Globalization, Hanoi 31 August 1 September 2006. Magnus Blomstrom, Ari Kokko (2003), The Economics of Foreign Direct Investment Incentives, NBER Working Paper, No. 9489 McLure Jr. Charles (1999), Tax Holidays and Investment Incentives A Comparative Analysis, International Bureau of Fiscal Documentation, Vol. 53, No.8/9, pp.326-339 Mintz, Jack (1990), Corporate Tax Holidays and Investment, The World Bank Economic Review, Vol. 4 (1) pp.81-102 Mintz, Jack (2004), The Changing Structure of Tax Policies for Foreign Direct Investment in Developing Countries, Paper for the Andrew Young School's Fourth Annual Conference on Public Finance Issues in an International Perspective: The Challenges of Tax Reform in a Global Economy, May 24-25, 2004, The Andrew Young School of Policy Studies, Georgia State University OECD (2001) Corporate Tax Incentives for Foreign Direct Investment, OECD Tax Policy Studies, No.4, Shah, Answer (1995), Fiscal Incentives for Investment and Innovation, Oxford University Press, UK World Bank (2004) Viet Nam - Development Report 2005 - Governance, Vol. 1, Report No. 30462-VN Yui Yuji and Phan Hong Phuc (2006) Corporate Income Tax Reform in Vietnam, The Final Report of the Joint Research Program on the Vietnamese Tax System, March 2006, Tax Policy Department, Ministry of Finance, Socialist Republic of Vietnam and Policy Research Institute, Ministry of Finance, Japan Zee, Howell H, A, E, Asson, J. Issac, S. Shibasaki, and S.Wakefield (2004), VIETNAM: - 176 -

An assessment of the major taxes, August, 2004, IMF Zee, Howell H., Stotsky, Janet G., and Ley, Eduardo (2002), "Tax Incentives for Business Investment: A Primer for Policy Makers in Developing Countries," World Development, Vol. 30(9), pages 1497-1516. Knockback for localised FDI licensing lobby, Vietnam Investment Review, No. 481/1-7 January 2001 p.1 and p.4 SMEs fail to meet great expectations 3 July 2004, Vietnam News (URL http://vietnamnews.vnanet.vn/2004-07/02/stories/14.htm 2006 32 2002 pp.193-210 2004 2006 3 (URL http://www.jetro.go.jp/biz/world/asia/vn/) No. 8 pp. 22-58 2002 3 WTO 2007 2 2006 9 2006 3 2004 3 2005 2006 3 2006 4 2006 3 2006 8 UFJ 2006 1 UFJ 2006 8-177 -

4 2002 32 131 2001 12 15 2006 6 Vol.45(17-9)2006/3/29-178 -