The Adjustment of China’s Foreign Investment Policy and Law - Lessons for Vietnam

Le Ngoc Mai
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Abstract

In recent years, China's economy has made impressive leaps. The success of China is based on many factors, of which foreign investment is an important factor. Famous as the world's factory, China is a country with great potential to attract investment. In 2020, China was one of the five largest FDI recipients in the world. With reported inflows reaching an all-time high, China continued to be the second-largest FDI recipient after the United States [1]. FDI growth in China continued in 2020, with an increase of 6% to $149 billion, reflecting the country’s success in containing the pandemic and its rapid GDP recovery. The growth was driven by technology-related industries, e-commerce and research and development [2]. These results are due to the process of adjusting laws to be compatible with each stage of the country's development, which are experiences that Vietnam should learn from. In this article, I will clarify the changes in foreign investment policy and law that China has made over the years and propose lessons learned for Vietnam.
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中国外商投资政策与法律的调整——对越南的启示
近年来,中国经济取得了令人瞩目的飞跃。中国的成功基于许多因素,其中外商投资是一个重要因素。中国素有“世界工厂”之称,是一个具有巨大招商引资潜力的国家。2020年,中国已成为全球五大外商直接投资来源国之一。据报道,中国的FDI流入达到历史最高水平,继续成为仅次于美国的第二大FDI接受国[1]。2020年,中国的外国直接投资继续增长,增长6%,达到1490亿美元,这反映出中国成功遏制了大流行并迅速恢复了国内生产总值。技术相关产业、电子商务和研发等拉动了这一增长[2]。这些结果是由于调整法律以适应国家发展的各个阶段的过程,这是越南应该学习的经验。在这篇文章中,我将澄清中国多年来在外国投资政策和法律方面的变化,并为越南提出经验教训。
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