Construction work at the Vietnam-China Economic and Trade Cooperation Park in Vietnam's Haiphong city. Photo: Cissy Zhou/SCMP
Le Hong Hiep
Opinion

Opinion

Le Hong Hiep

Vietnam’s dilemma with Chinese infrastructure investment: should it choose growth or security?

  • China appeared to be a key factor in the Vietnamese government’s recent decision to stop foreign investors from funding its North-South Expressway
  • Financing the project is now a concern but Hanoi has shown that security concerns do trump development needs, given that it has also ruled out Chinese tech firm Huawei from its national 5G roll-out

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Construction work at the Vietnam-China Economic and Trade Cooperation Park in Vietnam's Haiphong city. Photo: Cissy Zhou/SCMP
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Seven and half years after the China-Malaysia Qinzhou Industrial Park opened, the first phase of the park, which covers an area about a tenth the size of Hong Kong Island, is still struggling to find enough business to fill its largely empty units. Photos: He Huifeng

China’s free-trade zone on its border with Vietnam is fighting an uphill battle to woo investors amid US trade war

  • The China-Malaysia Qinzhou Industrial Park was opened in April 2012, but remains a remote, muddy wasteland without enough business to fill its largely empty units
  • China has tens of thousands of the designated areas across the country offering a range of incentives, but investors are still seeking overseas alternatives
Topic |   China economy

TOP PICKS

Seven and half years after the China-Malaysia Qinzhou Industrial Park opened, the first phase of the park, which covers an area about a tenth the size of Hong Kong Island, is still struggling to find enough business to fill its largely empty units. Photos: He Huifeng
READ FULL ARTICLE