Title Page
ABSTRACT
Contents
ABBREVIATIONS 12
Chapter I. INTRODUCTION 14
I. Overview 14
II. Research methodology 17
III. Subject and scope of the study 17
Chapter II. BENEFITS AND CHALLENGES FOR FOREIGN INVESTORS INVESTING IN FREE ECONOMIC ZONES IN KOREA 18
I. Characteristics of Korean Free Economic Zones 18
1.1. Formation and development of Free Economic Zones in Korea 18
1.2. Characteristics of Free Economic Zones in Korea 20
II. Benefits for foreign investors investing in Korean Free Economic Zones 30
1.1. How to invest in Korean Free Economic Zones 30
1.2. Benefits for foreign investors investing into Korean Free Economic Zones 33
III. Challenges to foreign investors 38
CHAPTER III. OPPORTUNITIES AND DIFFICULTIES FOR FOREIGN INVESTORS INVESTING IN CHINA'S SEPCIAL ECONOMIC ZONES 45
I. Highlights in Shenzhen Economic Zones in China 45
1.1. Formation and development of Shenzhen Special Economic Zone 46
1.2. Achievements and features of Shenzhen Special Economic Zones 51
1.3. Negative aspects of Special Economic Zones in China 56
II. Opportunities for foreign investor in Shenzhen Special Economic Zones 57
2.1. Application process for foreign investors to invest in Shenzhen Special Economic Zone 58
2.2. Special offers to attract foreign investor in China's Special Economic Zones 60
III. Difficulties for foreign investors in Special Economic Zones in China 63
Chapter IV. CURRENT STATUS OF KEY ECONOMIC REGIONS AND ECONOMIC ZONES IN VIETNAM 67
I. Current economy in Vietnam 67
II. The characteristics of the Vietnamese economy 71
2.1. Why Vietnam 71
2.2. The Vietnamese key economic regions 78
III. Typical types of economic zones in Vietnam 102
3.1. Economic zone 104
3.2. Industrial park 108
CHAPTER V. LEGAL ISSUES ON THE DRAFT SPECIAL ADMINISTRATIVE - ECONOMIC UNITS LAW AND PROPOSALS TO VIETNAMESE GOVERNMENT AND INVESTORS 113
I. Legal issues on the draft Special Administrative - Economic Units Law 113
1.1. The strengths of the draft Special Administrative - Economic Units Law 113
1.2. The shortcomings of the draft Special Administrative - Economic Units Law 116
II. Proposal to Vietnamese Government through lessons from South Korea and China 118
2.1. Proposal to Vietnamese Government in making Special Administrative - Economic Units Law 119
2.2. Proposal to Vietnamese Government in establishing and operating Special Administrative - Economic Units Law 123
CHAPTER VI. SUGGESTIONS TO VIETNAMESE INVESTORS INVESTING INTO OTHER COUNTRIES' SPECIAL ECONOMIC ZONES AND VIETNAM'S FUTURE SPECIAL ADMINISTRATIVE - ECONOMIC UNITS 132
CHAPTER VII. CONCLUSION 136
REFERENCES 138
Figure 1. Tariff rate, applied, weighted mean, manufactured products 69
Figure 2. The GDP Growth in Vietnam from 2005 to 2015 73
Figure 3. GDP Per Capita (US $/ person) in Vietnam from 2005 to (estimated) 2020 74