Vietnam’s Land Border Trade Policy: Current Situation and Solutions in the New Context

Abstract

In the process of international and regional economic integration, land border trade plays an increasingly important role in promoting socio-economic development, improving people’s lives and strengthening national defense and security in Vietnam’s land border areas. Especially, in the current new context of strong fluctuations in the global supply chain, rapid development of e-commerce, the requirements for sustainable development are increasingly emphasized and have become an invitable trend, while non-traditional security issues are also becoming increasingly complex. The completion of the land border trade policy has become urgent to improve trade efficiency, support local economic development and protect national sovereignty. The article presents and analyzes the current status of Vietnam’s land border trade policy, especially with three neighboring countries sharing a land border with Vietnam: China, Laos and Cambodia; thereby, proposing a number of solutions to improve the policy in a suitable, effective and sustainable manner.