China has started the One Belt One Road (OBOR) initiative for its own economic and peaceful purposes and declared OBOR a “win-win” strategy. China boosts state-backed lending to Asia in the quest to build OBOR. Vietnam has negative and pragmatic consideration on it because OBOR is mainly for China's national interests. Also, Vietnam enjoys the emergent market opportunity of the Association of Southeast Asian Nations Economic Community (AEC). Conclusively, Vietnam is hungry for capital loans and economic interests from China’s offer, yet Vietnam is also cautious of China’s intention in terms of facing political and security risks.
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)