Corporate management in Vietnam, Laos and Cambodia after accession to AFTA and WTO

本研究考察了2005年至2009年CLV（越南、老挝、柬埔寨）的企业管理特点及其在加入AFTA和WTO后经济一体化时期的变化。本研究的意义在于从企业层面对三国进行同步调查。结果显示，中国的“南向”政策在三国都很突出，证券交易所的开放对该地区的经济发展起到了重要的引爆作用。越南于2007年1月加入WTO，从一个拥有大量廉价劳动力的发展中国家转变为一个正在努力提高生产率和质量的新兴工业化国家。老挝的基础设施，特别是陆路交通，由于东西经济走廊和其他发展而得到改善，目前有许多卫星工厂在泰国运营。更重要的是， ...更多信息 矿产资源和旅游业的增长，虽然引起了“荷兰病”的关注。“在柬埔寨，缝纫公司的出口迅速增加，但该行业现在已经两极分化，生产率和质量较低的公司正在倒闭。相反，希望金边经济特区能够促进广泛的制造业企业的投资。此外，越南的企业正在积极投资老挝和柬埔寨，同时，中国云南省的企业也在促进对CLV的投资。虽然CLV在湄公河三角洲国家中落后，但它现在正在成为亚洲的增长中心。2015年东盟共同体的成立加速了这些情况。日本是最大的ODA（官方发展援助）捐助国，并于2008年12月与越南签署了EPA（经济伙伴协定）。日本在越南的存在正在扩大，两国之间的经济关系有望进一步发展。另一方面，希望日本私营部门在老挝和柬埔寨增加投资，以便日本能够为CLV的持续经济发展做出贡献。预计这将由计划于2009年在柬埔寨和2010年在老挝开设的证券交易所引发，韩国证券交易所正在支持这一计划。越南证券交易所的波动经验肯定会成为两国市场管理和股票投资的宝贵经验。即使在全球经济衰退的时候，CLV预计2009年的经济增长至少为5%。未来应继续关注CLV的经济发展和企业活动，因为其成功可能决定东盟共同体以及整个亚洲的命运。少

In this study, the characteristics of corporate management in CLV (Vietnam, Laos, Cambodia) and its changes at a time of economic integration after accession to AFTA and WTO were examined from 2005 to 2009.The significance of this study was in the simultaneous investigation of the three countries at the corporate level. As a result, this study revealed that China's “go-south" policy was prominent in all three countries and that the opening of the stock exchange is playing an important role as the detonator of economic development in that region.Vietnam joined WTO in January 2007 and changed from a developing country with abundant low cost labor to a newly industrializing nation, striving to increase productivity and improve quality. The infrastructure in Laos, especially land transportation, has improved thanks to the East-West Economic Corridor and other developments, and numerous satellite factories with mother factories in Thailand are currently in operation. What's more, the export … More of mineral resources and tourism have increased, although raising concerns of the “Dutch disease." In Cambodia, exports of sewing companies have increased rapidly, but the industry has now become polarized and companies with lower productivity and quality are going out of business. Instead, it is hoped that the Phnom Penh Special Economic Zone can promote investment from a wide range of manufacturing companies.Furthermore, companies in Vietnam are actively investing in Laos and Cambodia, while at the same time, companies in China's Yunnan Province are also promoting investment in CLV. Although CLV was lagging behind among the Mekong River Delta countries, it is now becoming the center of growth in Asia. These circumstances are being accelerated by the establishment of an ASEAN Community in 2015. Japan has been the largest ODA (Official Development Assistance) donor country, and it signed an EPA (Economic Partner Agreement) with Vietnam in December 2008. The presence of Japan in Vietnam is expanding, and further development of economic relations between the two countries is expected. On the other hand, additional investment in Laos and Cambodia by Japan's private sector is desired, so that Japan can contribute to the continued economic development of CLV. This is expected to be triggered by the opening of the stock exchange planned for Cambodia in 2009 and Laos in 2010, which the Korean Stock Exchange is supporting. The volatile experience in the Vietnamese Stock Exchange is sure to become a valuable lesson to market management and stock investment in the two countries.Even at this time of a global recession, an economic growth of at least 5% is expected for CLV in 2009. The economic development and corporate activity of CLV should be continued to be watched in the future, as its success may determine the fate of the ASEAN Community as well as the whole of Asia. Less