VIETNAM AS UKRAINE'S ECONOMIC PARTNER

Abstract

Annotation. The article considers the results of long-term cooperation and explores the prospects for the development of economic relations between Ukraine and Vietnam. Special attention is paid to the analysis of the major reasons for changing the priorities of economic cooperation between countries as well as to the search for effective ways of its development. The origins of the growing discrepancies in the pace of the economic development of our countries, which were predetermined already by different approaches to the development and implementation of national strategies, have been established. It was shown that development strategies of our countries pursue the same goal - strengthening the competitiveness of the national economy, but they use different ways of achieve it: while Ukraine chose the liberal Western approach, Vietnam follows the Asian communitarian model, which is based on the policy of regulating economic development, hidden autarky, tight control over financial resources used to create key industries. The successful development of Vietnamese economy was achieved through consequent use of a specific model of economic modernization. The leading role of the public sector as an organizing force of progressive development and a factor in restraining the destructive influence of exogenous factors is indicated. The place of modern Vietnam in the global economic system is determined. The protective and stimulating role of the ASEAN integration and the prospects of creating a "large regional economy" are analyzed, attention is focused on the mostly regional Asian priority of the country's participation in the international division of labor. The principles and directions of further development of mutually beneficial cooperation between Ukraine and Vietnam are defined.

Key words: mutually beneficial economic cooperation, synergy of economic cooperation, synchronicity and asynchrony of economic development, economic nationalism, specificity of the Asian model of economic modernization and integration, "large regional economy", role of the state sector of the economy, structure of the economy, structure of exports, production with a high share of added value cost, high-tech production.