Research on Fiscal and Tax Policies of Cross–border Cooperation Zones Between China and Vietnam

Abstract

Due to the large differences in economic and social development between the two countries, the construction of the Sino-Vietnamese cross-border economic cooperation zone needs to face the problem of coordination in all aspects. This paper summarizes the relevant policies signed by China and Vietnam, mainly the fiscal and taxation policies, and analyzes the problems of lack of top-level design, shortage of funds, small functions of fiscal and taxation policies, and the need to improve the taxation coordination mechanism. Combined with the current development and opening strategy along the border and the “the Belt and Road” strategy, this paper proposes the introduction of central financial planning, broadening investment and financing channels, improving tax coordination mechanisms, and improving tax service levels. Keywords—cross-border economic cooperation zone; fiscal and taxation policy; coordination