Research on New Growth Bases in Emerging Countries

Abstract

One of the notable characteristics of Vietnam's industrial parks is their relatively large size compared to those in other ASEAN countries. The primary reason for this is that Vietnam's industrial parks play a pivotal role as "new production bases" in the country's economy. This study aims to analyze the unique features of Vietnam's industrial parks as "new growth bases" through the lenses of development economics theory and industrial agglomeration theory. Drawing on modern Big Push theory, this study examines whether Vietnam's industrial parks exhibit economies of scale and positive externalities, while also clarifying their distinctive characteristics and the underlying economic mechanisms within Vietnam's economy.