Characteristics Of The Northern Key Economic Region With A Focus On Completing The Capital Law In Vietnam

Abstract

The Northern Key Economic Region (NKER) plays a pivotal role in the advancement of Vietnam's economy. Furthermore, Vietnam has been proactively engaging in modern Free Trade Agreements (FTAs) in accordance with the global integration trend in recent years. Thus, in contrast to earlier phases of its evolution, the NKER has been subject to a multitude of effects and pressures. The NKER designates Hanoi as the capital of the entire nation. Hanoi constitutes one of the foremost economic hubs of the nation, alongside another major metropolitan area. Consequently, the enactment of the Capital Law assumes paramount significance in facilitating the expeditious and enduring progress of Hanoi. The present study aims to investigate the attributes of the National Key Economic Regions (NKER) during the era when Vietnam engages in contemporary Free Trade Agreements (FTAs), with a specific emphasis on refining the Capital Law. The objective is to shed light on the prospects, obstacles, and predicaments that arise, and to propose suitable remedies.