中国跨国公司对越南投资的区位选择与空间组织模式研究

With the accelerating pace of Chinese companies "going out" under the background of the Belt and Road Initiative and China-US Trade Friction, Vietnam, as a major country in Southeast Asia which undertakes new round of global industrial transfer, has become a key area for Chinese companies to invest overseas. The study takes Chinese listed companies as the research object, based on the theories of location and industrial cluster, and adopts non-participant observation, semi-structured interview and regression analysis methods to explore the influencing factors of the location choice of Chinese multinational companies' investment in Vietnam as well as their spatial organization pattern in specific subnational areas. The conclusions are as follows: (1) Chinese multinational companies investing in Vietnam are mainly from the developed areas of coastal China such as Guangdong, Jiangsu, Zhejiang and Shanghai, most of which boast the electronic information manufacturing industry, electrical machinery and equipment manufacturing industry, and textile and garment industry. (2) The subsidiaries of Chinese multinational companies investing in Vietnam are concentrated in the Red River Delta around Hanoi city and the Southeast Region around Ho Chi Minh city, of which the electronic information manufacturing industry ones and electrical machinery and equipment manufacturing industry ones are mainly distributed in northern Vietnam, while the textile and garment industry ones are evenly distributed in the north and south of the country. (3) Chinese multinational companies tend to invest in provinces of Vietnam which are adjacent to their supply end in China and with well-developed transportation conditions, rich labor resources, clustered foreign capital and weak environmental protection. (4) Chinese multinational companies investing in Vietnam mainly take industrial parks as the carrier for their spatial organization, and those from the textile and garment industry gather as a satellite platform cluster, while others from the electronic information manufacturing industry form a satellite hub-and-spoke cluster through the "follow sourcing" of large customer transfer. The research can provide scientific reference for Chinese companies to invest in Vietnam or other countries in Southeast Asia, and also for the Chinese government to formulate policies for outward foreign direct investment and industrial transfer in the future.