Economic development specialties of Northeast and Southeast Asia at the end of the 20th century, the beginning of the 21st century, using the examples of PRC and SRV

This paper identifies the main features of Northeast and Southeast Asia, which allowed these regions to enforce leading positions in the system of international economic relations. The study is based on the examples of China and Vietnam - the key representatives of these regions which have been proving the effectiveness of the reforms implemented by them for many years, this phenomenon has attracted the attention of many researchers. The method of theoretical analysis of historical documents controlling the development of economic models and the method of statistical analysis make it possible to determine the key features of countries’ economic development. Despite similar mechanisms of reforms implementation in China and Vietnam, there were found specific features were that distinguish the economic models of countries from each other.