Ministry concerned with
giant projects
VietNamNet Bridge - Besides its happiness
to receive billions of US dollars more from FDI projects that increase
capital, officials of the Ministry of Planning and Investment showed the
cautious attitude as the licensing of these projects can completely change
the master plan.
Photo: Bloomberg.
According to the May data of the Ministry of Planning
and Investment, in addition to new projects, investors also poured more
capital into the projects that are being implemented. There were 160 FDI
projects raising investment capital, totaling more than $3.4 billion, up 14
percent compared to the same period of last year and higher than the average
rate of 9 percent of the country.
A major contribution of FDI increase is the Japanese
investor’s contribution $2.8 billion in the Nghi Son oil refinery project in
Thanh Hoa. Many projects in the fields of energy and raw materials are also
being targeted by foreign investors for expansion plans. Taiwanese investor
Going along with billions of dollars of capital raising
is the increase of the capacity of these projects. Officials of Phu Yen
province, where hosts the Vung Ro oil refinery, if the initial capacity of 4
million tons per year is maintained, this project will be "inefficient
and unprofitable," so the investor proposed to double the capacity.
Meanwhile,
Dr. Luu Bich Ho - Former Director of the Institute for
Development Strategy, said these capital rising commitments will help
"At present,
He also took the example of the $27 billion petrochemical
project in Nhon Hoi Economic Zone,
Deputy Minister of Planning and Investment, Mr. Dao
Quang Thu, said the Nhon Hoi refinery project is a big one and if it is carried
out, it will have a strong impact on
He reminded local authorities to not allow FDI projects
to raise capital without careful consideration to avoid long-term impacts.
At the conference reviewing 25 years of foreign direct
investment in
Thu said the Ministry of Planning and Investment is
implementing a number of changes in investment licensing process.
Accordingly, provinces will send FDI projects to the Ministry of Planning and
Investment for consideration before sending to the Government for approval.
S. Tung
|
Chủ Nhật, 9 tháng 6, 2013
Đăng ký:
Đăng Nhận xét (Atom)
Không có nhận xét nào:
Đăng nhận xét