VOV.VN - In the first quarter of this year, imports from China jumped by 18.9% to nearly US$12.7 billion against the same period last year, making up 27.3% of the country’s total imports, according to preliminary statistics from the General Department of Vietnam Customs.
Slow pace, inefficiency and higher-than-expected investment capital are the common characteristics of projects related to Chinese contractors.
The Ministry of Transport (MOT) believes Vietnam should borrow US$300 million from China if it chooses Chinese contractors for the highway project, while the ministries of Planning & Investment (MPI) and Finance (MOF) say Vietnam needs to be more cautious about the project.
Many key projects in Vietnam with big problems in quality were implemented by Chinese contractors.
(VOV) - Deputy Prime Minister Hoang Trung Hai has provided assurances that Vietnam will not suffer any dire consequences as a result of China’s recent suspension of bidding on projects in the Southeast Asian nation.