A former planning minister comments on the foreign direct investment situation, including the collapse of ballyhooed projects. He calls on the central government to take back control of licensing in cases where projects have a significant impact on industrial development strategy or threaten major environmental damage.
Tran Xuan Gia is a well-known economist, and a former Minister of Planning and Investment. VietNamNet talked with him on August 6 about big foreign-invested development projects.
Have too many multi-billion dollar projects been licensed recently?
We need to investigate every one that’s overdue, keeping the national interest in mind. The licenses granted for these ‘hanging’ projects should be revoked if investigation reveals that they have become hopeless.