China pours more money into Vietnam, raising bigger worries At least four textile and garment Chinese companies have registered their large-scaled investment projects in More Chinese in  Yulun Jiangsu Textile & Garment has got the investment certificate on a fiber production, textile and dying factory to be located in Bao Minh Industrial Zone in Vu Ban district of Nam Dinh province, capitalized at $680 million. According to the Nam Dinh provincial Industrial Zone (IZ) Board of Management, the factory, covering an area of 8 hectares in Bao Minh IZ, would become operational from mid-2016. A Meanwhile, in Gain Lucky Ltd, a subsidiary of Shenzhou International Group, specializing in making products for the world’s big brands like Nike, Adidas and Puma, has committed to invest $140 million in a project in The Chinese investment wave in What do Chinese want in Dr. Alan Phan, who is believed to have good experiences about Chinese economy, commented that Chinese are seeking suitable places to make investments in, as the Chinese economy is predicted not to get big gains in comparison with the last year. He said Chinese try to expand their investments in Dr. Le Dang Doanh, a well-known Vietnamese economist, has also noted that Chinese businesses have bought more and more stakes of the Vietnamese businesses in difficulties which have to call for more investments. However, he has warned that the companies would turn into Chinese companies, if Chinese can buy the amounts of stakes big enough to control the board of directors. “If Chinese successfully control Vietnamese companies, this may become an instrument to implement the policies on exerting their influences and controlling the Vietnamese market,” Doanh said. Pham Chi Lan, also a well-known economist, said at a recent workshop on the economic policies in 2014 that by trying to attract as more foreign direct investment as possible, its economic sectors would fall into the hands of foreigners. If foreigners are allowed to buy real estate in Lan also said she feels worried about the presence of so many Chinese people in the central province of Ha Tinh, which she believes would not only cause big socio-economic problems. Dat Viet |
↧
Article 3
↧