In response to reports that Many Vietnamese projects are being built by Japanese and South Korean contractors, Thang told the press on the sidelines of a National Assembly meeting on Tuesday. Local companies are now capable of building transport projects, as they have acquired a great deal of advanced technology, he said. In the event that Chinese contractors opt to withdraw, The transport ministry has a number of contingency plans, he added. Thang also stressed that Asked about the cheapness of Chinese loans and technology that Vietnamese infrastructure projects draw funding from a variety of sources, of which The minister also said that the revised Law on Bidding prohibits choosing contractors based sheerly on cost and instead places new emphasis on a potential contractor's capacity, experience and technology. Nine Chinese companies are now in charge of 17 infrastructure projects in Vietnam, Thang said, adding that the projects are worth nearly VND30 trillion (US$1.4 billion) and half of them have already been completed. On Monday, the South China Morning Post quoted unnamed sources as saying that the Chinese government has temporarily barred its state-owned companies from bidding for new contracts in The move came in the wake of the current standoff created by the US$1-billion oil rig China deployed into Vietnam’s exclusive economic zone earlier last month. The bid ban may represent Meanwhile, Zhang Jie, another foreign affairs expert at the It quoted the Business Association of China in |
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