When huge projects are just the cake pictures

Aug 27th at 13:48
27-08-2012 13:48:13+07:00

When huge projects are just the cake pictures

A lot of public investment projects have been approved by the government recently which aim to foster economic development and create more jobs for local workers. However, in fact, the projects do not bring benefits to the majority of people.

The promising land

More and more projects in the fields of transport, real estate, tourism, services, mining and energy have been drawn up, which has turned Vietnam into a “promising land.”

According to the General Statistics Office (GSO), the total investment capital of the society in 2011 reached 877.9 trillion dong, increasing by 5.7 percent over 2010 and equal to 34.6 percent of GDP. Of this amount, the state economic sector had the investment capital of 341.6 trillion dong, or 38.9 percent of the total investment capital.

One of the most imposing projects is the one on exploiting iron ore at the Thach Khe mine in Ha Tinh – the biggest one in South East Asia. When the project kicked off in 2007, the then Deputy Chair of the National Assembly Nguyen Sinh Hung stressed that this is a national key project which would help thousands of the poor households in the locality have a new life.

A lot of other mammoth projects have also been launched with honeyed promises about the bright prospects they would generate after the completion. These include the South East Asian biggest wind power plant in Binh Thuan province in 2008, the Las Vegas City in Asia project in Lang Son province, the biggest northern resort in Phu Tho.

All the projects promise to bring lucrative jobs to contractors and a new life to the local poor people, since the investment capital of each of the projects is up to 6 trillion dong.

The pending projects…

However, many of the projects have still been marked as in the “pending” status. According to the Ministry of Planning and Investment, 3386 projects out of the 34,607 projects under investment in 2010, or 9.78 percent, were slow in the implementation pace.

Though the Nghe An provincial authorities have many times urged to speed up the implementation of the Do Luong cement plant and spent 100 billion dong to support the project, no considerable progress has made so far, since the day the 1700 billion dong project kicked off five years ago.

The Prime Minister personally requested Taiwanese Formosa - the investor of the project on Son Duong steel and port complex – to speed up the project implementation in order to generate jobs to local people. However, the investor has not taken any further move, thus making the poor people, who had to move to give land to the project, suffer.

Observers have said that local authorities now tend to “let investors alone,” while they do not keep a close watch to urge the project implementation. As a result, the investors of many projects have been keeping the projects “pending” for no less than 10 years, despite the fact that local people do not have a means of subsistence.

… disillusioning the poor people

Under the plan, 100 percent of the local residents in Thach Hai commune would have to move to give place to the Thach Khe iron ore mining project in Ha Tinh province. To date, nearly 200 households have had their land taken away, but they still have not got the compensation for the site clearance. With no land, no business experience and no capital, the poor people have been in big distress.

The Son Duong steel and port complex project has generated the “biggest emigrant campaign in the central region” with 1800 households and 15,000 people having to leave. The farmers, who have been working in the rice fields for the last many years, now like the fish caught in a shoal, because they have lost land for production.

vietnamnet



NEWS SAME CATEGORY

VN ranks third in Asian Consumer Confidence

Consumer confidence has picked up across Asia/Pacific markets as concerns about slow growth lessen in the region, according to the latest MasterCard Worldwide Index...

Goods showcased in City market

Seven domestic companies showcased their products in Rach Ong Market in HCM City's District 8 last weekend and interacted with small traders and consumers for a...

Struggling supermarkets face fierce foreign rivalry

The number of foreign retail outlets is on the rise in Viet Nam even as domestic retailers struggled to survive during the current economic downturn, said Ha Noi...

Investment minister makes official visit to South Korea

A Vietnamese delegation led by the Minister of Planning and Investment on Thursday began an official visit to South Korea to strengthen economic and investment...

CPI inches up during August

The Consumer Price Index (CPI) in August increased by 0.63 per cent over last month, the General Statistics Office (GSO) announced yesterday.

Viet Nam's top 10 retailers announced

Singapore's Retail Asia Magazine has announced its top 10 Viet Nam retailers for 2012.

Northern province one-stop shop speeds up investment

The northern province of Quang Ninh is applying a one-stop shop policy to cut off time needed to fulfil administrative procedures for investors who desire to make...

McDonald's eyes Vietnamese market

A high-ranking leader from McDonald's will visit Viet Nam this week to explore opportunities for the fast food giant's expansion into the Vietnamese market, reports...

Firms struggle in US market

Vietnamese exporters are still having difficulties achieving success in the US market, says Sorin Witzman, adviser of HR Consulting Services from the US.

Smugglers take to the sea

Smugglers are increasingly taking to the sea, exploiting its vast spaces to elude law enforcement, according to the General Department of Customs, which warns that...


MOST READ


Back To Top