Ministry admits to poor quality control over Chinese contractorsThe Ministry of Planning and Investment has had to explain why Chinese firms continue to win tenders for major projects in Vietnam despite being tardy, unsafe, and of poor-quality. The MPI admitted the fact that more Chinese firms have become contractors despite the slow pace of construction and quick deterioration of the projects after being put into operation. According to the MPI, the main cause of this is Vietnam’s reliance on Chinese loans, so the country has to accept Chinese contractors as an article in the loan agreements. Vietnamese investors should be careful in negotiating contracts with Chinese firms have provided tardy, unsafe, and poor-quality work. Chinese contractors are known for bidding low to win contracts, then asking for more, citing unexpected cost overruns.

Source: VietNamNet News May 27, 2017 08:48 UTC