Remodeling Hanoi as an FDI magnet, THE VIETNAM INVESTMENT REVIEW

The Vietnam Investment Review | May 13, 2002| | Copyright

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Nguyen Do Khue, deputy director of Hanoi's planning and investment department, has found a new way of attracting badly needed foreign investment for the capital city: He wants to cancel 24 impending foreign- invested projects worth several hundred million dollars. Khue, who is in his 50s, knows that the method has never been used before in Vietnam as Vietnamese officials tend to fear that the cancellation of foreign investment projects is a sign of a deteriorating business environment.

But Khue thinks differently. "[The projects] embarrass legitimate investors," ...

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