Re Tata Steel's proposed investment: " bureaucratic holdups and intense competition for land rights have seen the project's first phase being pushed back to 2011."
If a company is putting $5 billion into your country, and you block their progress with red tape and land rights claims, then there's something seriously wrong. Either Tata Steel was inept (do NOT believe that), or you have symptoms that all is not as it seems.
Show me the top 10 companies in Vietnam that are not either government owned or ethnically Chinese-owned, and I'll find some basis for confidence in an investment there. Sometimes though, it's best to just let a sleeping tiger lie.
Vietnam: Asia's Sleeping Tiger? [View article]
If a company is putting $5 billion into your country, and you block their progress with red tape and land rights claims, then there's something seriously wrong. Either Tata Steel was inept (do NOT believe that), or you have symptoms that all is not as it seems.
Show me the top 10 companies in Vietnam that are not either government owned or ethnically Chinese-owned, and I'll find some basis for confidence in an investment there. Sometimes though, it's best to just let a sleeping tiger lie.