We have to admit that it’s an interesting case.
For the first time in Vietnam, a group of normal folks have dared to challenge the company who has been granted the job of building the country’s tallest tower.
The US$6 million wager – signed between the company and the veterans on November 13 – could have been thought to be “unimaginable” for the retired veterans.
But they somehow were committed to it.
It wasn’t about meeting the deadline for Hanoi’s 1,000th anniversary in 2010.
The veterans want the South Korean investors to be fair to the Vietnamese government which licensed this project long ago.
The prices of construction materials have been falling and apparently 80 percent of the number of apartments in this tower has already been sold.
There shouldn’t be any reason for the company to fail the 2010 deadline.
We’ve seen cases where subcontractors resell their investment licenses and land projects to other investors for profit.
What we are left with is construction projects with deadlines that are extended and extended.
Perhaps the veterans want to deliver an alarming message about what we’ve seen in hundreds of cases: government money being wasted on dubious investors.
Keangnam’s technical chief told Thanh Nien that the construction of this landmark was not listed among the projects funded by the state budget that must be finished on time for the capital’s big anniversary.
But the company knows the bet can do it some good. It’s certainly a motivation – and a way to boost its public image.
By Thanh Thao |
E-mail to a friend 
Print version
To top
