return icon

China prohibits businesses from bidding on projects in Vietnam

The government of China has issued a decision that temporarily prohibits its state-owned businesses from joining projects in Vietnam, Hong Kong’s South China Morning Post newspaper quoted mainland China sources as saying.

VietNamNet Bridge – The government of China has issued a decision that temporarily prohibits its state-owned businesses from joining projects in Vietnam, Hong Kong’s South China Morning Post newspaper quoted mainland China sources as saying.


The newspaper quoted an official working for a state-owned corporation who asked to be anonymous as saying that he received the instruction via phone from the Ministry of Trade.

The other three Chinese corporations, which are executing package deals in Vietnam, have received the same instruction, the source confirmed.

A high ranking official at the bid licensing office of the ministry also confirmed that he heard the instruction, but he did not know how long the ban would be valid.

Xu Liping, a researcher on the relations between China and South East Asian countries at the Chinese Academy of Social Sciences, commented that Beijing is trying to put pressure on the government of Vietnam.

This is a sign showing that China is attempting to play the economy card. However, people still need to wait to see how the playing card shows its effects.

Vietnam-China relations have become tense since the day China unilaterally deployed its oil rig in the Vietnamese exclusive economic zone and continental shelf in early May. Since then, the Chinese protecting the rig have been repeatedly carrying out provocative activities toward Vietnamese fishing boats, thus raising deep concern in the international community.

The spokesperson of the Chinese Ministry of Foreign Affairs has accused Vietnamese ships of hitting Chinese ships 1,416 times in the area where China deployed its rig.

Commenting about this, Reuters’ readers said the figures declared by China, no matter 1,000, 2000, or 10,000, would have no significance to the international community, because no one believes the declarations.

China has been the largest trade partner of Vietnam since 2004. However, in the two-way trade relations, Vietnam has always been at a disadvantage with the increasingly high excess of Chinese imports over exports to China.

In terms of Chinese direct investment, China, including Hong Kong, now ranks 11th among the countries and territories which have foreign direct investment in Vietnam.

According to the Chinese Business Association, 113 Chinese companies are doing business in Vietnam, mostly in the fields of electricity and chemical production.

Zhang Jie, also a researcher of the Chinese Academy of Social Affairs, thinks that the ban by the Chinese Ministry of Trade would only cause “limited influence” in Vietnam.

China’s economic sanctions cannot be a threat to Vietnam’s economy because of China’s weak power in Vietnam.

In fact, Chinese contractors are now not welcomed in Vietnam after local newspapers discovered that many projects executed by Chinese contractors have low quality. The projects fell into disrepair quickly just after a short period of use.

Vietnamese experts have urged the government to amend the Bidding Law and set up new provisions that prevent low-quality technologies and incapable contractors from winning bids to implement projects in Vietnam. The low-quality technologies and incapable contractors are understood as technologies from China and Chinese contractors.

Zhang also thinks that that even if Chinese contractors join bids, they will not have the opportunity to win the bids.



Japanese dolls go on display in Da Nang

An exhibition of Japanese dolls celebrating the 50th anniversary of the establishment of diplomatic relations between Japan and Vietnam will open at the central city’s Fine Arts Museum on May 30.

International chess masters to play in Da Nang

The city’s culture and sports department said the tournament will see chess masters playing in a round-robin in four groups, with two top each qualifying in the quarter-finals.

380 new species discoveries in the Greater Mekong region: WWF report

With many of the species already under threat of extinction from human activities, WWF is calling on governments in the region to increase protection for these rare, amazing creatures and their habitats.

VN consumers, businesses urged to join fight against counterfeit sold online

Consumers and businesses are called on to join authorities to curb counterfeit, fake, and smuggled goods on online shopping platforms, particularly as e-commerce has been thriving strongly in Vietnam.

Vietnamese students bag six medals at Asia-Pacific Informatics Olympiad 2023

All six Vietnamese students competing at the Asia-Pacific Informatics Olympiad (APIO) 2023 won medals, including four silvers and two bronzes, the Ministry of Education and Training announced on May 30.

Devalued by billions of dollars, shares face transaction restrictions

VNZ shares of VNG, a tech unicorn, were added to the restricted trading list after the company was late in submitting its financial report. The VNZ price has plummeted by 45 percent from its peak, but is still the highest-priced in the stock market.

Livestock industry's small farms in distress, big farms deep in debt

Having to sell fowl and pigs below production costs, many farmers are crippled with debt. Even big players in the animal husbandry are incurring big losses.

Vietnam posts trade surplus of 9.8 billion USD in five months

Vietnam’s import-export value in the first five months of this year was estimated at 262.54 billion USD, down 14.7% year-on-year, with a trade surplus of 9.8 billion USD, the General Statistics Office (GSO) announced on May 29.

Anh Vien: From champion swimmer to inspirational swimming coach

Now, in a new role akin to a swimming ambassador, Anh Vien is eager to share her knowledge and expertise with children, teenagers, adults, and even older individuals, introducing them to the joy of swimming and fostering a love for the sport.

International arrivals in Vietnam surge over 12-fold year on year

Vietnam has welcomed nearly 4.6 million international arrivals in the first five months of 2023, soaring 12.6-fold from the same period last year, the General Statistics Office (GSO) said on May 29.

Vietnam NASA Space Week takes shape on the horizon

The first-ever Vietnam NASA Space Week will be held in Ho Chi Minh City and Hau Giang and Binh Dinh provinces in the South from June 5-9, heard a press conference on May 29.

CAAV proposes 2-month pilot of eID accounts for air passengers

The Civil Aviation Authority of Vietnam (CAAV) will pilot the use of level 2 electronic identification (eID) authentication for air passengers at airports nationwide from June 1 to August 1.

Soldiers and sailors ready for any medical emergency at sea

In the Truong Sa islands, where there is a turbulent sea, the medical team has been a reliable support for the local fishermen, officials, and soldiers on the islands for many years.

Over 77,000 computers in Vietnam suffer data encryption in 7 months: Bkav

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software.

Vietnamese airlines to launch more international air routes

Vietnamese airlines have announced plans to open more international air routes this summer.