Although many market insiders have said this move is not too surprising and could be predicted in advance, the action of “ping the stake” still has caused a big market turmoil.
To attract more investment from Vietnamese and foreign investors into
public projects, the Government has issued a Decree detailing a number
of articles in the Bidding Law on investor ion.
The revised bidding law, which took effect in January, prioritises
local bidders, made-in-Viet Nam products, human resource development,
and job creation.