Very few contractors have taken legal action against their defaulted investors. It took them around three to five years to have their cases heard but the plaintiffs got their money back in just 30 per cent of the cases.
Since the Foreign Investment Law was passed in 1987, Viet Nam''s
construction sector has received US$11.5 billion for 1,196 foreign
direct investment (FDI) projects. The law was passed a year after Doi Moi (Renewal) policy was announced in 1986.
The southern province of Dong Nai was enthusiastic about attracting
investment in its infrastructure, particularly transport, and will
optimum conditions for construction investors, including those
from Japan.
The central province of Quang Ngai is confident that it will reach its
goal of attracting US$12 billion in foreign direct investment (FDI) by
2015, local officials have said.
