Investment Tsunami hits Ho Tram-MGM pulls out.
Replies: 2 - Last Post: Mar 22, 2013 7:48 AM Last Post By: mooslie
Mar 20, 2013 9:35 PM
Investment Tsunami hits Ho Tram-MGM pulls out.MGM will send shock waves through the investment world with its withdrawal from Ho Tram.
Major operators will look at Vietnam sideways after this.
Mar 21, 2013 10:54 PM
1Don't get me started...
Right hand: "We really, really want as much foreign investment here as possible, especially in infrastructure - which we can't pay for ourselves"
Left hand: "You expect us to do away with our miles of red tape and systematic corruption, then create a simple, transparent and competitive business environment ?!?"
When each hand is wearing a sock puppet and contradicting the other one, the smell reaching our nose might be from the two uncovered feet...
Mar 22, 2013 7:48 AM
2Even too hard for one of the world's biggest companies. They spent a lot of dough with training 2,000 staff and set up, but walked away because it was all too hard.
I don't think the VN gov has the slightest idea of the repucussions of this. The Sands Group has turned their back already. Huge investors will muck around with a load of rubbish. Why bother? when elsewhere it's simple.
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