Does this set a precedent?

Public opinion in Quang Tri province was recently shocked by the news that the Amacao Quang Tri 1 wind power project (with a total investment of 2,000 billion VND and 12 wind turbines), owned by Khe Sanh Wind Power Joint Stock Company, is seeking the province's approval to sell 50% of its shares to two foreign companies: CNNC Overseas International Investment Limited (headquartered in Hong Kong) and Zhongyuan Foreign Works Co., Ltd. (based in Beijing). While the sale itself is normal, what concerns the public is that this wind power project is located in a mountainous border area between Vietnam and Laos, covering a total area of ​​22 hectares.

Responding to Thanh Nien newspaper , Mr. Ha Sy Dong, Permanent Vice Chairman of the Quang Tri Provincial People's Committee, said that he had requested the Department of Planning and Investment to draft a document to send to the Ministry of Public Security and the Ministry of National Defense for their opinions on the matter. Currently, the locality has not yet received a response from the two ministries. The aforementioned transaction is likely to cause controversy because, in terms of area, the project spans three communes and one town in the border region. Therefore, managing the area will also face many difficulties...

Also in Huong Hoa District, there are two other wind power plants seeking approval from Quang Tri province to transfer shares to investors from Singapore. Many believe that if this transaction is approved, it will not only raise the concerns already mentioned but also set a worrying precedent: individuals and organizations building power plants (not just wind power projects) and then transferring them to foreign partners. Therefore, at this time, a thorough analysis and clear stance from relevant ministries, departments, and localities are needed.

In the long term, perhaps for construction projects in border regions, the country's frontier areas that have a significant impact on national defense and security, the government should require investors from the outset to make commitments and binding agreements regarding the transfer and sale of shares with foreign partners.

Source link: https://thanhnien.vn/co-tao-thanh-tien-le-18523120319141969.htm