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Published On: Sat, Apr 19th, 2014

Vietnam declines hosting 2019 Asian Games

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nsnbc : Vietnamese Prime Minister Nguyen Tan Dung announced that the country is not in a financial position to host the 18th Asian Games (ASAID 18) in Hanoi in 2019, making Vietnam the third country, besides South Korea and Pakistan, to decline hosting the games for financial reasons.

Nguyen Tan Dung_VietnamPM Tan Dung said that the Political Bureau and the Party Secretariat initially considered hosting the ASAID 18 in the Hanoi to aid the country’s sporting and socio-economic development but declined for a number, including financial reasons.

Tan Dung said that Vietnam does not have sufficient experience at hosting international sporting events to and could not ensure the ASAID organization that it could turn the ASAID 18 games into a success.  The Prime Minister also pointed to differences in opinion between Vietnam and the sporting organization. There were different opinions about the purpose and meaning of hosting the event, especially with regards to funding.

Tan Dung said, that while hosting major international sporting events can contribute to host nations socio-economic development, it could also have negative impacts unless they were organized with care and prudence. He added, that an analysis of world sporting events shows that games can be a source of income but that it is far from always that the income from the games can equal the costs.

Often the structures built for such events cannot be effectively used once the games have finished, adding additional and long-term burdens to the host country’s economies and budgets. Tan Dung stressed, that Vietnam has had its share of recent socio-economic difficulties and added, that the State budget is limited and that Vietnam has other tasks of higher priority which it must invest in.

Tan Dung said that after considering all of these factors, he has instructed the Ministry of Culture and Tourism, in collaboration with the Ministry of Foreign Affairs to withdraw Hanoi from hosting the sporting event. He added, that Vietnam would be registering to host the event at a later, and more appropriate time.

Ch/L – nsnbc 19.04.2014

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  1. Jade says:

    Bravo. Vietnam has better things to spend money on, like useful infrastructure. Bridges, damns, only that they build that damned nuclear power plant is absolutely crazy, especially because the co-op with the USA on it. Don’t they live close enough to Fukushima to know better? Otherwise fine, good decision.

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