http://www.atimes.com/atimes/Southeast_Asia/IE09Ae01.html
May 9, 2007 Investors eye $35bn in Vietnam HANOI - The Vietnamese Ministry of Planning and Investment has reported that 38 major foreign investment projects worth US$35 billion are attracting attention from investors. Terry Gou, president of the Foxconn Group (Taiwan), has unveiled a plan to invest $5 billion in Vietnam and pledged to transfer advanced technology into the country. The Foxconn president said the group will initially pour $3 billion into a project to produce high-tech products and set up a joint venture with the Kinh Bac City Group to build new towns with trade and recreational centers, schools and hospitals in northern Bac Ninh and Bac Giang provinces. Other projects include the 2,640 megawatt (MW)Van Phong coal-fueled power plant in central Khanh Hoa province. The $3.5 billion plant is being considered by Sumitomo from Japan. The next is the 1,200 MW Mong Duong 2 project in northern Quang Ninh province with an investment of $1.46 billion. It is eyed by a joint venture between AES Group (the US) and the Vietnam Coal and Mineral Group. The third is a southern thermal power project in central Binh Thuan province with an investment of $1.4 billion. It has got attention from an electricity company from Yunnan province, China. A $3.75 billion project to build a steel factory with a capacity of 4.5 million tonnes a year and exploit iron at the Thach Khe mine in Ha Tinh province has also attracted many foreign investors, including Posco from South Korea, Sunsteel from Taiwan and Tata Steel and Essar from India. A series of tourism projects dotting the coastline of Vietnam is also attracting interest, while investors from Southeast Asia are eyeing two oil refinery projects, one worth $1.53 billion and the other $1.2 billion. Minister of Planning and Investment Vo Hong Phuc affirmed that if only one-third of these projects became reality, the country's goal of attracting $12 billion in foreign direct investment this year would be attained. (VNA) [Non-text portions of this message have been removed] Post message: [EMAIL PROTECTED] Subscribe : [EMAIL PROTECTED] Unsubscribe : [EMAIL PROTECTED] List owner : [EMAIL PROTECTED] Homepage : http://proletar.8m.com/ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/proletar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/proletar/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
