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Prime minister Nguyen Tan Dung yesterday said the nation always welcomed and facilitated Indian enterprises to cooperate and invest in agriculture in Vietnam.
Central Thua Thien-Hue Province has made plans to build two docks that will provide shelter for boats during storms in Phu Loc and Phu Vang districts by the end of 2013. The project is estimated to cost VND120 billion (US$5.8 million) of Government funding.
The government of the central province of Ha Tinh is seeking capital to speed up construction of the Rao Tro Reservoir in Ky Anh District to facilitate heavy-industry projects there, a local official said.
The Asian Development Bank will support the Vietnamese Government’s initiated reform plans on the financial sector and SOEs, said Mr. Tomoyuki Kimura, the Country Director of ADB’s Viet Nam Resident Mission.
HCM City plans to build 34.5km of elevated highways to ease the traffic congestion at a cost of VND56 trillion (US$2.7 billion), but has been unable to attract investors’ interest so far.
Talisman Energy Inc will have new crude oil and condensate production coming online in Vietnam and Papua New Guinea in the next two years to meet growing demand in Asia, a company official said.
Banpu is renewing its plan to enter Vietnam, taking the view that the country is a more promising investment destination than Myanmar because of its bigger economy.
High hopes have been put on the development of the Van Phong Port in Khanh Hoa province into an international transit port. However, with the construction work in interruption, it would not be able to become an international transit port in 15-20 years.
Asia and Africa, may invest in areas off the coast of Vietnam that are also claimed by China, even as tensions flare among Asian nations over resource rights.
Vietnamese and French architects are co-operating on a master plan to restore and expand the central highlands city of Da Lat into an entity covering 3,300 sq.km.
With over US$1 billion of FDI capital approved this month, the total pledged FDI capital in Vietnam in the nine-month period has been raised to US$9.52 billion, declining by 27.9% year-on-year, according to the Foreign Investment Agency.
