Two Malaysian investors are to carry out major infrastructure projects in Ha Noi and Ho Chi Minh City worth US$12 billion.
The Berjaya Land Bhd Company (BLand Company), a branch of Berjaya Corporation Bhd, plans to invest in four projects in Ha Noi and Ho Chi Minh City, worth US$10 billion, making BLand the biggest investor in Viet Nam’s infrastructure to date.
Of the 916 hectares Bland is to lease, 874ha in Ho Chi Minh City is destined for an international universities’ center.
In the project’s initial stages, BLand’s plan is to build two private universities on 300ha and provide infrastructure, departmental offices, housing, shopping center, restaurant, hospitals, a technology center and a new northwest town in Cu Chi and Hoc Mon Districts.
This project is to be granted its licensing within two months, claim pundits.
A US$1.2-billion financial center is to be built within 6 years from 2008 on 8ha of land in District 10, Ho Chi Minh City.
In Ha Noi, the US$500,000 “Thach Ban, New City” is to occupy 30ha and be finished within 5 years. Another project is under discussion.
Another Malaysian investor, Gamuda Behad Corporation, was recently granted license from the Ha Noi People’s Committee for their US$2-billion Yen So Park project in Hoang Mai District.
The project is to provide housing on an area of 327ha surrounding Yen So Lake, is to finish within 3 years and include a park, schools, exhibition area, conservation area, shopping center, meeting hall and shops.
Gamuda Berhad Corporation is also to construct the biggest wastewater treatment system in Ha Noi with its capacity of 190,000 cubic meters per day.