Viet Nam Busier with Foreign Business Projects

Various provinces and cities in Viet Nam have recently welcomed foreign companies and investors who came for business projects.

A corner of Van Phong Bay

Japan’s Sumitomo is working on a feasibility study to develop Van Phong Bay in the central province of Khanh Hoa into an international container transshipment port, and then an economic zone estimated at US$15 billion.

In Dong Nai Province bordering Ho Chi Minh City, representatives of the British company Dorman Long Technology have met with provincial authorities on possibilities to build a bridge between Nhon Trach District of Dong Nai and District 9 of Ho Chi Minh City.

In Da Nang City on the central coast, local officials have since late July met with business representatives from Laos’ Salavan, Russia’s Yaroslav and Thailand’s Ubon Ratchathani to discuss bilateral investment in trade, tourism, agriculture, road and bridge construction, shipbuilding, power generation, tire production, transport and others.

In the north, Bac Ninh Province has recently attracted 13 foreign projects with over US$128 million in combined capital. So far, Japan’s Canon has invested US$130 million in its factories in the province’s Que Vo and Tien Son industrial parks.

The German Bank for Reconstruction, or KfW, has just decided on a grant of over 663.5 euros for afforestation in Viet Nam to grow 2,300 hectares of forest in Bac Giang Province, and 960 hectares of forest each in Quang Ninh and Lang Son. The three provinces are in the north.

A wooden pier for small boats in An Giang Province (Photo: Tuong Thuy)

In the south, officials of An Giang Province have worked with Cambodian tourism officials to design road and river tours between the province and the Cambodian capital of Phnom Penh.

Cambodian officials have plans to support An Giang tourist companies in setting partnerships in their country. More visa points have opened on the border line, and so will more in a near future.

In the central coastal province of Binh Thuan, tourism businesses from France, Russia, Germany, Ukraine and the Republic of Korea have come to weigh possibilities to set up tourism facilities in Phan Thiet City, Hon Rom and Cape Ne.

By Doan Dat – Translated by Tuong Thuy

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