Inflows into the Vietnam’s central provinces this year hit 1.5billion USD from 66 projects, bringing total foreign direct investment(FDI) capital to 25.5 billion USD.
Trinh Minh Van,director of the Trade and Investment Promotion Centre for CentralRegion, was quoted by Vnexpress online newspaper as saying that thecentral region has attracted several large scale FDI projects, despitethe world economic downturn.
Worthy of note was BinhDinh province which attracted the Russian Bus Industrial Centre Companyinvesting 1 billion USD in building a bus spare parts production andassembly plant.
The first phase of theVietnam-Singapore Industrial Park (VSIP), with a total investment of 125million USD, started its construction in Quang Ngai province.
The Vung Ro oil refinery project in Phu Yen has increased itsinvestment capital from 1.7 billion USD to 3.2 billion USD, and a 30billion USD oil refinery project is planned for Binh Dinh province.
Le Huu Loc, chairman of the Binh Dinh People's Committee, told thenewspaper that several investors from Russia, Japan and the Republic ofKorea have been meeting with Petroleum Group of Thailand for the NhonHoi project.
Loc added that internationalconsultants have conducted a feasibility study to submit their report torelevant ministries and agencies for approval in April. ThailandShongkala University and Quy Nhon University signed a contract ontraining human resources for the project.
He saidJapanese businesses have also been interested in building some seafoodprocessing plants, a garment and textile centre and the Hai Giangtourism site with a 1.5km cable system installed in the province.
Meanwhile, Quang Ngai has expected that VSIP would attract more FDI in the coming years, as it comes into operation.
Cao Khoa, of the provincial People's Committee, said VSIP hasattracted five foreign investors after only three months following itsinauguration.
These included the Philippines URCCentral Company, with a 35 million USD factory to produce Jack&Jillpotato chips; Chinese Kingmaker Footwear and Hebei Xindadong Garment andTextile, with 20 million USD and 60 million USD footwear factories,respectively.
The investors were expected to provide jobs for 11,000 local workers.
In addition, the Philippines Liwayway Marketing and OceanMasterEngineering Group also signed a memorandum of understanding (MoU) onbuilding a food processing factory.
Dung QuatEconomic Zone (EZ) has attracted more than 10 billion USD of FDI, ofwhich 5 billion USD has been disbursed. It targets to attract around 15billion USD in FDI by 2015, generating 25,000 jobs and contributing 25trillion VND (1.19 billion) to the State budget.
Theprovince has proposed to apply a city model for the EZ (Economic Zone)to overcome the existing shortcomings of the current multilevelmanagement.
Le Van Dung, deputy head of the EZ'smanagement board, told the newspaper that the Ministry of Planning andInvestment was going to submit its proposal for construction of a 4.5billion USD steel factory to the Prime Minister for approval.
The project is a joint venture between Japanese JFE Steel andTaiwanese E-United. If approved by the Prime Minister in parallel withthe establishment of the oil refinery, a heavy-industry and rollingsteel complex would bring a new life to the EZ, he said.-VNA
Trinh Minh Van,director of the Trade and Investment Promotion Centre for CentralRegion, was quoted by Vnexpress online newspaper as saying that thecentral region has attracted several large scale FDI projects, despitethe world economic downturn.
Worthy of note was BinhDinh province which attracted the Russian Bus Industrial Centre Companyinvesting 1 billion USD in building a bus spare parts production andassembly plant.
The first phase of theVietnam-Singapore Industrial Park (VSIP), with a total investment of 125million USD, started its construction in Quang Ngai province.
The Vung Ro oil refinery project in Phu Yen has increased itsinvestment capital from 1.7 billion USD to 3.2 billion USD, and a 30billion USD oil refinery project is planned for Binh Dinh province.
Le Huu Loc, chairman of the Binh Dinh People's Committee, told thenewspaper that several investors from Russia, Japan and the Republic ofKorea have been meeting with Petroleum Group of Thailand for the NhonHoi project.
Loc added that internationalconsultants have conducted a feasibility study to submit their report torelevant ministries and agencies for approval in April. ThailandShongkala University and Quy Nhon University signed a contract ontraining human resources for the project.
He saidJapanese businesses have also been interested in building some seafoodprocessing plants, a garment and textile centre and the Hai Giangtourism site with a 1.5km cable system installed in the province.
Meanwhile, Quang Ngai has expected that VSIP would attract more FDI in the coming years, as it comes into operation.
Cao Khoa, of the provincial People's Committee, said VSIP hasattracted five foreign investors after only three months following itsinauguration.
These included the Philippines URCCentral Company, with a 35 million USD factory to produce Jack&Jillpotato chips; Chinese Kingmaker Footwear and Hebei Xindadong Garment andTextile, with 20 million USD and 60 million USD footwear factories,respectively.
The investors were expected to provide jobs for 11,000 local workers.
In addition, the Philippines Liwayway Marketing and OceanMasterEngineering Group also signed a memorandum of understanding (MoU) onbuilding a food processing factory.
Dung QuatEconomic Zone (EZ) has attracted more than 10 billion USD of FDI, ofwhich 5 billion USD has been disbursed. It targets to attract around 15billion USD in FDI by 2015, generating 25,000 jobs and contributing 25trillion VND (1.19 billion) to the State budget.
Theprovince has proposed to apply a city model for the EZ (Economic Zone)to overcome the existing shortcomings of the current multilevelmanagement.
Le Van Dung, deputy head of the EZ'smanagement board, told the newspaper that the Ministry of Planning andInvestment was going to submit its proposal for construction of a 4.5billion USD steel factory to the Prime Minister for approval.
The project is a joint venture between Japanese JFE Steel andTaiwanese E-United. If approved by the Prime Minister in parallel withthe establishment of the oil refinery, a heavy-industry and rollingsteel complex would bring a new life to the EZ, he said.-VNA
