NA Chairwoman invites Australian investment in mining, shipbuilding

National Assembly Chairwoman Nguyen Thi Kim Ngan welcomed mining group Alcoa and ship-builder Austal to invest in Vietnam during her meeting with the two companies’ executives in Perth on December 1.
NA Chairwoman invites Australian investment in mining, shipbuilding ảnh 1NA Chairwoman Nguyen Thi Kim Ngan receives President of the Alcoa Group, Garret Dixon (Source: VNA)

Perth (VNA) – National Assembly Chairwoman Nguyen Thi Kim Ngan welcomed mininggroup Alcoa and ship-builder Austal to invest in Vietnam during her meeting withthe two companies’ executives in Perth on December 1.

Ngan,who is on an official visit to Australia, appreciated Alcoa group’s intention toinvest in the bauxite and aluminium industry in Vietnam.

Vietnamhas huge bauxite reserves and several bauxite exploiting projects, she said, notingthat the country sets high criteria for projects in the field in terms ofenvironmental protection and technology application.

TheVietnamese National Assembly is committed to creating the best possiblefavourable conditions for foreign investors, including those from Australia, todo successful and long-term business in Vietnam, Ngan said, adding that shewill convey Alcoa’s proposal to the Vietnamese Government.

Shealso extended thanks to leaders of the Austal Company for their wish to runbusiness in Vietnam, underlining that Vietnam is a coastal country with hugeshipbuilding development potential and skilled workforce.

Thecompany can either build a new shipbuilding facility or buy the existing oneswith available infrastructure facilities and skilled workers, she suggested,adding that Vietnam is restructuring state-owned enterprises, including thosein the shipbuilding sector.

Leadersof the Austal Company asked the Vietnamese NA leader to help the company studythe investment environment in the country. They said once decision is made on Vietnam,the company may start its investment project in March or April, 2018.

Thecompany said they will consider Ngan’s suggestion on buying existingshipbuilding facilities in Vietnam.-VNA
VNA

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