According to the Foreign Investment Agency, there are 48 projects totalling US$39.8 billion waiting to come to Vietnam.
A large part of this huge source of capital will be poured into hi-tech, thermo-power, real estate and steel projects. Specifically, Taiwan’s Foxconn Group will invest $5 billion to build electronic technology parks in several provinces in Vietnam. Pacific Land Limited from Britain plans to invest $1 billion into the Sai Dong A Hi-tech Park in Hanoi.
Real estate and tourism projects account for over $16 billion, equivalent to 40.2% of the total amount of foreign capital that will come to Vietnam.
Switzerland’s Trustee Suisse will join hands with Vietnam’s Vinaconex to build the “Asian pearl” complex and a residential area on Phu Quoc Island, Kien Giang province, with $2.7 billion.
The Kumho Asiana of the Republic of Korea plans to invest $2.5 billion in the Giang Vo cultural-trade centre and the My Dinh exhibition centre in Hanoi.
Foreign investors also are interested in thermo-power plants with six projects totalling $8.5 billion. Japan’s Sumitomo wants to build a 2,640 MW plant in the central province of Khanh Hoa with $3.8 billion. Meanwhile, a joint venture between the US’ AES and the Vietnam Coal and Mineral Group will spend $1.463 billion on a 1,200 MW plant in the northern coastal province of Quang Ninh.
Notably, Chinese investors have expressed interest in building five big works in the fields of thermo-power and real estate. During President Nguyen Minh Triet’s visit to the US last May, the two sides signed memorandums of understanding on these five projects.
Specifically, Vietnam’s An Phu Corporation and Vietnam Shipping Line Corporation (Vinalines) and China’s Chieu Thuong Corporation and Khai Phat Bank will build the An Phu Hung new urban zone in HCM City and Ba Ria-Vung Tau province with $1 billion of capital.
In addition, Chinese investors will pump $650 million in a thermo-power plant in HCM City, a luxurious trading zone and the Ha Long-Mong Cai highway, worth $400 million each.
Source: VNE
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