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Submitted by ctv_en_8 on Fri, 05/09/2008 - 09:46
A US$10-billion project on Phu Quoc island, financed by US and Canadian investors, will be licensed in 2008, said Deputy Minister of Planning and Investment Truong Van Doan.
Infrastructure facilities and roads linking Phu Quoc island to neighbouring areas will be built under the project, which will become one of the biggest foreign direct investment (FDI) projects in Vietnam once licensed.

The Deputy Minister said another US and Canadian project worth US$3.5-4 billion will also be licensed soon to develop tourism and services in the southern coastal province of Ba Ria-Vung Tau.

According to the Ministry of Planning and Investment, Vietnam has attracted nearly US$7.6 billion in FDI capital in the first four months of 2008, an annual increase of 41 percent
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