Listen & Watch
Tiếng Việt
Politics
Economy
Society
Culture
Travel
Sports
Photos
Your Vietnam

Member for

4 years
Submitted by ctv_en_1 on Sat, 12/02/2006 - 20:00
Forty-six industrial parks and processing parks alone in the southern key economic region have attracted more than 1,800 foreign-invested projects with a combined capital of over US$15 billion, thus providing jobs for nearly 600,000 rural labourers.

According to the Southern Foreign Investment Centre under the Ministry of Planning and Investment, a series of projects with value ranging from dozens of millions to hundreds of millions to billions of US dollar each have been launched in many provinces and cities of the southern key economic region, including Binh Duong, Ba Ria-Vung Tau, Dong Nai and Ho Chi Minh City.

In Ho Chi Minh City, the Intel group of the US recently decided to expand the size of its chip assembly and testing plant from 13,900 to 46,450 sq. meters and increase its investment capital from US$300 million to US$1 billion. Earlier, an investment license was granted to the Saigon Premier Container Terminal (SPCT) project in Hiep Phuoc Industrial Park. The US$249-million terminal has a design capacity of handling 30 million tonnes of cargo a year.

The Saigon Port joint venture and APM Terminals of Finland also agreed to build a container terminal in the southern part of the city by the end of the year.

In addition, the Republic of Korea has broken the ground on its Kumho Asiana complex project located in the centre of HCM City with a total investment capital of US$230 million.

Over the past 11 months, HCM City has licensed 215 foreign investment projects with a combined capital of US$1.371 billion, bringing the total number of foreign investment projects operating in the city to 2,014 worth US$13.876 billion.


Binh Duong province has a Kumho US$300-million factory under construction at My Phuoc Industrial Park to produce automobile tyres.

Meanwhile, Ba Ria-Vung Tau province boasts of an Australian project to build a US$136-million steel factory in Phu My 1 Industrial Park which it describes as the ever biggest in Vietnam under the framework of a US$2-billion investment plan of the BlueScope Steel in Asia and North America.

In November, Ba Ria-Vung Tau licensed POSCO Co. Ltd. of the Republic of Korea (RoK) to invest in a US$1.128 billion project to produce hot and cold-rolled steel. It’s worth mentioning that the project had got approved barely eight days after its application was accepted. Once completed, its products are expected to make up from one third to half of the country’s demand for cold-rolled steel.

In order not to miss the chance, the Vietnam Steel Corporation is planning to establish a joint venture with India’s Essar Corporation to build a hot-rolled steelworks in Phu My. The US$500 million steelworks is expected to turn out two million tonnes per year.

Meanwhile, a joint venture company between Thanh Long Tourism Company and Viet Thang Company will soon break the ground on a tourist resort project named Sea Dragon Hill in Dat Do district of Ba Ria Vung Tau province with a total investment of US$900 million.  

Despite being less attractive than the eastern region, the Steering Board of the South-Western region has cooperated with the Foreign Investment Centre, the Vietnam Union of Scientific and Technological Associations and 18 southern enterprises to draw up trade promotion plans for the entire Mekong River Delta.

In late August 2006, the steering board held a meeting in Can Tho with representatives from cities and provinces to discuss investment plans and two months later, the Mekong Delta Yellow Page Editorial Board publicised a list of projects enjoying the Government’s incentive policies to call for investment.

In November and December, the steering board implemented trade promotion programmes in the United States, Japan and the Republic of Korea. 

To date, the Mekong River Delta has attracted 255 foreign-invested projects with a total registered capital of US$616 million, accounting for just 12 percent of total foreign-invested projects in HCM City.
Share icon

Add new comment

Đăng ẩn
Tắt