On-going projects

Vietnam invested more than 134.85 trillion Vietnamese dong (5.93 billion U.S. dollars) into boosting the national power grid capacity in 2016, according to the state-run power group Electricity of Vietnam (EVN).

Many investors have expressed interest in the planned construction of an oil supply pipeline project that will transfer petrol from Vietnam to Laos.

Prime Minister Nguyen Xuan Phuc participated in a ground-breaking ceremony for the Minh Tam Cement Plant in the southern province of Binh Phuoc’s Hon Quan district on January 2 during his visit to locality.

According to a master plan on developing the Nui Coc lake national tourist area in the northern mountainous province of Thai Nguyen, the lake is expected to be recognised as a national tourist area before 2025 and looks to be a major ecological and resort centre of the country and serves 4 million tourists by 2030.

Construction of the new Ben Dinh Tourism Port in Quang Ngai province’s Ly Son Island district kicked off on November 23.

A 300 million USD project consisting of a seaport complex and an industrial park at the Dam Nha Mac area in Quang Yen town, the northern province of Quang Ninh, was granted a licence on November 18.

The Government has recently issued a resolution to approve investment plans for 21 targeted programmes during the 2016-2020 period.

KTĐT - Governor of the State Bank of Vietnam (SVB) Le Minh Hung and World Bank Acting Country Director for Vietnam Achim Fock signed an agreement on July 11 to provide Vietnam with 560 million USD in loans to implement climate change response projects in Mekong Delta localities. 

IFC, a member of the World Bank Group, and the Singapore-based Armstrong S.E. Clean Energy Fund have announced investments in the Gia Lai Electricity Joint Stock Company (GEC).

The Ministry of Transport, the provincial People’s Committees of Nghe An and Ha Tinh held a cerremony at Nghi Hai ward, Cua Lo town, Nghe An province on June 26 to start works on Cua Hoi bridge across Lam river, connecting Cua Lo resort town (Nghe An province) and Nghi Xuan district (Ha Tinh province).

Besides the main activities at the conference "Hanoi 2016 - Investment and Development Cooperation" held in Hanoi on June 4, Hanoi city announced the list of the projects that are expected to attract their investments in the period 2016 to 2020 (phase 1).

A ground-breaking ceremony to start the construction on the Hai Phong international container terminal (component B) was held in the northern port city of Hai Phong on May 12.

The Republic of Korea-based HTC company had a working session with Ha Nam’s authorities on March 2 concerning the construction of its plant in the northern locality.

The northern province of Ha Nam on January 18 granted an investment licence to Japan’s Fuji Engineering Vietnam Co., Ltd to build houses and launch services for Japanese experts and labourers at the Dong Van I Industrial Park in Duy Tien district.

The Nghe An Sugarcane and Sugar JSC will invest to build a cow farming and milk processing complex in Russia with the total investment capital of 11,250 billion VND (500 million USD).

The northern province of Bac Ninh authorities presented an investment licence to Singaporean apparel marker Maple on January 6.

The People’s Committee of the Mekong Delta province of Hau Giang and the Malaysian Toyo Ink Group on December 15 initialed a contract for Song Hau 2 Thermal Power Plant project, reported Sai Gon Giai Phong (Liberated Sai Gon) newspaper.

The People’s Committee of northern Ha Nam province granted an investment license for a 6-million-USD battery production project by Vietnam PG Batteries Ltd., Co. on December 11.

Japan’s Seibu Nousan company held a working session with officials of the northern province of Ha Nam on November 3 to discuss a high-tech rice farming project in the locality.

A business in southern Dong Nai province is taking the lead in producing UTZ certificated chocolate for outbound shipments to regional nations.