Saturday, December 10 2016

VietNamNews

HCM City FDI reaches $3.7b

Update: December, 26/2015 - 11:00

HCM City's foreign direct investment (FDI) this year reached an estimated US$3.7 billion as of December 15, an increase of 13.1 per cent year-on-year, according to the Statistical Office.

It includes $2.8 billion in 555 new projects and $826 million in existing ones.

Forty four countries and territories invested in the city this year. The UK was the biggest investor with $1.2 billion followed by South Korea and the British Virgin Islands with $465 million and $370 million.

THOI BAO KINH TE VIET NAM VIET NAM ECONOMIC TIMES)

Vinatex plant goes on stream in Long An

The Viet Nam National Textile and Garment Group (Vinatex)'s new yarn-dyed fabric plant has begun operations in the Mekong Delta province of Long An's Xuyen A Industrial Park.

The VND444 billion ($19.8 million) plant has a capacity of 10 million metres of fabric per year, 6 million metres in the first phase, and more than 300 workers.

DAU TU  (VIET NAM INVESTMENT REVIEW)

Bac Lieu Wind Power Plant phase 2 begins

Phase 2 of the Bac Lieu Wind Power Plant was put into operation on Thursday by the Cong Ly Joint Stock Company and National Power Transmission Corporation.

The VND5.2 trillion (US$232 million) plant has a capacity of 99MW produced by 62 turbines.

It is expected to contribute more than 320 million kWh of power a year to the national grid.

NHAN DAN (THE PEOPLE)

City sells $1.1b of bonds for infrastructure

The HCM City Financial Investment Company (HFIC) has mobilised around VND23.8 trillion through bond issues since 2003 to develop infrastructure in the city.

In 2010-15, HFIC lent more than VND6 trillion ($268 million) for many infrastructure, medical, and educational projects.

TUOI TRE  (YOUTH)

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