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Thursday, May 21, 2009

Vietnam offers projects for Malaysian firms

Opportunities are now available for Malaysian firms to participate in major construction and infrastructure projects being implemented in Vietnam up to 2020.

State Capital Investment Corp of Vietnam (SCIC)'s strategy department director Nguyen Chi Thanh said the country was offering foreign investors a wide range of investment opportunities in areas like roads and bridges, power,seaports, railways and airports.

For this year, Vietnam planned to undertake two major projects worth US$75 billion to build the Long Thanh International Airport and Thu Thiem International Financial Centre, Thanh said.

Other projects such as North-South Express Railway, Lach Huyen International Port and Ha Noi-Lao Cai Highway will be implemented in stages up to 2020, he said.

Thanh, who was in Malaysia to meet Malaysian companies, said SCIC would like to discuss with investors about potential investment cooperation that could be achieved between both countries.

"We are here to introduce big projects to foreign investors, especially Malaysians, due to the strong investment capital cooperation between both countries, such as with Khazanah Nasional Bhd," he said. "Both countries have a strong relationship, and we want to follow the Khazanah model and implement it in our country," he added.

SCIC, the investment holding arm of the Vietnamese government, is looking for cooperation in the form of strategic investors for its existing investee companies as well as setting up new businesses, Thanh said. This, he said, could be carried out with SCIC and its linked companies to implement major investment projects.

By Bernama


Bangkok Property said...

Vietnam is definitely a contender in the future may be some good opportunities there.

Anirban Das said...

Your view is really informative...
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