July 29 Vietnam's Ministry of Planning and Investment said on Tuesday that it estimated foreign direct investment (FDI) in the first seven months of 2008 would be more than double the figure in all of 2007 at $45.2 billlion.
Foreign investors pledged to invest $20.3 billion last year.
The latest FDI projects that have been licensed include Malaysian developer Berjaya Land Berhad's $5.9 billion township in Ho Chi Minh City and Taiwanese group Formosa's $7.8 billion steel complex in the central province of Ha Tinh, the ministry said.
Taiwan now ranks as the biggest foreign direct investor in Vietnam with $8.42 billlion in new investment funds committed so far this year.
The following is a selection of major existing and prospective foreign-investment projects in the Communist Party-governed country of 86 million people: INVESTORS
PROJECT INVESTMENT FINISH DATE ---------------------------------------------------------------- OIL REFINERY/PETROCHEMICAL: Petrovietnam/KPI/Idemitsu Nghi Son refinery $6.00bln 2011 Petrovietnam/PVDSA* Long Son refinery $7.00bln 2015 Technostar Management/Telloil
Vung Ro refinery $1.70bln 2011 Siam Cement
Long Son petrochemical complex $3.70bln 2013 SP Chemicals (SINP.SI) Phu Yen naptha cracker $1.50bln 2014 Petrosetco/Itochu Ethanol plant $100mln 2009 Petrosetco/Bronzeoak Ethanol plant $138mln n/a BP/ConocoPhilips/ONGC Videsh Gas pipeline $1.3bln 2002 *State oil firm Petrovietnam has yet to finalise the joint ventures Venezuela's PVDSA for Long Son refinery. ELECTRICITY EDF/Tepco/Sumitomo Gas-fired Phu My 2-2 plant $400mln 2005 BP Gas-fired Phu My 3 plant $412mln 2005 Formosa Coal-fired Dong Nai plant $87mln 2004 EDF (EDF.PA)* Coal-fired Hau Giang plant $4.00bln n/a J-Power (9513.T)* Coal-fired Ba Ria plant $2.40bln n/a AES* Coal-fired Mong Duong plant $1.00bln n/a Sumitomo* Coal-fired Van Phong plant $3.50bln n/a * Projects under feasibility study stage. STEEL POSCO (005490.KS)* Van Phong Bay steel plant $4.50bln 2010 POSCO
3 mln-tonne Ba Ria Steel $1.13bln 2009 Tata Steel (TISC.BO) 2 mln-tonne Ha Tinh plant $3.50bln 2009 Formosa (6505.TW) 17.5mln-T Vung Ang plant $7.8bln n/a BAUXITE UC Rusal 0.75 mln-tonne Binh Phuoc plant $2.00bln n/a ALCOA (AA.N) 1 mln-tonne Dak Nong plant $1.00bln n/a SHIPBUILDING/PORTS Hyundai (009540.KS) Hyundai-Vinashin Shipyard $170mln 1999 STX Group
Van Phong Shipyard $500mln n/a Hutchison Port 0013.HK Vung Tau container port $200mln 2011 Maersk
Cai Mep Port $187mln 2010 DP World
Saigon Container Terminal $230mln n/a SSA Marine
Cai Mep Container Port $160mln 2010 POSCO Engineering Vung Tau container port $110mln 2011 COMPUTER/ELECTRONICS/TELECOMS Intel(INTC.O) Chip assembly plant $1.00bln 2009 Compal(2324.TW) Vinh Phuc laptop plant $500mln 2009 Foxconn Mobile handset Vinh Phuc plant $1.10bln n/a Foxconn Computer components Bac Ninh plant $5.00bln n/a Olympus (7733.T)
Digital camera plant $44mln 2009 Canon (7751.T)
Inkjet printer plants $440mln 2005 Vimpelcom VIP.N
mobile phone services $1.00bln n/a Hutchinson Telecom
mobile services $600mln 2007 Samsung Bac Ninh mobile handset plant $670mln n/a PROPERTY/REAL ESTATE DEVELOPMENT Asian Coast Development Ho Tram Casino Strip $4.2bln 2018 Ciputra Residential area Hanoi project $2.0bln 2005 Taiwan's CT & D Phu My Hung new ubran project $700mln 2005 Keangnam Keangnam Hanoi Landmark $1.0bln 2010 Kumho Asiana Asiana Plaza $223mln 2010 Trustee Suisse Pearl of Asia Phu Quoc resort $2.0bln n/a Oak Tree Group Danang Sunrise Casino Resort $5.0bln n/a Berjaya Land Ho Chi Minh City township $5.9bln n/a AUTOMOBILE/PARTS Most major car makers including Ford, GM-Daewoo, Toyota, Honda, Daimler, Fiat and Kia have established small-size assembly plants in Vietnam over the past 10 years. Kumho Tyres Binh Duong Tyres plant $200mln 2008 NOTES: n/a = not available (Sources: government Web site (www.chinhphu.vn), Planning and Investment Ministry (www.mpi.gov.vn), Industry and Trade Ministry (www.moit.gov.vn), Petrovietnam and other companies) (Compiled by Nguyen Nhat Lam)
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