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Hung Yen Welcomes Largest-ever FDI Project |
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Sunday, 22 October 2006 |
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South Korea’s Bridge Interline Company has received approval from the
northern province of Hung Yen to carry out a US$150-million project for
the first phase, becoming the largest ever FDI project in the province
so far, an official from the Department of Planning and Investment said.
The project is designed to build a high-tech
farming zone, a golf course and a clean industrial park in a combined
area of 600ha in Van Giang and Yen My districts.
Bridge Interline, which engages in urban
development, real estate, golf course design, industrial park and
high-tech agricultural production, has been in Vietnam for ten years.
It has invested into transportation infrastructure in the northern port
city of Hai Phong and aquaculture breeding in the central province of
Thanh Hoa.
Hung Yen, one of eight localities belonging to the
northern key economic zone, has pulled in over $40 million FDI capital
for eight projects so far this year, ranking seventh among local cities
and provinces nationwide.
To date, it has attracted 72 FDI projects worth US$254.5 million.
Hung Yen has so far planned five industrial parks
(IPs), of which two have been put into operation, namely 390ha Pho Noi
A IP and 250ha Pho Noi B IP.
Meanwhile, three others including 50-ha Nhu Quynh
A IP, 50-ha Nhu Quynh B IP and 200-ha Minh Duc IP are still under
construction.
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