Investors pledge US$4 billion of investment in Red River Delta
By Quoc Hung - The Saigon Times Daily
HCMC – Ten local and foreign investors pledged to invest nearly US$4 billion in projects in the two northern provinces of Nam Dinh and Thai Binh in the Red River Delta at a conference on Wednesday, the Vietnam News Agency reports.
These investors, active in the thermo-electric, mining, real estate and supporting industries, made the pledges at an investment promotion conference organized in Nam Dinh City by the Vietnam Chamber of Commerce and Industry and the two provincial governments.
South Korea’s Taekwang Vina Industry Joint Stock Co. said at the conference it wanted to build a US$1.3-billion power plant in Hai Hau District of Nam Dinh Province; while the Vietnam National Coal and Mineral Industries Group or Vinacomin wants to develop a US$2 billion coal project in Thai Binh Province.
At the business gathering, Bank for Investment and Development of Vietnam also signed agreements to provide credits for some local investors to develop projects in the two provinces.
Deputy Prime Minister Hoang Trung Hai at the event appraised the two provinces in trying to attract investments, and lauded investors who showed their interests in the two provinces, according to the news agency.