1. The Posco Co. Ltd from the Republic of Korea, also the world's third largest steel maker, has planned to invest $1.126 billion in hot-rolled and cold-rolled steel plants in the southern province of Ba Ria-Vung Tau.

Posco will build a $340 million cold-rolled steel plant by 2009 with an annual output capacity of 700,000 tons.

By late 2012 it plans to finish a hot-rolled steel plant and expand cold-rolled facilities with a target of producing 4.5 million tons of products annually.

Posco’s plants are expected to employ some 10,000 Vietnamese laborers.

2. US-based Intel Corporation was granted an investment license in Vietnam with a total capital of $1 billion to build a plant for assembling microprocessors in the Ho Chi Minh City Hi-tech Park.

The project was also the largest-ever investment from the US in Vietnam.

Intel scheduled to recruit 4,000 domestic workers for the plant slated to operate by 2009.

3. Thailand-based Tycoons Worldwide Steel Group planned to develop a US$556 million steel mill from 2006-2009 in Dung Quat Industrial Zone, the central province of Quang Ngai.

The mill, coming as a part of the $1 billion steel factory project,  is designed to produce two million tons of ingot annually in the 2006-2009 stage.

Its capacity would be raised to five million tons by 2010.

The mill was expected to offer jobs to 4,000 national employees.

4. A Republic of Korea consortium would invest $314 million in an urban development project in Hanoi with housing, hotels, commercial centers and parks to be constructed in the Tay Ho Tay area.

The consortium, consisting of five companies, including Daewoo Engineering, Kolon Engineering & Construction Co. Ltd. and Keangnam Enterprises Ltd. will launch the project next year, scheduled to finish by 2014.

5. US-based Winvest Investment group planned $300 million to build a complex of resorts, five-star hotels and entertainment centers in the southern province of Ba Ria-Vung Tau.

6. Japanese Meiko Electronics Ltd Co. was approved a $300 million project to build a printed circuit board factory in the northern province of Ha Tay, about 50km from Hanoi.

The plant was expected to employ some 7,000 laborers and generate an annual turnover of $1.7 billion.

7. The UK-based P&O Ports and Tan Thuan Industrial Promotion Co. (IPC) would invest $249 million to develop a port in the Hiep Phuoc Industrial Park, some 10 km from Ho Chi Minh City center.

The Saigon Premier Container Terminal, including a 950 meter wharf and a 40 ha container yard, is expected to handle over 1.5 million TEUs (twenty-foot equivalent units) of cargo per year when completed in 2008.

8. RoK-based Posco construction company invested $221.9 million in an urban township project in Ha Tay northern province.

The investment was part of a joint venture of Posco and Vinaconex (the Vietnam Construction and Export-Import Company) to develop the North An Khanh new urban area

The new township is scheduled to come on line in 2020, covering a 264 ha-site of residential structures, commercial and offices buildings, and public facilities among other infrastructure works.

9. Booyung Ltd Co. from the Republic of Korea invested $171 million in a construction project of six high-quality 30-storey apartment buildings, among other extra works in Ha Dong town of Ha Tay northern province.

10. The US-based International Textile Group (ITG) would invest $65.5 million to build a production complex in Da Nang central city.

The complex was a joint venture of ITG’s Burling Worldwide subsidiary and Vietnam’s Phong Phu Corp, one of the largest state-run textile companies.

Construction on the complex was set to start in the third quarter of this year, and production is to begin in early 2008, providing jobs for some 1,500 workers.

Source: VnExpress – Translated by Tuong Nhi