FACTBOX-Foreign investment projects in Vietnam

Mon Sep 22, 2008 4:22am EDT
 
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 Sept 22 (Reuters) - Vietnam has licensed a joint venture
between Malaysia's Lion Industries (LLBM.KL) (LION.KL) and top
shipbuilder Vinashin to build a $9.8 billion steel mill, the
country's largest joint venture so far [ID:nHAN28140].
 The project takes the total value of steel mill projects
licensed so far this year in the Southeast Asian country to
more than $27 billion, about half of the country's total new
foreign direct investment pledges so far this year.
 Last month, India's Tata Steel (TISC.BO) signed a joint
venture deal with Vietnam Steel Corp and Vietnam Cement
Industries to build a $5 billion steel plant [ID:nBOM245563].
 In June, Taiwan's Formosa Heavy Industries (6505.TW) won a
licence for a $7.8 billion steel mill in the central province
of Ha Tinh.
 Foreign direct investment in the first eight months of 2008
would jump more than four-fold from the same period last year
to a record $47.2 billion, the Planning and Investment Ministry
estimated.
 Disbursement between January and August is estimated to
have risen nearly 43 percent from the same period last year to
$8 billion, the Foreign Investment Department said.
 The following is a selection of major existing and
prospective foreign investment projects in the Communist
Party-governed country of 86.5 million people:
  * updated
 INVESTORS                   PROJECT           INVESTMENT DATE
OF COMPLETION
 OIL REFINERY/PETROCHEMICAL
 Petrovietnam/KPI/Idemitsu   Nghi Son refinery    $6.00 bln
2011  Petrovietnam/PVDSA#         Long Son refinery    $7.00
bln  2015  Siam Cement     Long Son petrochemical complex 
$3.70 bln  2013  Technostar Management/Telloil Vung Ro
refinery
  $1.70 bln  2011  BP/ConocoPhilips/ONGC Videsh Gas pipeline
  $1.3 bln  2002  SP Chemicals SINP.SI Phu Yen naphtha
cracker   $1.50 bln  2014  Petrosetco/Itochu           Ethanol
plant         $100 mln  2009  Petrosetco/Bronzeoak      
Ethanol plant         $138 mln   n/a  # State oil firm
Petrovietnam plans to sign a contract on the  joint venture
with Venezuela's PVDSA in November this year.
  ELECTRICITY
 BP                    Gas-fired Phu My 3 plant    $412 mln
2005  EDF/Tepco/Sumitomo    Gas-fired Phu My 2-2 plant  $400
mln  2005  Formosa               Coal-fired Dong Nai plant  
$87 mln  2004  EDF (EDF.PA)         #Coal-fired Hau Giang plant
$4.00 bln  n/a  Sumitomo             #Coal-fired Van Phong
plant $3.50 bln  n/a  J-Power (9513.T)     #Coal-fired Ba Ria
plant    $2.40 bln  n/a  AES                  #Coal-fired Mong
Duong plant$1.00 bln  n/a   # Projects under feasibility study
stage.
  STEEL *Lion Industries       Ca Na Steel Mill JV       
$9.79 bln 2025
 Tata Steel (TISC.BO)  4.5 mln-T Ha Tinh plant    $5.0  bln
2010  Formosa (6505.TW)     17.5 mln-T Vung Ang plant  $7.8 bln
 n/a
 POSCO (005490.KS)     Van Phong Bay steel plant  $4.50 bln
2010  POSCO                 3 mln-T Ba Ria Steel       $1.13
bln  2009
 BAUXITE
 UC Rusal             0.75 mln-T Binh Phuoc plant $2.00 bln n/a
 ALCOA (AA.N)          1 mln-T Dak Nong plant     $1.00 bln
 n/a
 SHIPBUILDING/PORTS
 Hyundai (009540.KS)   Hyundai-Vinashin Shipyard   $170 mln
1999  STX Group             Van Phong Shipyard          $500
mln   n/a  Hutchison Port (0013.HK) Vung Tau container port
$200 mln  2011  Maersk                Cai Mep Port            
  $187 mln  2010  SSA Marine            Cai Mep Container Port
 $160 mln  2010  POSCO Engineering     Vung Tau container
port     $110 mln  2011
 DP World              Saigon Container Terminal   $230 mln n/a
 COMPUTER/ELECTRONICS/TELECOMS
 Intel (INTC.O)        Chip assembly plant         $1.0 bln
2009  Compal (2324.TW)      Vinh Phuc laptop plant      $500
mln  2009  Foxconn         Mobile handset Vinh Phuc plant  
$1.1 bln  n/a  Foxconn       Computer components Bac Ninh
plant
 $5.0 bln  n/a  Olympus (7733.T)      Digital camera plant    
$44 mln  2009  Canon (7751.T)        Inkjet printer plants
 $440 mln  2005  Vimpelcom (VIP.N)     mobile phone services
   $1.0 bln  n/a  Hutchison Telecom     mobile services
    $600 mln  2007  Samsung            Bac Ninh mobile
handset plant  $670 mln  n/a
 PROPERTY/REAL ESTATE DEVELOPMENT
 Asian Coast Development Ho Tram Casino Strip      $4.2 bln
2018  Brunei New City Group   Phu Yen township          $4.3
bln   n/a  Ciputra          Residential area Hanoi project 
$2.0 bln  2005  Star Bay Holding Kien Giang golf & resort     
  $1.6 bln   n/a  Good Choice USA  Vung Tau resort
 $1.3 bln   n/a  TA Associates Int' Thu Thiem IT Park
   $1.2 bln   n/a  Keangnam         Keangnam Hanoi Landmark
     $1.0 bln  2010  Taiwan's CT & D  Phu My Hung new ubran
project    $700 mln  2005  Kumho Asiana     Asiana Plaza
          $223 mln  2010  Mirax Group           Cam Ranh
resort             $200 mln  2010  Berjaya Land     Ho Chi Minh
City township        $5.9 bln   n/a  Oak Tree Group   Danang
Sunrise Casino Resort     $5.0 bln   n/a  Trustee Suisse  Pearl
of Asia Phu Quoc resort    $2.0 bln   n/a
 AUTOMOBILE/PARTS
 Most major car makers including Ford, GM-Daewoo, Toyota,
Honda,  Daimler, Fiat and Kia have established small-sized
assembly  plants in Vietnam over the past 10 years.
 Kumho Tyres      Binh Duong Tyres plant           $200 mln
2008
 NOTE: 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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