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)
