Multi-billion dollar foreign-invested power projects are anticipated to be a shining light in Vietnam s 2010 foreign direct investment picture.

The Ministry of Planning and Investment (MPI) is searching for the best scenarios for the country’s foreign direct investments (FDI), on the back of international analysts’ predictions that a rebound could be postponed until 2011.

Vietnam will need VND148 trillion (US$8.7 billion) for its power transmission projects from now until 2015, said the National Power Transmission Corporation (NPT)......

Deputy Prime Minister Nguyen Sinh Hung said the Government may allocate up to 400-500 billion VND for scientific projects of high applicability in the agricultural sector.

Japan will give special attention to Viet Nam ’s large projects of strategic significance to the bilateral relations, Japanese Foreign Minister Masahiko Komura told Vietnamese Ambassador Chu Tuan Cap in Tokyo on January 15.

The Prime Minister agreed in principle upon a 4.18 billion USD project invested by Brunei ’s New City Company to build a high-grade tourist complex in central Phu Yen province.

The Asian Development Bank (ADB) announced on November 23 that it will provide a grant worth of 700,000 USD to help Viet Nam improve its ability to implement official development assistance (ODA) projects.

More and more foreign businesses have flocked to the Dung Quat Economic Zone (EZ) to explore opportunities for investment, according to the EZ management board.

The Chu Lai open economic zone in central Quang Nam province has so far this year licensed three projects and permitted the expansion of an operational one, attracting nearly US$45.6 million and VND62 billion and leasing 70 ha.