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  Foreign Investment

Ha Tay attracts various FDI projects

Various big foreign direct investment projects with total investment capital of hundreds of millions of US dollars, are awaiting for investment licences or looking for locations in Ha Tay province, promising a break-through in FDI attraction in the locality neighbouring the capital of Hanoi.

The Boo Young Group of the Republic of Korea will invest US $200 million to build high-rise buildings in the new Mo Lao urban area in Ha Dong town.

Investigation is also being made for the construction of a car station in Ha Dong and an International College in Hoai Duc district with a total investment of US $210 million.

TSQ Company owned by an overseas Vietnamese in Poland is also looking for a location in the new Mo Lao urban area to build a US $80 million commercial centre.

The APB Singapore Asia Pacific Brewery Group is making preparations to set up a beer promotion services supporting company. Investment is estimated at US $1.5 million. While the DEHAN electric cable wire group intends to invest in a golf course project in Chuong My district.

Two other projects are under consideration by the Ministry of Planning and Investment and estimated to be granted licenses later this year. These include a US $22 million 36-hole golf course in Chuong My district by Dsert King Group of RoK and a US $11 million Forward foreign languages and vocational training centre in Thach That district.

Nhan Dan - (25/11/2005)

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