Here are top 10 FDI projects

1. Posco steel project (US$1.126 billion)

The Republic of Korea’s Posco group has decided to make investment in a steel mill in Phu My II Industrial Zone, Ba Ria – Vung Tau province. The mill will have the capacity of 700,000 tonnes in the first stage and 3 million tonnes in the second stage. It is expected to create 10,000 jobs.

2. Intel Products Vietnam (US$1 billion)

In early 2006, the US-based electronic and computer accessories company Intel got a licence to invest US$605 million in the High-Tech Park in Vietnam. However, the investment capital was raised later to US$1 billion, making the project the biggest ever US-invested project. Some 4,000 labourers will work at Intel’s plant in Vietnam, the biggest production base among the seven Intel bases worldwide.

3. Tycoons Worldwide Steel Vietnam (US$556 million)

The Thailand invested steel mill is expected to be located in Dung Quat Industrial Zone in Quang Ngai Province. The mill is expected to have the capacity of 2mil tonnes in the first phase of the project (2006-2009), and 5mil tonnes in the second phase. The project will create 4,000 jobs.

4. T.H.T Development Company Ltd

The company was established to develop the biggest new urban area in Hanoi, the construction of which will be completed in 2014. Five of the Republic of Korea’s biggest construction firms will get involved in the project. There will be the accommodation area for 250,000 residents, and an area for a trade centre and office building.

5. Winvest Investment Vietnam (US$300 million)

This is a 100% US owned project, under which a resort, five-star hotel and entertainment area in Ba Ria – Vung Tau will be built.

6. Meiko Electronics Company Ltd

Japanese Meiko group has decided to set up a plant specialising in producing electronic parts in Phung Xa Industrial Zone in Ha Tay province. It hopes to create 7,000 jobs and have a turnover of US$1.7 billion a year.

7. Central Saigon Container Port Company (US$249 million)

This is the joint venture between a subsidiary of the UK-based P&O Ports and Tan Thuan Industrial Development Company. The port area is located in the Hiep Phuoc port complex, 10 km from the HCM City centre. It is expected to have the capacity of 1.5 million TEU a year.

8. An Khanh urban area (US$2.1 billion)

Once put into operation in 2020, this will be the biggest urban area in the north, covering an area of 264 ha. The total investment capital of the project is US$2.1 billion, of which, Posco from the Republic of Korea will contribute US$211.9 million. There will be the highest building in Vietnam at 75 storeys; it will include a trade centre, offices and an international trading floor.

9. Booyung Company Ltd (US$171 million)

The Booyung international apartment building will be located in the Mo Lao new urban area in Ha Dong Town in Ha Tay province. This will be a 30-floor apartment building and supporting items. Once operational, the project will provide accommodation for 3,000 families and create 100 jobs.

10. Phong Phu ITG Company (US$65.5 million)

The textile and garment industrial complex will be located in Hoa Khanh Industrial Zone in the central city of Da Nang. This is the joint venture of the Phong Phu Corporation and Burlington Worldwide, which belongs to the US-based ITG. The Vietnamese partner will contribute 40% of total capital, while the foreign partner, 60%.

The complex is expected to provide 60 million metres of fabric every year. 100% of its products will be made in the complex.

Source: VnExpress