Cartoon by Sacrava (on the web at http://sacrava.blogspot.com)
Showing posts with label Bo Y. Show all posts
Showing posts with label Bo Y. Show all posts
Friday, August 08, 2008
Sacrava's Political Cartoon: BO Y Economic Zone
Cartoon by Sacrava (on the web at http://sacrava.blogspot.com)
Vietnam attracts $16.5 billion investment for the Indochinese Triangle ... will Cambodia and Laos reap any benefit?
Border economic zone attracts 16.5 billion USD in investment
07/08/2008
Vietnam Net Bridge (Hanoi)
07/08/2008
Vietnam Net Bridge (Hanoi)
Bo Y International Border Gate Economic Zone in Central Highlands Kon Tum province has so far drawn 24 investment projects with a total registered capital of 282 trillion VND (16.5 billion USD), according to the zone’s Management Board.
The most remarkable project is a six-billion USD international airport which is jointly developed by the Global Investment Enterprise Corporation (GIEC), Sem Tech of Malaysia and PMC Group of Singapore . The first phase of the project is expected to start soon and to be completed by 2011.
The GIEC has also started work on the construction of a five-star hotel in the international entertainment area with an initial investment capital of 800 million USD.
Other large projects included a trade centre valued at 296 billion VND (17.4 million USD) and a cassava powder plant capitalised at 80 billion VND (4.7 million USD), which has already become operational.
The Bo Y economic zone is situated at the T-junction between Vietnam , Laos and Cambodia , core of the economic development triangle that was endorsed by the prime ministers of Vietnam , Laos and Cambodia in Vientiane on November 21, 2004.
At a recent joint trip to the zone, Vietnamese Deputy Prime Minister Nguyen Sinh Hung and his Laos counterpart Somsavat Lengsavad both pledged to create favourable conditions for Bo Y’s development.
The most remarkable project is a six-billion USD international airport which is jointly developed by the Global Investment Enterprise Corporation (GIEC), Sem Tech of Malaysia and PMC Group of Singapore . The first phase of the project is expected to start soon and to be completed by 2011.
The GIEC has also started work on the construction of a five-star hotel in the international entertainment area with an initial investment capital of 800 million USD.
Other large projects included a trade centre valued at 296 billion VND (17.4 million USD) and a cassava powder plant capitalised at 80 billion VND (4.7 million USD), which has already become operational.
The Bo Y economic zone is situated at the T-junction between Vietnam , Laos and Cambodia , core of the economic development triangle that was endorsed by the prime ministers of Vietnam , Laos and Cambodia in Vientiane on November 21, 2004.
At a recent joint trip to the zone, Vietnamese Deputy Prime Minister Nguyen Sinh Hung and his Laos counterpart Somsavat Lengsavad both pledged to create favourable conditions for Bo Y’s development.
Subscribe to:
Posts (Atom)
