A US company is expecting to invest about one billion U.S. dollars annually to tap the Vietnamese market, newspaper Vietnam News reported Monday.
The US-based EurOrient Financial Group wishes to invest in three or four projects with one billion dollars each year. Areas of priority include transport, ports, telecommunications, power, gas and petroleum distribution networks, and financial services, the paper said.
The company had reached an agreement with a local partner on a 120-million dollars joint venture, which would develop a wind power plant with capacity of 120 MW in the north, and the license could be issued later this month.
With its strong economic growth and recent WTO membership, Vietnam is attracting more and more foreign companies, including U. S. ones coming to seek business opportunities.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article