Many of the investors were developers, online newspaper ttvn.vn reported.The Hanoi-based Sun Group committed to build a 7 trillion dong eco-tourism and entertainment complex on Cat Ba Island, and BRG Group, another firm headquartered in the capital, said it will expand the Do Son golf course with investment of 2.1 trillion dong.South Korean investment group McKinley pledged to construct a resort and a solar-power plant with capital of US$4 billion (Bt139 billion), while Vietnamese realty giant Vingroup broke ground for a 30,000-square-metre, 45-floor tower in the Vinhomes Riva City urban area on Sunday. Xuan Thanh Group will develop infrastructure worth 7.8 trillion dong for the North Cam River urban area and multi-sector investment firm FLC committed to execute the 5.3 trillion dong FLC Do Son eco-tourism complex.Ho Chi Minh City-based Him Lam Joint Stock Company confirmed it would construct resort complexes worth a combined 4.98 trillion dong on Hon Dau Island.Vingroup and HCM City-based Saigon New Port Corporation entered into a contract with Haiphong to develop an international gateway port in Lach Huyen district with total capital of $3 billion, and Phuc Loc Group from northern Ninh Binh province said it would invest some 14.27 trillion dong on roads in the port city.Haiphong authorities inked a memorandum of understanding with some investors to develop wharves worth 6 trillion dong in the South Dinh Vu Industrial Zone and coastal roads worth 3.25 trillion dong.Hi-tech farmingThey also signed contracts for hi-tech agricultural and industrial developments, such as a $300 million electronic component factory in the Trang Due Industrial Zone and a $24 million building material project for cement with joint venture Chinfon.The authorities said the city would continue to complete infrastructure projects, especially highways, bridges and ports, and improve the business environment to facilitate investors. Addressing the Monday conference, Prime Minister Nguyen Xuan Phuc called on investors to pour money into Haiphong, especially in production, tourism and services.He highlighted the city's advantages for socioeconomic development, while praising its great achievements in investment attraction, especially foreign direct investment (FDI).Haiphong is reportedly leading localities around the country to help attract FDI in the first half of this year, with newly registered and supplemented capital reaching some $1.74 billion, or 15.4 per cent of all FDI capital that the country attracted during the period.

Source: The Nation Bangkok September 21, 2016 11:36 UTC