With deals signed on 18 new projects in Laos worth a total of US$1.16 billion last week, Vietnam is stepping up its efforts to remain far and away the country’s leading foreign investor.

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Vietnamese firms expanding investment in Laos

Singapore property firms CapitaLand and Keppel Land on Friday signed agreements with local partners to develop new projects in Vietnam with a combined investment of more than US$200 million.

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Singapore firms invest more in real estate projects

Singapore property firms CapitaLand and Keppel Land on Friday signed agreements with local partners to develop new projects in Vietnam with a combined investment of more than US$200 million.

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Singapore firms invest more in real estate projects

Foreign direct investment into Vietnam continued to decline in July with only US$508 million registered for 95 new projects, according to a new report by the Foreign Investment Agency.

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Foreign investment on downward trend

Vietnam plans to boost investment in Cambodia with seven new projects worth US$1.32 billion.

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Vietnamese firms expand investment in Cambodia

Investment into industrial parks is declining and many have failed to attract any new projects over the past two years, the Vietnam Economic Times reported Wednesday.

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Industrial parks lose appeal for investors

The People’s Committee of Thai Nguyen province and the An Khanh Thermo-electric Power Joint Stock Company have started the construction of the An Khanh Thermo-electric Power Plant in An Khanh commune, Dai Tu district, with a capacity of 100 MW.

The VND 2 trillion plant covers an area of 22.7 hectares.

The main source of material for the plant is the assorted coal of poor quality in Thai Nguyen province and the Khanh Hoa coal mine with a total demand of around 420,000 tonnes a year.

It is planned that the plant will have generated electricity by 2012.

Once operational, the plant will create jobs for 400 workers and contribute around VND 100 billion to the State budget every year.

This is the biggest ever project in Thai Nguyen province, with an enterprise in the province as its investor.

It boasts a geographical and landscape diversity, with mountains, forests, hills, rice fields, salt fields, ponds, lakes, rivers, sea, islands and peninsulas.

The city has a coastline of 42 km and a rich marine biodiversity.

Its economic sectors are industries, trade, trade, seaport services, aquaculture, and tourism.

The city targets to become a centrally-administered city by 2020 and an industrial, trade and service center which plays an important role in the central key economic region.

The Silver Shores joint venture opened an international tourism centre in Da Nang’s Ngu Hanh Son (five marble mountains) district on January 26.

It consists of a five-star hotel chain and an entertainment area, including the biggest international casino in Vietnam.

In addition, there are 52 upmarket villas and a 1,000-seat national conference building.

The entertainment area alone covers 15,000 sq.m, capable of providing baccarat, blackjack, Sic bo, Roulette, Caribbean Stud Poker and other games for hundreds of foreigners at the same time.

The whole project is estimated at US$160 million in total.

Vietinbank Ba Dinh Branch committed to fund $60 million dong to CapitaLand Hoang Thanh Ltd Co to develop the Mulberry Lane high class apartment

project in Mo Lao urban area, Ha Dong Dist, Hanoi.

The commitment was signed on January 29.

Mulberry Lane project has total area of 2.4 hectares, comprising 1,500 high class apartments.