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BUSINESS IN BRIEF 1/5   2009-05-01 - VietNamNet

Vietnam attracts over US$6.35 billion of foreign investment in first 4 months  

The flow of foreign direct investment (FDI) capital into Vietnam reached US$6.357 billion with 145 projects being granted licenses in the first four months, according to the Foreign Investment Department, under the Ministry of Planning and Investment.

The US leapt from the 9th position in late 2008 to top the list of foreign investors in Vietnam in early 2009 with a total of US$3.82 billion.

It was followed by Japan, United Kingdom, Singapore and the Republic of Korea. 

Vietnam to explore for copper in northern Laos  

The Hoang Phat Forestry and Mineral Company of  Vietnam  has signed an agreement with the Lao Government to explore and exploit copper ore in Pan Cau village in the Muong Loong    district of Luang Namtha province in northern Laos on April 29.

The signatories were Hoang Phat Director Nguyen Hach and Lao Deputy Minister of Planning and Investment Thongmy Phomvisay.

Under the contract, with an initial investment of 3 million USD, Hoang Phat will spend 12 months exploring for copper ore and 24 months to mine it on an area of 86.6 sq.km. It will take the company six months to survey the affected area.

After the project, the company and the Laos government will discuss further cooperation.

Dong Nai helps Cambodia plant cashew trees  

A delegation from Cambodia’s trade ministry, headed by Deputy Secretary of State Veng Sothy, visited southern Dong Nai province on April 29 to learn from its experience in growing cashew trees and processing cashew nuts for export. 
 
Dong Nai’s local authorities expressed their wish to develop multifaceted cooperation with Cambodia’s localities, including growing cashew trees and processing cashew nuts for export. 
 
The province’s Donafoods Company presented 50,000 cashew trees to   Cambodia’s Krache province and sent staff to instruct farmers there in plantation technology.
 
Veng Sothy thanked Dong Nai province for their help, saying he hoped for more support in cashew plantation and processing between both localities.



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