Investment Forum Targets Indochinese Development Triangle

As many as 250 investors from Vietnam, Laos and Cambodia, Japan and Thailand participated in a forum promoting investment in the Development Triangle of three Indochinese countries, held in the Central Highlands province of Kon Tum, on April 20.

 

At the event held by the Ministry of Planning and Investment (MPI), Vietnam pledged equal treatment, free capital transfer and remittance of profits abroad for foreign-invested projects operating on its land.

 

Gia Lai province called for some VND12 trillion (US$750 million) in investment for 85 projects from now until 2010, with 26 among those capitalized at VND4 trillion, designed in the areas of building infrastructure facilities for industrial zones, new residential areas and tourism, said Chairman Pham The Dung of Gia Lai provincial People’s Committee at the conference.

 

The province will also offer top priority to 17 agro-forestry processing projects in the period, and seek Lao and Cambodian companies to invest in building an economic center at the Le Thanh international border gate in Duc Co district, he added.

 

Besides, authorities from the Lao provinces of Sekong and Attopour invited the Forest Specialties Corporation of Quang Tri province in central Vietnam to send feasibility study missions for a $10 million contract for planting 30 hectares of rubber and industrial plantation.