3:15:36 PM | 10/11/2008
The Vietnam-Singapore Urban and Industrial Development Joint Stock Company will invest US$1 billion in building an urban and industrial complex at Thuy Nguyen district in the northern port city of Haiphong.
Construction on the 1,600-hectare complex, the largest foreign invested project in the city so far, is set to start next year.
Once its first phase becomes operational in 2015, the complex is expected to attract a substantial amount of investment, thus helping to develop the city’s northern area in accordance with its strategy up until 2025.
The complex is the second of its kind in northern Vietnam to be invested by the Vietnam-Singapore joint venture; the first is located in Bac Ninh province. (Vietstock, VNA)
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