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NEW UPDATES Asean Affairs   27  January 2014  

Dong Nai targets infrastructure

The southern province of Dong Nai will set aside VND3 trillion (US$143 million) this year to develop key infrastructure projects to attract foreign investors.

The statement was made by provincial People's Committee chairman, Dinh Quoc Thai.

In spite of the province's encouraging results in attracting foreign investment in recent years, the lack of adequate infrastructure remains a problem, local authorities said, adding that a paucity of investment is to blame for the poor infrastructure.

The Dau tu (Vietnam Investment Review) newspaper quoted the vice chairwoman of the French-owned Scavi Group, Tran Thi Moc Lan, as saying that Dong Nai's infrastructure, particularly transport, has lagged demand.

"It often takes four hours to reach HCM City from our factory in the province, even though the distance in kilometres is not that long. That has influenced not only our delivery schedules for partners but also our business plans," she told the newspaper.

Yamaguchi Kimio, chairman of the Japanese Business Association in HCM City, agreed. He told Dau tu that several of the association's 600 members had ongoing projects in the province and that they are also concerned about the difficulties in transportation.

In order to deal with the problem, Dong Nai is undertaking efforts to attract investment for infrastructure development, besides receiving funds from the provincial budget, the Department of Planning and Investment director, Bo Ngoc Thu, said.

Dong Nai has set a goal of attracting $700-$900 million in foreign direct investment (FDI) this year, with a focus on infrastructure construction, high technology products, ancillary industries and the services sector, she added.

Last year, the province attracted $1.35 billion in FDI, 35 per cent higher than the annual target and 20 per cent higher from 2012, according to the department.

It licensed 67 new projects with a total registered capital of $651.3 million, while 68 existing projects were allowed to increase investment by a cumulative $700 million.

The FDI disbursement in 2013 increased to $970 million, 7.8 per cent higher than the annual target, and raised the province's cumulative disbursements to over $13 billion, or 67.6 per cent of the total registered investment.

Increased investment promotion activities in Japan turned the country into the leading investor in the province, with newly registered additional investment of $465.7 million.

By December, the province had 1,059 approved projects worth $19.5 billion, it said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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