Oil billionaires eyeing Vietnam

United Arab Emirates (UAE) investors are eyeing Vietnam as a good place for investment. Billionaires from the oil country are planning to inject $4.2bil in two projects in HCM City.

Managing Director of the five-star hotel Millennium Airport in Dubai Bruce A. Khalili flew to HCM City in early September. The director declined to reveal the details of the trip, but he said that he came to kick start a big-scale plan to invest in Vietnam in the near future.