Van Phong lures billions in investment

Many major business groups from Japan, South Korea and Singapore have moved to invest in the Van Phong Economic Zone in Khanh Hoa Province, according to zone manager Nguyen Trong Hoa.

Japan’s Sumitomo plans to invest in a US$4 billion power plant with a capacity of 2,640MW and may co-operate with Viet Nam National Shipping Lines to build an international transfer port at a cost of $196 million.