US-based EurOrient to invest US$1 billion per year in Vietnam
The Associated PressPublished: September 11, 2007
HANOI, Vietnam: U.S.-based private investment banking firm EurOrient plans to invest US$1 billion a year in Vietnam in the coming years, state media reported Tuesday, citing a company official.
Ron Nechemia, chairman and general director of EurOrient, said in an interview with the Vietnam Economic Times that his firm is interested to invest in the financial services, energy, port, transportation and telecommunications sectors in Vietnam.
"We plan to invest US$1 billion in three or four projects each year," Nechemia said.
EurOrient, which is based in California, will soon invest in financial services projects in Vietnam and set up a joint venture with a local partner to invest US$120 million to build a wind-generated electricity plant with a capacity of 120 megawatts, Nechemia added.
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