The government of Vietnam approved the participation of a foreign consortium in a project for construction of a new seaport and industrial zone in the country’s north, Reuters reports.
The project is estimated at about $315 million. The consortium includes CDC International Corp, registered on the Cayman Islands, Hong Kong’s Asia Infrastructure Development Co and Singapore’s Tien Ich Trung Dong Co.
Construction is supposed to be launched next year and complete in the year of 2036.
Reuters notes that although the establishment of Trans-Pacific Partnership, which will include Vietnam as well, was thrown into question, after a Republican candidate Donald Trump had been elected a US President, Vietnam is one of the top performers among the Southeast Asian states in terms of foreign investments volume.