Additional investors sought for resort

HA NOI — Vinaconex Tourism Investment and Development Joint Stock Co (Vinaconex-ITC) has issued an invitation to other investors to join in its US$1 billion, nearly 172ha Cai Gia-Cat Ba resort project. Along with Vinaconex, the US group 70 PAcmar Inc is already a major investor in the project on Hai Phong's Cat Ba Island.

BIDV approved to open Myanmar office

HA NOI — The Bank for Investment and Development of Viet Nam (BIDV) has received approval from the State Bank of Viet Nam to open a representative office in Myanmar. The office will conduct market research and seek business opportunities and partners.

Can Tho to host seafood festival

CAN THO — The southern city of Can Tho will host the first national seafood festival from April 24-27. The event, expected to attract the participation of over 400 enterprises from across the country, will include a workshop for scientists, farmers and dealers on export orientation and brand-building, as well as a trade fair to bring together domestic seafood enterprises and foreign partners, and an exhibition on Viet Nam's achievements in seafood processing and export. Prizes will be awarded to the most successful industry entrepreneurs.

Nghe An looks for $250m investment

NGHE AN — The central province of Nghe An is calling for investment of around US$250 million in 22 projects in marine and tourism between now and 2015, according to a report in the Econet newspaper.

Among the major projects seeking investment are the Khe Kem Waterfall resort project ($63 million), Nui Quyet – Ben Thuy tourist site ($25 million), Sao Va Waterfall ($10 million), Nghi Thiet Beach ($6 million) and Giang Son Hot Springs ($5 million).

The province is also encouraging investment in commercial centres and sport and recreation facilities, and local authorities have promised to grant incentives to investors in site clearance, infrastructure and land leasing. — VNS