On the afternoon of 22 August, 2007, Chairman of Binh Dinh Provincial People’s Committee Vu Hoang Ha had a meeting with Mr. Tu Phong Boi, President of Hong Yeung Co. (Hong Kong International Investment Association).

The Hong Yeung Co. have received investment certificate to construct and business an-477-hecta-area infrastructure in  Nhon Hoi Economic Zone (Zone B). So far the company exploited and gathered all titanium in the area as well as prepared investment procedures.

At the meeting, Mr. Tu Phong Boi proposed a petition to provincial leader aimed to promote investment process. Concurrently, Mr. Tu Phong Boi announced Hong Yeung Co. will organize groundbreaking ceremony to construct infrastructure of Industrial Zone B in 26 September, 2007.

Mr. Vu Hoang Ha cleared up his queries and affirmed that Binh Dinh administrationwill create favourable conditions for foreign companies to invest in Nhon Hoi Economic Zone. He also asked investors to coordinate closely with administration and relevant departments in order to make sure the project running well.

• Reported by Cat Hung
• Translated byHong Ha