U.S. Firm Brokers $200 Million Port Project in HCM City

Tuan Minh

11:11 14/11/2016

BizLIVE - U.S. consultancy firm Globalinx is counseling American companies on a plan to build a $200-million port in Ho Chi Minh City.

U.S. Firm Brokers $200 Million Port Project in HCM City

A view of the Saigon river running through HCM City. Photo: Internet

Texas-headquartered Globalinx Group and a number of U.S. companies have shown interest in building a $200-million port on the Saigon river running through Ho Chi Minh City.
Vietnamese-American La Anh Dung, who represents Globalinx, unveiled the plan at a meeting between overseas Vietnamese and leaders of HCM City on November 13, the Saigon Times reported.
Globalinx has been after the plan for years, according to the newspaper.
Globalinx, on behalf of several American investors, is holding talks with state-run energy firm PetroVietnam to cooperate in building a gas distribution plant in Ba Ria-Vung Tau province, adjacent to HCM City.
Globalinx specializes in providing consultancy for international companies that seek to invest in the infrastructure, petroleum and manufacturing sectors in Asia and America.
Around 4.5 million Vietnamese are living abroad, sending up to $12.5 billion in remittances to the home country in 2015, up 50% from 2010.
HCM City is now home to 122 projects worth $260 million invested by overseas people. A half of total remittances to Vietnam run to the city.

TUAN MINH

Từ khóa: Ho Chi Minh City