Singapore plans to invest US$11 bln in Vietnam

Singapore's SP Chemicals Ltd. Co. plans to invest US$11 bln in a project to build the Hoa Tam Petrochemical Industrial Zone and the Naphtha Cracking Phu Yen Petrochemical Complex in southern Phu Yen province. The project, the largest so far in Phu Yen, will set aside US$1.5 bln for the first stage from now to 2014 to build infrastructure for the Hoa Tam IZ, a specialised portable to receive 250,000 DWT ships, and a petrochemical complex of 11 plants with a capacity of 800,000 tpa of ethylene. In the following decade, the investor will add US$3.5 bln and its partners contribute another US$6 bln to other projects.
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