The U.K’s ReCycled Refused International Group (RCR) plans to invest a total of $8.92 billion in its projects in Vietnam under public-private partnership (PPP) form, the Dau tu newspaper reported Nov 29. Of the sum, RCR will pour $3.69 billion to build waste treatment plants, $2.76 billion for seawater treatment facilities, $1.64 billion for ethanol processing factories and $8.61 million for a motor tyre destroying and re-producing plants. The European company also plans to build between 15 and 20 waste treatment factories in Vietnamese cities and provinces next years. Vietnam is considered a promising destination for British businesses looking to invest in the country due to its political stability and safe environment and a strategic location in Southeast Asia region. The U.K’s businesses have invested $2.22 billion in 135 projects in Vietnam so far, ranking the 17th among foreign investors and aimed to raise their direct investment to $3 billion by 2013. Vietnam needs about $170 billion for developing infrastructure during next 10 years, of which about half is expected to come from the private sector, including foreign firms earlier said the Ministry of Planning and Investment (MPI). (Dau tu – Investment Nov 29 p1)
