BEDB Briefs Vietnam Visitors
By Debbie Too

Bandar Seri Begawan - The Brunei Economic Development Board (BEDB) yesterday briefed the Vice-President of Socialist Republic of Vietnam, Truong My Hoa on the business opportunities and development projects that Brunei is planning. The presentation was delivered by BEDB Acting Chairman, Dato Paduka Timothy Ong.

"The response from the Vietnamese delegation was quite positive, the presentation was well-received and they saw the opportunity that Brunei has to offer," said a BEBD representative-who wished to remain anonymous.

The presentation, he said, included BEDB's plans to create more opportunities by setting up a fertiliser plant and an aluminium plant.

He said Dato Paduka Timothy Ong also briefed the visiting delegation on the upcoming methanol plant that will be opening up in Sungai Liang and the Pulau Muara Besar Port project.

Since the publication of the BEDB's two-pronged strategy in January 2003, the BEDB has actively marketed Brunei Darussalam as an investment destination to prospective investors overseas.

These efforts have resulted in the signing of a number of Memorandum of Understanding (MoUs) which will lead to the achievement of the BEDB's dual objectives of attracting US$ 4.5 billion in foreign direct investments (FDI) and creating 6,000 new jobs by 2008.

Key to the BEDB's strategy is the development of Sungai Liang into a world class industrial site for petrochemical and manufacturing industries that will capitalise on Brunei Darussalam's proven gas reserves.

"The Vietnamese Vice President saw a lot, of opportunities in terms of exporting their labour and expertise as well," he said.

He said the Vietnamese Labour Minister who was present at the briefing and presentation by the Economic Planning and Development Board on per capita income commented that Brunei and Vietnam have much to offer to Asean. -- Courtesy of The Brunei Times

Click Here To Have Your Say On This Story

Brudirect.com News

Brunei's Fastest Growing Website with