AEC Feed

The central province of Quang Ngai in Vietnam has called for new investors in six projects that had their investment licences revoked due to delays from 2010 to 2015.
Head of Dung Quat economic zone’s management board, Nguyen Minh Tai, said the six projects had registered to invest in the zone, but all only either not started work or only done a little.
Tai said the province has offered favourable conditions to draw new investors to revive the projects.
He said two new investors – the Hoa Phat-Dung Quat Steel company and Messeeser industrial gas company – had agreed to cover an industrial ship-building complex.
The other five projects include a seaman’s club, workers’ apartment, a villa in Van Tuong Urban Area and an apartment east of the Tra Bang River, and a hotel-restaurant and service complex.
These projects have been deserted for years, wasting natural resources and investment opportunities.
The 45,000-hectare Dung Quat economic zone is one of five key coastal economic zones in Viet Nam that has been prioritised for infrastructure development.
Nineteen industrial parks are available to investors with infrastructure ready, according to the management board.
According to latest reports, the province has attracted 36 foreign direct investment projects, worth $4 billion. |– Viet Nam News 

Prince Real Estate snaps up Phnom Penh Tower
Prince Real Estate (Cambodia) Investment purportedly signed an agreement on Thursday for the purchase of the Phnom Penh Tower from Hyun-dai Engineering (Cambodia), two anonymous sources and an executive confirmed.
The tower, built in 2011, is one of the largest in Phnom Penh with 22 floors and a net floor space of 1,033 square metres. Contacted yesterday, Hyundai Engineering (Cambodia) General Manager Dae-Gun Sun declined to provide details of the purchase agreement but acknowledged that the building had been sold.
“I can’t talk about this. This is very confidential,” he said, adding that he could provide details after Pchum Ben. |– The Phnom Penh Post

Indonesia, Bangladesh to step up energy cooperation 
Indonesia and Bangladesh signed a memorandum of understanding (MoU) yesterday to expand cooperation in the energy sector.
The areas of cooperation include the possibility of Indonesia supplying liquefied natural gas (LNG) to the South Asian country.
“This MoU is based on the good relations between Indonesia and Bangladesh. Both will work together in the energy sector, particularly through [state-owned oil and gas firm] Pertamina and possibly other companies that will support Bangladesh with LNG supply,” Energy and Mineral Resources Minister Ignasius Jonan said following the signing ceremony at the ministry.
In the past few years, Indonesia has produced some LNG cargo that could not be absorbed domestically. – The Jakarta Post