Four companies of Sun Group have signed a memorandum of understanding with the central coastal province of Khanh Hoa to invest in four projects with a total capital of VND56 trillion (US$2.3 billion) in Van Phong Economic Zone.

The provincial People's Committee has just issued a notice on the conclusion of its chairman Nguyen Tan Tuan at a working session on the implementation of some contents related to the investment co-operation memorandums between Khanh Hoa and the Sun Group Corporation, which were signed at the conference to announce the planning and investment promotion this year.

Accordingly, the provincial People's Committee supported and agreed on the guidelines for the proposals of Sun Group.

The provincial People's Committee assigned the management board of Van Phong Economic Zone to preside over and actively work with Sun Group and relevant departments, branches and localities to research, advise and propose the establishment of a working group to co-ordinate in implementing the next work, in accordance with regulations, to ensure the project meets deadline, and report to the provincial People's Committee before May 5. — VNS