Czech firms plan huge investments in Vietnam

Czech businessmen accompanying Prime Minister Mirek Topolánek during his visit to Vietnam are planning to invest dozens of billions of crowns in local economy. Škoda Praha, a unit of Czech electricity producer ČEZ, wants to build a coal-fired power station. Czech Export Bank and state-run Vietindebank will provide funding worth 956 million USD to finance infrastructure and beverage projects in Vietnam. The largest loan worth 720 million USD would go to construction of a highway in southern Vietnam.