The Vietnam Government is expected to soon approve the construction of a harbour at Vung Tao, an Evergreen Marine Corp official says. The Evergreen Group holds 40 per cent of a joint venture that plans to invest US$600 million in the initial stage of 15-year project to build the harbour. 'We haven't officially been notified yet but it's likely that some of Vietnam's government agencies have already approved the project,' the spokesman said. Singapore's Tredia Resources and Malaysia-based Malaysia Mining Corp would each hold 30 per cent of the joint venture. Evergreen Marine Corp plans to raise about $200 million through the sale of global depositary receipts.
