Vietnam is rolling
out the red carpet for multinationals with a flourish.
Prime Minister Vo Van Kiet recently- relaxed his houses like Ford and Toyota.
4-month-old ban on build- He approved of a request -
ing factories in rice fields, to put forward by the Hanoi
the delight of industrial city authorities - to set
aside 6310 ha (15,585 acres)
of farmland around the city
for large investment projects,
and high-tech industry.
The Ford and Toyota authorities had, earlier this year, applied for joint venture manufacturing licenses and proposed building assembly lines in the Hanoi area. But Kiet was unwilling to sacrifice the rice fields. The relaxation of the ban now has changed the situation.
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