Việt Nam Prime Minister Nguyễn Xuân Phúc (centre) witnesses the signing of agreement for three infrastructure projects between Indonesia’s Nikko Sekuritas Indonesia and Việt Nam’s construction firm Licogi 16 on October 12 in Bali, Indonesia. — VNA/VNS Photo Thống Nhất

Viet Nam News

BALI — Three infrastructure projects between a Vietnamese and an Indonesian enterprise with total investment to the tune of US$300 million have been signed in the presence of Vietnamese Prime Minister Nguyễn Xuân Phúc.

According to the agreement, Nikko Sekuritas Indonesia, one of Indonesia’s biggest investment banking firms, and the construction company Licogi 16 JSC of Việt Nam will together implement two construction projects in Indonesia – a $50-million financial tower in Jakarta and a 6.7km highway with estimated capital of $200 million – marking the first time a Vietnamese enterprise has conducted an infrastructure project in the neighbouring country.

At the same time, Nikko would invest $50 million into Licogi 16’s 50MW solar energy project in central Việt Nam.