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30 July 2003 - Vietnam is currently planning its first large-scale foreign investment, a hydro-electric plant in Laos' Sekong Province. The 210 MW plant will be built and funded by the Vietnam-Laos Investment and Development Joint Stock Company, with capital of $232m.

The building is scheduled to commence by the middle of next year. The Sekaman 3 plant, built under the BOT (build, operate and transfer) method, is expected to start generating electricity by 2008.

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