Vietnam govt says SpaceX plans $15 billion investment in country

HANOI (Reuters) -Elon Musk’s SpaceX plans to invest $15 billion in Vietnam, the Vietnamese government said in a statement on Thursday.

The statement came after a meeting in New York between Vietnamese President To Lam and Tim Hughes, SpaceX’s Senior Vice President for Global Business and Government Affairs.

“The Vietnamese government is considering the (investment) proposal of SpaceX,” Lam said in the statement.Lam asked SpaceX to closely work with relevant parties in Vietnam to efficiently complete the pre-investment preparations, according to the statement.

U.S.-based SpaceX didn’t immediately respond to a Reuters request for comment.