Piling work started yesterday for the 33.7-ha Sai Gon International Terminals Vietnam Project in Phu My 1 Industrial Park, marking the most important process of the port construction by the China Harbour Engineering Company (CHEC).
“This is the most important phase of the project so we use the 46m concrete piles which have no joints, the longest ones for Vietnam ’s projects in water,” said project director Luo Wen.
CHEC is the general contractor of the port’s three construction packages totally valued at more than 163 million USD.
The container and general cargo port project is expected to begin operation in 2011 when it will house three 730 metre wharves capable of handling ships of up to 60,000 tonnes.
The Sai Gon International Terminals Vietnam (SITV) is a joint project between Hutchison Ports Mekong Investment SARL, an affiliate of the Hong Kong – based Hutchison Port Holdings group and Sai Gon Investment, Construction and Trade Company.
The SITV is in accordance with the Government’s planning of the seaport group in the area of Ho Chi Minh City and Dong Nai and Ba Ria-Vung Tau provinces toward 2020.
Tuesday, January 13, 2009
Piling work begins at new seaport
PetroVietnam develops clean energy project
The Vietnam National Oil and Gas Group (PetroVietnam), in cooperation with China ’s XinAo Group, is considering a 700-million-USD project to produce clean energy in Thanh Hoa province’s Nghi Son district.
The project will include a storage system and port for receiving liquefied natural gas (LNG) and a distribution system with an annual capacity of 3 million tonnes, which will be increased to 6 million tonnes in the future.
The project will also produce dymethyl ether (DME) that will be mixed with liquefied petroleum gas (LPG) to provide lower-cost LPG.
The Chinese partner will contribute 55 percent of the project which will have initial total capital of 30 million USD.
Thursday, January 8, 2009
Taiwan leads foreign investors in Vietnam
With 1,940 valid investment projects, worth a total of 19.65 billion USD, Taiwan tops the list of 84 countries and territories investing in Vietnam , since the promulgation of the Foreign Investment Law in 1988.
Three quarters of Taiwanese projects are in industry and construction, numbering 1,460 projects valued at 16.2 billion USD, representing 75. The remaining mainly involve in services, agriculture, forestry and fisheries.
Taiwanese have invested in 55 provinces and cities across the country, but a majority concentrate in Dong Nai, HCM City, Binh Duong, Hai Phong, Long An, Ninh Binh, Vinh Phuc, Hai Duong and Ba Ria-Vung Tau.
According to the Foreign Investment Department, Taiwanese investment projects mainly used high technologies and state-of-the-art equipment, especially those involving in motorbike assembly, production of cement, sodium glutamate, synthetic fiber and electronic parts, farming technology, aquatic products farming and processing.
Foreign investors called for investing in Van Phong Port
Deputy Prime Minister Hoang Trung Hai has instructed the Ministry of Transport to design a plan to call for foreign investors to invest in the construction of the Van Phong International Entreport.
According to the Government Office, the Ministry of Planning and Investment, Ministry of Finance, the Van Phong Economic Zone Management Board and related agencies will join hands to develop this plan.
The Deputy PM asked the Vietnam Shipping Lines Group, Vinalines, to raise capital and develop this project. He also requested the project developer to choose capable conductors for the project’s bidding contracts.
The groundbreaking ceremony of the Van Phong International Container Entreport, which was scheduled in early 2008, was canceled after the local government of Khanh Hoa province proposed a huge steel project invested by Posco, a South Korean group in this area.
This project was protested by experts and the people for the worry of possible environmental pollution caused by this steel plant.
On October 31, 2008, Prime Minister Nguyen Tan Dung refused this project, which is worth nearly US $10 billion, saying that the project may affect the future development of the Van Phong International Container Entreport and harm the environment.
Malaysia’s Janakuasa to build $1.5 bln Vietnam power plant
Vietnam has awarded a US$1.5 billion contract to build a coal-fired power plant to Janakuasa Sdn., a Malaysian power generator, in the Mekong Delta province of Tra Vinh, a government official said Tuesday.
“The plant, part of a group of three plants in the province, is under the government’s master plan to ease the power shortage in the country,” Pham Van Chieu, chief administrator of the provincial People’s Committee, said by phone from the province, about 200 kilometers from Ho Chi Minh City.
The 641-hectare Duyen Hai power complex consists of three coal-fired plants with a total investment of about $5 billion and a combined capacity of 4,400 megawatts, according to the plan posted on the Tra Vinh Department of Planning and Investment website.
Duyen Hai 1 plant will be built by Electricity of Vietnam, the state-owned utility, Chieu said. Janakuasa will construct Duyen Hai 2 and a contract has still to be awarded for Duyen Hai 3, he said.
Construction of Duyen Hai 2 is scheduled to start in 2011 and will be completed by 2015, according to Chieu.
“Electricity generation from these plants will supply the national power grid,” Chieu said. “For Duyen Hai 2, the government, Electricity of Vietnam and Janakuasa will work out the sale price, as there are no details about the price yet.”
