The Quang Ngai Provincial People’s Committee has released a list of 70 prioritized investment projects in the 2009–2010 period.
They include 40 projects in the Dung Quất Economic Zone, 10 projects in provincial industrial parks and 20 others.
Among those conducted in Dung Quất, there are projects to produce 60,000 tons of ethyl tertiary-Butyl Ether (MtBE) per annum, 30,000 tons of formalin (used in wood sticking glue), 30,000 tons of Polystyrene (PS), 350,000 tons of black carbon, 210,000 tons of Styrene Monomer, and 50,000 tons of lubricant.
A 1,200 MW coal-fuelled thermo power plant, the Vạn Tường eco-tourist site and a trade center of the same name will be also built in the zone.
Ten projects located in industrial parks are those on production of food and fast food, food for livestock, food for shrimps, non-standard components, aluminum bars, mechanical products, cables, electrical appliances, and on building residential areas and service quarters for the Tịnh Phong industrial park.
Monday, February 23, 2009
Quang Ngai calls for investment in 70 projects
Over VND 100 billion to upgrade section of highway 14 in Dak Nong
The upgrading of Highway 14 in Kien Duc town commenced in Dac RLap district, Dak Nong province on February 20.
The highway section is 5.3 kilometre long with a total investment capital of nearly VND 109 billion sourced from the Government’s bonds.
The upgrading work supervised by the Cuban side is scheduled to be completed in the next 18 months.
This is part of the Ho Chi Minh highway construction project.
Vietnam’s first oil refinery begins production
Viet Nam officially inaugurated its first oil refinery on Feb. 22, in what is being hailed as an important event in the country's development and energy security.
Prime Minister Nguyen Tan Dung attended the inauguration ceremony and pressed the button to launch the first flow of commercial oil of the Dung Quat oil refinery that is located in the central province of Quang Ngai.
Former National Assembly Chairman Nguyen Van An, Head of the Party Central Committee’s Commission for Inspection Nguyen Van Chi, Head of the Party Central Committee’s Commission for Mass Mobilisation Ha Thi Khiet, and Deputy PM Hoang Trung Hai, Head of the state steering committee for key oil and gas projects, were present at the ceremony among others.
Party General Secretary Nong Duc Manh also sent a basket of flowers to congratulate the event.
Addressing the function, PM Dung praised concerted efforts of officials, experts, engineers, workers, project management board and contractors to overcome a wide range of difficulties and challenges during thousands of days to bring out the Dung Quat oil refinery’s first flow of petroleum – an expectation of the whole country.
This is the first commercial oil flow produced by the nation’s first oil refinery that is equipped with technology, managed and operated by Vietnam itself, he said, adding that “it marks an important start of the oil refinery and petrochemical industry.”
The government leader went on to say that the oil refinery is a milestone and a key national project of great significance in all aspects, from politics, economy, society, national defence and security to the country’s industrialisation and modernisation, for Quang Ngai province and the whole central region.
The Dung Quat oil refinery was defined by the Vietnamese National Assembly as a key national work which needs to use advanced technologies and techniques to produce high-grade products meeting strict requirements for environmental protection.
Accordingly, with the designed capacity of refining 6.5 million tonnes of crude oil a year, the refinery is expected to meet about 30 percent of local demand for petroleum.
The oil refinery construction was undertaken by the Technip contractor group that included Technip (France), Technip (Malaysia), JGC (Japan), and Tecnicas Reunidas (Spain).
During the construction process, started in 2005, the Technip group already recruited more than 100 Vietnamese sub-contractors and suppliers of related equipment and services.
It has generated jobs for tens of thousands of local people in Quang Ngai and at peak periods employed up to 12,000 workers from other localities in Vietnam and more than 30 countries around the world.
The plant is expected to run at its full capacity in this August.
When running in full, the Dung Quat oil refinery is capable of churning out about 150,000 tonnes of petrol, 240,000 tonnes of diesel, and around 23,000 tonnes of LPG a month.
Additionally, it can also be producing over 8,000 tonnes of Propylene, 30,000 tonnes of jet fuel and around 25,000 tonnes of FO.
In total, this year the plant is expected to hit the market with about 2.6 million tonnes of oil products.
To serve the full operation, the Dung Quat refinery has since May, 2008 conducted several test runs, using 1,500 tonnes of LPG, over 50,000 tonnes of diesel, and 160,000 crude oil from the Bach Ho (White Tiger) oilfield.
More than 1,000 people have been trained to operate and manage the refinery.
Also in May, 2008, the one-member Binh Son Refinery and Petrochemical Company was established in order to manage and operate the oil refinery effectively.
The same day, the Quality and Standard Directorate handed over a quality certificate to the first petroleum flow produced by the Dung Quat oil refinery.
Depreciation causes subway costs to double
The estimated costs of the Ben Thanh - Suoi Tien subway have doubled to $2.2 billion due to depreciation of Vietnamese dong.
The Ho Chi Minh City People’s Committee has instructed the Urban Railways Management Board (URMB) to discuss the costs with the Japan International Cooperation Agency.
It has also ordered the URMB to report to the ministries of Transport, and Construction about the project’s issues.
The first work on the subway system is set for this year, to be finished in 2013 and open to the public one year later.
The 19.7 kilometer line, of which 2.6 km will be underground, will run through districts 1, 2, 9 and Thu Duc District and part of Di An District, Binh Duong Province.
Construction of Chon Thanh – Duc Hoa section of Ho Chi Minh highway built
The construction of the Chon Thanh – Duc Hoa section of the Ho Chi Minh highway started in Tru Van Tho commune, Ben Cat district, Binh Duong province on February 21.
According to the Project Management Unit, the section with 5 kilometres in length including the Kenh Phuoc Hoa bridge has a total investment capital of over VND 70.6 billion from the Government’s bonds.
The construction of the road section supervised by the Cuban side is scheduled to be completed in the next 18 months.
