Inox Phuoc An Ltd.Co on Dec 17 brought glass factory into operation in Tinh Phong Industrial Park, Son Tinh district, Quang Ngai.
The factory is the first one in the central Viet Nam to produce interior decoration products and safe glass products.
Located on an area of 1.5ha, the factory was completed at the cost of VND 31.5 billion with two workshops producing massive glass products and one workshop producing inox decoration products.
In the first phase of operation, the factory is capable of producing 70,000 inox products and 40,000m2 of glass each year.
Source: vnbusinessnews
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The government has agreed in principle to allow the Vietnam National Petroleum Corporation (Petrolimex) to build a new oil refinery in central Khanh Hoa Province, a company official told Thanh Nien Daily Friday.
The refinery, with a designed capacity of processing 6-7 million tons of crude oil a year, will have a total investment of about US$5 billion, said Petrolimex Vice General Director Vuong Thai Dung. “We are preparing a feasibility study for the project,” he said.
Petrolimex is considering inviting foreign partners to cooperate in implementing the project, he said. “Besides contributing capital to the project, they will have to arrange a stable supply of crude oil for it.”
Covering 600 hectares in Khanh Hoa, the refinery, which is scheduled to start operations in 2013, will turn out products for both local consumption and export, he said.
“However, we will prioritize using the refinery’s products to serve our country’s socio economic development, local consumption, and national security,” Dung said.
Vietnam, Southeast Asia’s third-largest crude oil producer, plans to build seven refinery projects with a combined capacity of 60-70 million tons of crude oil a year.
The Nghi Son refinery in central Thanh Hoa Province is under construction, while the $2.5 billion Dung Quat plant in Quang Ngai Province capable of processing 6.5 million tons a year is scheduled to start operations next February. The rest of the projects are either in the planning stage or have been deferred.
The country imported over 11.8 million tons of petroleum products worth $10.6 billion in the first 11 months of this year, up 3.1 percent in volume and 58.3 percent in value over the same period last year, according to the General Statistics Office.
Source: thanhnien
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Vietnamese prime minister issued an Official Letter No 8607/VPCP-QHQ allowing the joint venture of Keppel Land Watco I Co to continue to carry out construction on the highest twin tower including an 88-storey building and a 66-storey building in HCM City's Dist 1.
However, Keppel Land Watco I has to be restructured.
In the joint venture with Keppel Land, Vietnamese partner will have to transfer their rights and responsibilities to the foreign partner according to the market principle. Keppel Land will sign a land renting contract to continue with the property project as a 100% foreign investment.
The project covers a site of 2 hectares.
Source: vnbusinessnews
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Tan Tao Group (ITA), Vietnam's leading industrial zone infrastructure developer, yesterday on December 10 offered a competitive bidding invitation for Kien Luong seaport and electricity centre project.
The first phase of the project with a total investment of US$2.5 billion will be invested by ITA. The total investment capital for the whole project could be some US$6 billion. However, according to Dang Thi Hoang Yen, ITA's chair, the exact total investment capital for the project will be determined after the tender and work appraisal.
A representative from ITA said that there are at least six foreign and domestic contractors keen on this tender package such as Black & Veatch, SEI, FHDI, PECC 2 and strategic partners, UK-based International Power, Japan-based Sojitz & Kuyshu and other international contractors.
Kien Luong seaport and thermo power centre is Vietnam's biggest thermo power project invested by a private firm.
The project is located in Kien Luong District in the southern province of Kien Giang will be completed in three phases from 2009 to 2018. The thermo power centre will have an estimated capacity of 4,400-5,200 MW including three thermo power plants namely Kien Luong I thermo power plant with a capacity of 1,200 MW, the Kien Luong plant II with a capacity of 1,200-2000 MW and the Kien Luong thermo power plant III with a capacity of 2,000 MW.
Under Dispatch No 1385 issued by the Prime Minister, the first Kien Luong thermo power plant will be put into operation by 2013-2014 and the second one will start operations by 2015-2016.
Source: VNE
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The State Capital Investment Corporation (SCIC) has been approved to invest in electric-power projects by the Electricity of Viet Nam (EVN).
According to a document issued by the Governmental Office, Deputy Prime Minister Nguyen Sinh Hung has approved that SCIC can use its capital to join-invest in electric-power plants by EVN on the principle that EVN and SCIC must hold at least 51% stake in these projects.
SCIC has to be responsible for its selection of ways of investment, investment projects and efficiency as well as.
Source: vnbusinessnews
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