Saturday, October 20, 2007

Vietnam's infrastructure news bits

* Dong Hoi airport unprepared for planes
Much work remains to be done at Dong Hoi Airport in the central province of Quang Binh though the transport ministry and the provincial government have set early next month as the starting time for the first plane to land. The reason is that up to 22 households in Quang Phu and Loc Ninh communes have not moved out of the airport area.

* Thua Thien-Hue wants more cement plants
Thua Thien-Hue is seeking approval for the construction and investment firm Viet Song Long to develop a fifth cement plant in the central province. The US$205-million facility in Nam Dong District is designed to produce 1.8 million tons of cement a year.

* City approves major road expansion
The HCMC government has approved the expansion of Luy Ban Bich and Tan Hoa streets to 23 meters in width from the current 10 meters, and to 4.84 kilometers in length. This road link from Phu Lam Roundabout in District 6 toward the Tan Son Nhat Airport area in Go Vap District requires more than VND860 billion (US$53.4 million) and is scheduled for completion early next year, Tuoi Tre reports.

* SeABank, VIGEA shake hands
South East Asian Bank (SeABank) has reached an agreement to provide loans for members of the Vietnam-Germany Small and Medium Enterprises Association (VIGEA). In return, the association will introduce borrowers to the bank, Thanh Nien reports.

* Binh Dinh adopts ‘one-door’ policy for investors
The central province of Binh Dinh now applies a “one-door” policy in which investment registration procedures are simplified. Investors need to go to the province’s Department of Planning and Investment, 35 Le Loi Street, Quy Nhon City, to register business and investment, Phap Luat reports.

* Projects in Chu Lai await US$3 billion
Foreign investors are being sought for six projects worth US$3 billion in Chu Lai Open Economic Zone in the central province of Quang Nam. The projects include a US$1-billion Chu Lai international airport, a US$800-million complex consisting of a port and a trade center, and a US$300-million urban town, Lao Dong reports.