mai hien

Tuesday, 20 August 2019 07:29


From now until the end of the year, a number of important national highways in the Mekong River Delta (Mekong Delta) will be upgraded to meet the demand for travel and trade when the number of vehicles increases.

According to the report of the plan of implementing projects of the Ministry of Transport, from now to the end of 2019, it will start to upgrade 10 road projects with a total investment of VND 8,000 billion.


In the Mekong Delta region, will upgrade and upgrade Quan Lo - Phung Hiep route with a length of 112 km, passing through 4 provinces including Hau Giang, Soc Trang, Bac Lieu and Ca Mau. This road was built in 2005 and put into operation since 2009, breaking the monopoly of National Highway 1A, shortening the distance of about 50km from Can Tho to Ca Mau. However, after 10 years of use, the road has not been upgraded so the road surface does not meet the transport demand.


The project of upgrading Quan Lo - Phung Hiep line was approved by the Ministry of Transport in March 2016 and is in the technical design phase. Expected, in quarter 4-2019, will start construction and completion in 2020. This project has a total investment of 900 billion.


Another important route in the Mekong Delta is the national highway 53 section of Tra Vinh - Long Toan, 52 km long. Currently, the project is in the design phase, in September 2016, it will be bidding to start the project in October 2016. The project has a total investment of VND 1,202 billion.


The next project in the Mekong Delta was renovated and upgraded as national highway 57, from Dinh Khao ferry (Vinh Long province) to Mo Cay town (Ben Tre province). The project has a total investment of VND 875 billion. According to the MOT's plan, the project will start in September 2016 and be completed by the end of 2020. After upgrading, expanding National Highway 57 from Dinh Khao ferry to Mo Cay Town will be connected smoothly. system of national highways between Ben Tre - Vinh Long - Tra Vinh and other provinces in the region.


In Dong Thap province, the project to upgrade the National Highway 30 section of Cao Lanh - Hong Ngu was approved by the Ministry of Transport. The project has a total investment of VND 800 billion, of which the clearance cost is VND 276 billion. It is expected that the time to start construction of the project in September 2016.


In the northern region, the Ministry of Transport also upgraded a series of national highways, including the Hanoi - Hai Phong highway with Cau Gie - Ninh Binh expressway; the project of connecting national highways 4C and 4D (km238 - km414); Highway 3B project ...


According to the report from the Department of Planning and Investment (Ministry of Transport), out of 10 upgraded projects, the Ministry of Transport approved 8 projects, the remaining 2 projects are Highway 24 and Highway 25 Comments are also approved in 2019.


For 8 projects that have been approved for investment, currently surveying, technical design, construction drawing design and organizing bidding to select construction and installation contractors. It is expected that many bidding packages of 8 projects will start from now until the end of 2019.


Regarding the progress of road upgrade projects, at the recent meeting, Minister of Transport Nguyen Van The asked investors and project management to accelerate the next, slowest steps in In 2020, all 10 national highway upgrading projects must be completed.

Tuesday, 13 August 2019 10:11


The deals have caught public attention as Vietnam is shifting to other power sources to feed its growing economy. 

During the participation of Vietnamese Prime Minister Nguyen Xuan Phuc at G20 Summit in Japan late in June, he and US President Donald Trump discussed and expected the soon signing of the memorandum of understanding on long-term cooperation between Vietnam’s Ministry of Industry and Trade and the US Department of Energy for large scale import of LNG.Liquefied natural gas (LNG) has a greater role in feeding Vietnam`s growing demand for electricity amid its efforts to reduce coal power.


Strong demand for liquefied natural gas (LNG) from gas-fired power projects in Vietnam leaves this sector potential for foreign investors as some entered the market with big deals and bright prospects ahead.

Vietnam plans to import one million metric tons (mt) per year of LNG by 2021, around four million mt/year by 2025, and between six million mt/year and 10 million mt/year from 2026 to 2035, according to the government’s gas market development master plan.

The country’s first LNG import facility, the 1 million mt/year Thi Vai terminal in the southern province of Ba Ria Vung Tau, is under construction and due to commence operation in 2020.

PetroVietnam Gas Corp (PV Gas), the largest gas supplier in the country, in 2014 signed two LNG sale and purchase agreements with Russia’s Gazprom Marketing & Trading and Anglo-Dutch Shell for deliveries into Thi Vai.

PetroVietnam, through its gas arm PV Gas, supplies natural gas to meet 35% of the country's electricity demand and 70% of its fertilizer requirements.

LNG consumption in Vietnam is expected to grow at an annual rate of 10% in the next decade, driven by the government’s efforts to gradually move away from coal-fired power in favor of cleaner alternatives. 

Despite efforts to raise the ratio of renewable sources such as solar and wind, challenges in regulatory framework, long-term planning, and grid capacity are weighing on the government’s efforts. 

Meanwhile, hydropower potential is nearly exhausted and increasingly being scrutinized due to impacts on the environment.

This opens up room for gas-fired power generation to assume a larger role in the national power mix, as a cleaner, less- environmentally hazardous alternative to coal and hydropower with a more reliable baseload power source compared with most renewables, according to Vietnam News Agency.

In the country’s current power plan (the Power Plan VII) revised in 2016, the room for construction of 8,000 MW of newly-built gas-fired projects is available between 2021 and 2027 in the southern provinces of Kien Giang and Dong Nai, and the central provinces of Quang Nam and Binh Thuan.

In addition, gas-to-power projects become more feasible thanks to a combination of supportive factors including the availability of funding, rising foreign capital inflows into the domestic power, and government’s support for greater gas use, accordingly to analysts from Fitch Solutions.

Foreign presence

Korea Gas Corporation (Kogas) has become the latest player when it inked last week a memorandum of understanding with Energy Capital Vietnam (ECV) to serve the development of a privately-funded LNG regasification terminal, storage, gas supply system and a 3,200MW gas-fired power project near the Ke Ga cape in Binh Thuan.

David Lewis, CEO of Energy Capital Vietnam, said the partnership between Kogas and ECV allows both companies to leverage each other’s strengths to bring low-cost LNG to Vietnam and help address critical energy security needs.

In early July, Japan JXTG Nippon Oil & Energy (JXTG) tied up with Vietnam National Petroleum Group (Petrolimex) to build liquefied natural gas (LNG) receiving stations and joint procurement. 

In an MoU signed in Tokyo, Hanoi-based Petrolimex expects to invest roughly US$4 billion in LNG receiving facilities and power plants in Vietnam while JXTG – which has LNG receiving facilities in Japan – will offer operational expertise, according to Nikkei. 

The partnership marks a new Vietnamese foray for JXTG – Japan’s largest direct seller of crude oil – which had planned to conduct an oil refinery project in Vietnam. In 2016, JXTG’s unit named JXTG Holdings took an 8% stake in Petrolimex for JPY20 billion (US$185 million at current exchange rate).

Meanwhile, Vietnam News Agency reported that the deal aims to serve Petrolimex’s upcoming LNG import port in Vietnam’s central province of Khanh Hoa where Petrolimex will provide LNG to gas-fueled power plants in the locality run by Vietnam Electricity (EVN). 

On this occasion, Petrolimex also inked an MoU with Japan Cooperation Centre Petroleum (JCCP) in which JCCP will focus on human resources, technical training in downstream oil and gas industry.

The deals have caught public attention as Vietnam is shifting to other power sources to feed its growing economy. 

During the participation of Vietnamese Prime Minister Nguyen Xuan Phuc at G20 Summit in Japan late in June, he and US President Donald Trump discussed and expected the soon signing of the memorandum of understanding on long-term cooperation between Vietnam’s Ministry of Industry and Trade and the US Department of Energy for large scale import of LNG.

Friday, 09 August 2019 02:01

The Vietnamese railway sector is taking measures to increase the volume of freight transport as it did not meet the set target in the first half of 2019, according to insiders.


Chairman of the Hanoi Railway Transport Joint Stock Company (HARACO) Do Van Hoan said that the volume of rail freight transport is declining significantly. 

During January-June, the company loaded over 1.9 million tonnes of goods, and unloaded over 1.8 million tonnes of goods, equal to only 87 percent and 88 percent of those of the same period last year.

This resulted in a decrease in the company’s turnover from both cargo loading and unloading, just equivalent to 92.9 percent of that of the same period last year.

General Director of the Sai Gon Railway Transport JSC Dao Anh Tuan stated that his company fell into the same situation. In the first six months of 2019, the company transported over 438,000 tonnes and unloaded 394,000 tonnes of goods, equal to 92.1 percent and 87.4 percent of those of the same period last year. Its takings from these works were equal to 96.9 percent of that of the same period of 2018.

Hoan attributed the decreases to business difficulties of his company’s major partners, and declines in farm produce exports to China from the northern and southern regions.

To reverse the situation in the remaining months of 2019, he said that on July 31, his company will launch an express freight transport train from Hanoi’s Yen Vien station to Song Than station in the southern province of Binh Duong, with the frequency of five pairs of trains a week.

The official added that the railway sector will continue reducing transport costs to attract more trade partners.

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