Business

EPCC contract signed for Thi Vai LPG depot

The PetroVietnam Gas Corporation (PV Gas) and its contractors signed a 114 million USD contract on November 30 to build the Thi Vai liquefied petroleum gas (LPG) depot in Ba Ria-Vung Tau province.
The PetroVietnam Gas Corporation (PVGas) and its contractors signed a 114 million USD contract on November30 to build the Thi Vai liquefied petroleum gas (LPG) depot in BaRia-Vung Tau province.

The contractors, thePetroVietnam Construction Corporation (PVX) and the Daewoo EngineeringCompany (DEC) from the Republic of Korea , will carry out theproject within 22 months after the contract comes into effect.

Under the terms of the EPCC (engineering, procurement, constructionand commissioning) contract, PVX will carry out works to the tune of 59million USD, while DEC will perform works worth 55 million USD.

Covering a site of 5.3 hectares in the Cai Mep Industrial Zone, thedepot is capable of storing 60,000 tonnes, equivalent to 15,000 m3 ofLPG, making it the largest of its kind in Vietnam .

The depot is expected to help PV Gas stabilise its supply of LPG tothe local market and ensure the nation’s energy security.

Vietnam now houses 26 LPD depots, with a total capacity of 61,000m3, mainly in the northern port city of Hai Phong , the central portcity of Da Nang , the southern province of Dong Nai , Ho Chi MinhCity , the Mekong Delta city of Can Tho and the oil-rich provinceof Ba Ria-Vung Tau./.
Follow VietnamPlus

See more

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.