VND 5,5trillion to build Duyen Hai Electricity Center's seaport

Four comercial banks including the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietinbank, the Bank for Investment and Development of Vietnam (BIDV) and Vietnam Bank for Agriculture and Rural Development (Agribank) will co-sponsor the Duyen Hai Electricity Center’s seaport project under Electricity of Vietnam with a total capital of VND 5,500billion.

Vietcombank is one of four commercial bank to sponsor for the Duyen Hai electricity center's seaport -Photo: VNS

The project is part of the national electricity development capaign for the 2011-2020 periods. It has total investment capital of VND 10,795billion and to be built at Dan Thanh commune, Duyen Hai District of the Southern province of Tra Vinh. It aims to load 12 million tons of coal and 100,000 tons of oil per year to the centre's three thermal power plants.

The port will meet the demand for Duyen Hai electricity center and ensure high-demand of using electricity in the southern region.

Bao Minh -Translated by T.Tran

Other news

Most view

Storm Son Tinh to weaken into tropical low-pressure on July 19

Storm Son Tinh to weaken into tropical low-pressure on July 19

According to the national center for Hydro Meteorological Forecasting, the 3rd storm  Son Tinh at 16pm July 18 centered at 18.8 degrees latitude, 107.5 degrees east longitude, on the Tokin Gulf, 190km from Thanh Hoa to Quang Binh provinces.


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.