Posco E&C wins contract to construct steel factory

HA NOI (VNS)— Posco Engineering&Construction Co, the construction arm of South Korea's largest steelmaker, Posco, has beat 10 other contractors to secure the US$302 million deal to build the Formosa Raw Material Handling Yard in Viet Nam. Under the contract with Formosa Ha Tinh Steel Corp, an affiliate of Viet Nam's Formosa Group, Posco E&C will build the facility in a steel complex in central Ha Tinh Province. Construction on the project, which will have an annual production … [Read more...]

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FPG begins constructing steel mill in Vietnam

Construction began Sunday on a blast furnace that will be part of a steel mill complex built with investment by Formosa Ha Tinh Steel Corp., a Formosa Plastics Group (FPG) steel venture in Vietnam. FPG president William Wong said that in the primary stage of construction, the company expects to hire around 10,000 Vietnamese workers. The complex is aimed at turning Ha Tinhi, a province on the country's north central coast, into a key industrial city. Vietnamese Prime Minister Nguyen Tan Dung … [Read more...]

Steel giant heads abroad for forex

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Formosa Ha Tinh Steel Corp has set its sights on increasing exports as a way of maintaining its much-needed foreign exchange balance. illustration photo The move follows the Vietnamese government's thumbs down on the company's requests for a mechanism that would see its dong earnings converted into forex. Last year, the Taiwanese investor made a concerted push to obtain foreign exchange balance support from Vietnamese authorities. The company needs to guarantee it has enough capital to … [Read more...]

Formosa’s FX fears

Taiwan's Formosa is seeking Vietnamese authorities' support to mobilise foreign currency to run its giant steel complex in central Vietnam. According to Chu Xuan Pham, representative of the Formosa Ha Tinh Steel Corp. (FHS), the Taiwanese firm would need $2.8 billion a year to import iron ore, coke coal and other materials for its Vung Ang Industrial Park-based steel plant in Ha Tinh province, to produce 7.5 million tonnes of steel in the first phase of operation. The first phase, which has … [Read more...]

New road to reduce congestion in HCM City

A 20km section of the HCM City - Long Thanh - Dau Giay Expressway opened to traffic yesterday. The opening is expected to help reduce traffic congestion on National Highway 1A.

A 20-km section of the HCM City-Long Thanh-Dau Giay Expressway opened to traffic on January 2. The section running from Ring Road II in District 9 to National Highway 51 in neighbouring Dong Nai Province's Long Thanh District has six lanes, including two for emergency stops. It is expected to reduce congestion on National Highway 1A, Mai Tuan Anh, director general of the Vietnam Expressway Corporation (VEC), the operator of the highway, said. It shortens the distance from HCM City to … [Read more...]

New road to reduce congestion

A 20km section of the HCM City - Long Thanh - Dau Giay Expressway opened to traffic yesterday. The opening is expected to help reduce traffic congestion on National Highway 1A. — VNA/VNS Photo Hoang Hai

HCM CITY (VNS) — A 20-km section of the HCM City-Long Thanh-Dau Giay Expressway opened to traffic yesterday. The section running from Ring Road II in District 9 to National Highway 51 in neighbouring Dong Nai Province's Long Thanh District has six lanes, including two for emergency stops. It is expected to reduce congestion on National Highway 1A, Mai Tuan Anh, director general of the Viet Nam Expressway Corporation (VEC), the operator of the highway, said. It shortens the distance from … [Read more...]

Part of Ho Chi Minh City-Long Thanh-Dau Giay highway opens to traffic

The newly completed section (Source:bizlive.vn)

Nhan Dan Online - A 20-kilometre section of the Ho Chi Minh City-Long Thanh-Dau Giay highway was made operational at a ceremony held on January 2 by the project's investor, the Vietnam Expressway Investment Corporation (VEC). According to VEC General Director Mai Tuan Anh, the section will help shorten the distance and travel time from Ho Chi Minh City to surrounding localities. The newly completed section has been built cooperatively by the China Road and Bridge Corporation (CRBC), Civil … [Read more...]

Social Headlines December 30

The implementation of a strategy on ethnic affairs until 2020 was launched at a national conference in Hanoi on December 28, during which, ministries, agencies and localities across the country were assigned with key tasks to realise the set goals.

Expanded Noi Bai-Terminal T1 inaugurated The expanded Terminal T1 of Noi Bai International Airport was officially put into operation on December 29. Terminal T1 was inaugurated in 2001 with a design capacity of serving 6 million passengers per year. However, a two-fold increase in numbers of passengers in recent times forced the Airports Corporation of Vietnam (ACV) to upgrade the terminal. The expanded project was built on 25,000 sq.m by ACV at a cost of VND500 billion. It included five … [Read more...]

Noi Bai-Lao Cai highway partly opened to traffic

A segment of the Noi Bai-Lao Cai highway, from Hanoi to the northern province of Vinh Phuc, opened to traffic on December 27. The 26 kilometre long section, with six lanes, was constructed by Posco Engineering and Construction (POSCO E&C) of the Republic of Korea, with a total investment of over 2.5 trillion VND (over 120 million USD). It is expected to contribute to reducing traffic on Highway No. 2 and facilitating goods and passenger transportation from Hanoi to Binh Xuyen and Ba … [Read more...]

Quang Binh concrete pipe plant begins operations

At the inauguration ceremony (nhandan.com.vn)

Nhan Dan Online - The Minh Duc concrete pipe plant was put into operation on June 15 at the Hon La economic zone in the central province of Quang Binh. The VND120 billion (US$5.8 million) project is being implemented by the Son Truong Company and uses the D300 - D800 pre-stressed strength concrete assembly line imported from the Republic of Korea. The plant has a capacity to produce more than 54,000 pipes per year and creates jobs for 200 local residents. It also signed its first contract … [Read more...]

Hanoi to become a green city

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The 3rd report on the Hanoi Master Construction Plan has been submitted to the Vietnamese government and paints a new, green picture of Hanoi by the year 2030. The report, filed by US design and architecture firms Perkins Eastman and Posco Engineering &Construction, along with Jina from South Korea (PPJ), is a joint project aimed to guide the future construction and development of Hanoi. The proposal focuses on an expanded central urban area, five satellite cities, and eco-system … [Read more...]

Chinese, S.Korean Firms Sign US$449M Deals for Vietnam Expressway

Two South Korean firms, one Chinese company and Vietnam Construction Import Export Joint Stock Co have inked contracts worth VND8 trillion (US$449 million) with Vietnam Expressway Development and Investment Co. (VEC) for four bidding packages of Noi Bai-Lao Cai expressway. South Korean-invested companies, Posco Engineering & Construction (Posco E&C) and Doosan, have won A3 and A6 bidding packages valued at VND2.38 trillion and VND2.4 trillion respectively. China's Guangxi Road & … [Read more...]

Experts surprised by audacity of proposed Hanoi master plan

Hanoi City is giving positive consideration to implementing a long-term urban development plan it has commissioned from an international consortium. However, the draft plan is drawing fire from Vietnamese experts. Early in July, Hanoi authorities reviewed an ambitious plan for Hanoi's development to 2030, with a 'vision' to 2050. The plan calls for the city's evolution as 'the first sustainable capital city.' It is the work of PPJ, a consortium made up of the US design and architecture firm … [Read more...]

Capital getting connected

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Major railway and highway projects will set Hanoi's transport system on a more efficient pathway. Last month Vietnam Railways Administration (VRA) and China Railway No.6 Group signed a $350 million contract to build a $552 million project light railway system in Hanoi, connecting downtown with Ha Dong district in the southwest. The five-year project, which will finish by 2014, will be largely funded by soft loans from China. The line will start at the Cat Linh-Giang Vo crossroads, connecting … [Read more...]

Vietnam starts work on longest expressway

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HCMC - Vietnam commenced work on what is described as its longest expressway in the northern province of Vinh Phuc on Saturday. The highway project owned by Vietnam Expressway Corporation (VEC) will have a total length of 264km and allows a maximum speed of 100km per hour. Prime Minister Nguyen Tan Dung and other delegates press the button to start work on Vietnam's longest expressway on Saturday - Photo: TTXVN VND20 trillion (US$1.2 billion) will be needed for the first of two construction … [Read more...]

Posco E&C, VEC Sign Deal for US$1.25 Bln Expressway

The Vietnam Expressway Corporation (VEC) and Posco Engineering and Construction (Posco E&C) Tuesday inked a contract for the first among eight packages of the US$1.25-billion Noi Bai-Lao Cai expressway project. The tender package comprises of the construction of a 26.7-kilometer road connecting Hanoi's outskirt Soc Son district with Tam Duong district of Vinh Phuc province. The highway, 264 kilometers long and 25.5 meters wide, is invested by VEC and designed by Japanese Pacific … [Read more...]

Noi Bai-Lao Cai highway to be built

A VND2.55-trillion contract for the first stage of the Noi Bai-Lao Cai highway project was signed by the Vietnam Expressway Corporation (VEC) and the Posco Engineering and Construction (Posco E&C) on March 24. The package includes the construction of a 26.7km road stretching from Hanoi's suburban district of Soc Son to Tam Duong district in the northern province of Vinh Phuc. Japanese Pacific Consultants International (PCI) will design the 264km-long and 25.5m-wide highway, which is … [Read more...]

US$410 million for southern highway

The expressway, which will be a tollroad upon completion, will start from the T-junction of the second ring road in HCMC's District 9, pass by the future Long Thanh International Airport and end at the junction with National Highway 1 in Dau Giay area in Dong Nai Province. The project also includes the construction of a 1.7-kilometer bridge over the Dong Nai River in Long Thanh. The US$932.4 million project will also be funded by the Japanese Bank for International Cooperation (JBIC) and the … [Read more...]

Ha Noi plans to become an ‘original city’, interview

Bradford Perkins, chairman of Perkins Eastman (Photo: SGGP)

An international consultative contract, establishing an overall plan for Ha Noi by 2030, was signed by the Ministry of Construction December 26 in Hanoi. The contract was awarded to a partnership of Perkins Eastman, one of the biggest urban and interior designers in the US, and two Korean firms, Posco Engineering & Construction and Jina, with a combined capital of $6.4 million. SGGP caught up with the chairman of Perkins Eastman, Bradford Perkins, to discuss his ideas for Ha Noi's … [Read more...]

Maersk port operator builds Vietnamese container terminal

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A.P. Moeller-Maersk A/S's APM Terminals unit, a cargo handler at more than 50 ports on five continents, won a US$112 million contract to develop a container terminal in Vietnam with two local partners. A container crane lifting containers at Saigon Port, one of the country's key ports … [Read more...]