Thanks to the support of An Phat Holdings, the Dinh Vu polyester plant developed by PVTex has been removed from the list of 12 loss-making projects and started stable operations. Dinh Vu polyester plant has made it off the blacklist of the notorious 12 loss-making projects PVTex acquires first sweet fruits On November 16, An Phat Holdings JSC (APH), An Son Textile Fiber JSC, and PVTex organised the launching ceremony of the new AnPoly yarn manufacturing line at Dinh Vu polyester plant, marking the first major achievement of the co-operation between APH, An Son, and PVTex in resuming the operations of the plant. AnPoly yarn is manufactured by a modern manufacturing line imported from G7 countries, thus its quality will meet the strictest requirements of both local and foreign customers. Nguyen Hoang Anh, chairman of the State Capital Management Committee According to the plan, the capacity of AnPoly yarn workshop will reach 400 tonnes per month, and the … [Read more...] about An Phat Holdings takes Dinh Vu polyester plant to new stage
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Nam Dinh Vu deep-water port begins operations
Nam Dinh Vu Port. — VNA/VNS Photo An Dang Singapore’s Gemadept and Sao Do Group put Nam Dinh Vu Port’s first stage into operation in Nam Dinh Vu Industrial Park on May 7. The port is located in the northern city of Hai Phong. This is the seventh port of Gemadept, with a capacity to accommodate vessels weighing up to 40,000 tonnes. The port covers an area of 65ha with a 1,500m wharf, costing a total of VND6 trillion. The second stage of the project is expected to begin in the third quarter of this year. By 2020, it will become the largest deep-water port in Dinh Vu Industrial Park. General Director of Gemadept Vietnam Do Van Minh said the volume of containers handled via Hai Phong ports had grown by 15 per cent annually over the past five years. It is predicted that 100 million tonnes of cargo will be handled via Hai Phong ports this year. "Therefore, the construction of Nam Dinh Vu Port and Lach Huyen international port in Hai Phong will ease pressure on inland … [Read more...] about Nam Dinh Vu deep-water port begins operations
Nam Dinh Vu deep-water port put into use in Hai Phong
Nam Dinh Vu deep-water port (Source: Internet) It is the seventh among Gemadept’s ports which is able to accommodate vessels up to 40,000 tonnes. The port covers an area of 65ha with a 1,500m wharf, costing a total of VND6 trillion. The second stage of the project is expected to begin in the third quarter this year. By 2020, it will become the largest deep-water port in Dinh Vu, Hai Phong. General Director of Gemadept Vietnam Do Van Minh said the volume of containers handled via Hai Phong ports has grown by 15 percent annually over the past five years. It is forecast that 100 million tonnes of cargo will be handled via Hai Phong ports this year. Therefore, the construction of Nam Dinh Vu port and Lach Huyen international port in Hai Phong will ease pressure on inland ports and traffic, and improve the capacity of cargo handling. Director of the Vietnam Maritime Administration Nguyen Xuan Sang said Nam Dinh Vu is the nearest to other ports in Hai Phong with linkage with Hanoi … [Read more...] about Nam Dinh Vu deep-water port put into use in Hai Phong
Dinh La Thang receives 18 year prison sentence in second case
Dinh La Thang has been sentenced to 18 years in jail and to pay back VND600 billion ($26.5 million) at the trial over PetroVietnam's capital contribution to OceanBank. Dinh La Thang and six defendants at the court This afternoon, after ten days of trial and deliberation, the Hanoi People’s Court announced the sentences of Dinh La Thang and six other defendants. The court issued sentences for the charge of “intentionally violating state regulations on economic management and causing serious consequences” (Article 165 of the 1999 Penal Code): Dinh La Thang Former chairman of PetroVietnam 18 years of imprisonment and pay back $26.5 million Nguyen Xuan Son Former deputy general director of PetroVietnam 30 months of imprisonment and pay back VND15 billion ($0.66 million) Ninh Van Quynh Former chief accountant of PetroVietnam 7 years of imprisonment and pay back VND100 billion ($4.4 million) Vu Khanh Truong Former member of Board of … [Read more...] about Dinh La Thang receives 18 year prison sentence in second case
Vu A Dinh scholarship fund mobilizes support in RoK
At the meeting. Photo: Vietnam+ At a meeting with representatives from the Vietnamese community in the Republic of Korea (RoK) on March 10 to mobilize support for the fund, Hoa noted that academic investment for children is crucial, particularly those from ethnic minority groups. Some 5,000 scholarships are presented to the needy every year, helping them overcome difficulties and contribute to society, she added. At the event, Vietnamese Ambassador to the RoK Nguyen Vu Tu underlined the sound relations between Vietnam and the RoK in the past 25 years, particularly cooperation in education and people-to-people exchange. He said that there are 50,000 Vietnamese students studying in the East Asian nation and the figure is expected to rise. Meanwhile, representatives from the Vietnamese organizations in the RoK introduced their activities to support the needy in the homeland and vowed to support the impoverished students. Source: VNA … [Read more...] about Vu A Dinh scholarship fund mobilizes support in RoK