Therefore, the fishermen are encouraged to promote production and develop economy, contributing to firmly protecting national sovereignty over sea and islands. The waters of the Truong Sa (Spratly) archipelago are rich in seafood, attracting a large number of fishermen to go fishing. Trawlers often operate at sea at least from a half to three months. They feel safe to work in the waters because of the presence of the country’s law enforcement force. Meanwhile, the fishing logistic service teams and infirmary are always ready to support the fishermen whenever needed. According to Naval Lieutenant Nguyen Van Kien, Head of the fishing logistic service team on Song Tu Tay Island, Flotilla 128, Naval Region 4, in addition to training mission, the team is tasked with supporting fishermen to operate at sea, such as implementing search and rescue missions, repairing trawlers, and providing fresh water to fishermen, among others. The dry lock on Song Tu Tay Island can be home to about 100 … [Read more...] about Fulcrum for fishermen at sea
Where is damen shipyard
Quang Tri attracts investment in logistics
Lao Bao International border gate from the Viet Nam side. — VNA/VNS Photo Quang Tri Province is calling for investment in logistics and accelerating infrastructure constructions at border crossings and seaports, aiming at becoming a centre for product transshipment on the East-West Economic Corridor (EWEC). EWEC connects with two seaports: Cua Viet and My Thuy seaports, and the main South-NorthEast maritime traffic systems. Cua Viet seaport has a capacity of over 1.1 million tonnes of cargo annually. The logistics infrastructure attracts investment through the extension of shipyards, which will be more than 11 hectares and be finished by 2024. My Thuy seaport has a total investment of VND14.200 billion with ten shipyards in 685 hectares. It also has a shipyard to transship goods from Myanmar, Laos, and Northeast Thailand through La Lay international border gate. Moreover, Quang Trinh Province and Sanvannakhet (Laos) cooperate to build Lao Bao-Densavan joint cross-border … [Read more...] about Quang Tri attracts investment in logistics
Some struggling projects start to post profits
Some parts of the phase 2 expansion project of Thai Nguyen Steel Plant - Tisco 2 have become degraded. — VNA/VNS Photo Duong Giang The handling of 12 loss-making projects under the Ministry of Industry and Trade has seen improvements with some starting to earn profits or recovering production after dozens of years in stagnation, according to the Commission for the Management of State Capital at Enterprises (CMSC). Five projects handed over to Vietnam Oil and Gas Group (PVN) and Vietnam National Chemical Group (Vinachem) for handling saw positive changes. One of them, diammonium phosphate (DAP) fertilizer plant No 1 managed to maintain stable operation with aggregated loss wiped out from January 2022 and started to earn profit. DAP 1 earned an after-tax profit of more than VND354.1 billion in 2022, an impressive rise of 83.6 per cent over its annual plan and 85.5 per cent against the same period last year. The Dinh Vu Polyester Fibre Plant, after a prolonged suspension of … [Read more...] about Some struggling projects start to post profits