Acting Chairman of the Quang Ninh provincial People’s Committee Cao Tuong Huy (R) and General Director of HAECO Group Richard Sell. (Photo: baoquangninh.vn) Quang Ninh (VNS/VNA) - HAECO Electrical Mechanical Group (HAECO), one of the world’s leading aircraft engineering and maintenance service providers, aims to invest in the aviation industry in Quang Ninh province . In a recent meeting with the province's leaders, Richard Sell, General Director of HAECO Group, said he was impressed with the remarkable development of Quang Ninh and revealed intention to conduct research and invest in the province. According to Cao Tuong Huy, Acting Chairman of the provincial People’s Committee, Quang Ninh is home to Van Don airport, but the province's aviation logistics infrastructure is still underdeveloped despite being a prioritised sector. Therefore, Huy suggested a collaboration between HAECO and Sun Group, the investor in the Van Don Airport, to soon deploy the logistics project. … [Read more...] about HAECO eyes aviation investment in Quang Ninh province
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Stavian Quang Yen Petrochemical Plant receives technology transfer licences
Covering an area of 30 hectares in Bac Tien Phong Industrial Park of the northern province of Quang Ninh, the Stavian Quang Yen Petrochemical Plant project has an estimated total investment of up to $1.5 billion. The plant has a production capacity of 600,000 tonnes of polypropylene per year with state-of-the-art copyrighted technologies from Honeywell UOP Company (US) and Basell Poliolefine Italia Company (Italy). This includes propylene production technology from propane using the hydrogen reduction method and polypropylene production technology using Spheripol technology. The plant will be equipped with a high-tech, automated, and eco-friendly production line imported from EU and G7 countries. In addition, they will apply more advanced solutions to optimise water use in production, ensuring energy savings and reducing greenhouse gas emissions. In May 2023, the Front End Engineering Design contractor was unveiled for the Stavian Quang Yen Petrochemical Plant project. As … [Read more...] about Stavian Quang Yen Petrochemical Plant receives technology transfer licences
Typhoon Koinu fast approaching East Vietnam Sea
Typhoon Koinu, carrying winds of 183 kilometers per hour, brought heavy rains to waters northeast of the Philippines’ Luzon Island at 7:00 am on Tuesday before it began its journey toward the East Vietnam Sea, said the national weather center of Vietnam on the same day. Koinu was moving northwest at about 10 kilometers per hour and could be centered in northern Luzon on Wednesday morning, packing intense wind gusts. The storm will likely move west-northwest and head toward the southern coast of Taiwan. It is forecast to enter the northeastern part of the East Vietnam Sea and move along the coast of China’s Guangdong Province on Thursday morning, the National Center for Hydro-Meteorological Forecasting said. The typhoon is expected to unleash increasingly strong winds in the northeast of the East Vietnam Sea starting from Tuesday night. The national steering committee for natural disaster prevention and control on Tuesday told coastal provinces from northern Quang Ninh … [Read more...] about Typhoon Koinu fast approaching East Vietnam Sea
Logistics investors heat up the market
illustration photo/ Photo Le Toan The very first logistics centre from Vietnam-Singapore Industrial Parks (VSIP) is now being constructed in the south-central province of Quang Ngai, and will be completed and put into use by the end of this year. Being built according to Lotus standards of the Vietnam Green Building Council, the 6-hectare Sembcorp Logistics Park will boast three modern single-storey warehouse blocks. Singapore’s Sembcorp Development, a wholly owned subsidiary of Sembcorp Industries, and its state-owned joint venture partner in Vietnam, Becamex IDC Corporation, in August also announced the addition of four new VSIPs. According to Charles Chong, director of Sembcorp in Vietnam, the country has developed strongly in recent years and will continue to be an important manufacturing country in the Asian region. “With the positive growth momentum of production activities and investment attraction, along with the government’s infrastructure upgrade plan, the … [Read more...] about Logistics investors heat up the market