Phu Quoc island invests in six power works

The Southern Power Corporation of the Electricity of Vietnam (EVN SPC) is investing in building six new power works in Phu Quoc island district of the Mekong Delta province of Kien Giang.
Phu Quoc island invests in six power works ảnh 1The Southern Power Corporation of the Electricity of Vietnam (EVN SPC) is investing in building six new power works in Phu Quoc island district of the Mekong Delta province of Kien Giang (Photo: VNA)

KienGiang (VNA) - The Southern PowerCorporation of the Electricity of Vietnam (EVN SPC) is investing in building sixnew power works in Phu Quoc island district of the Mekong Delta province ofKien Giang.

With total investment worth 3.3 trillion VND (143.7 million USD),those projects are designed to ensure constant and stable electricity supplyfor the island’s socio-economic development.

They include two 110kV transformer stations of South Phu Quocand North Phu Quoc, which is being built at a cost of 61.2 billion VND and 71billion VND, respectively.

Some 156 billion VND has been spent on a 110 kV Phu Quocswitching station, while the remaining has been allocated for construction oftwo 110 kV power lines and a 220 kV line connecting Kien Binh commune of KienLuong district with Phu Quoc.

Director of the SPC Project Management Board Vo Quoc Tuan saidthe 110kV power works are expected to become operational within this year.

Chairman of the provincial People’s Committee Pham Vu Hong hasinstructed Phu Quoc authorities and the SPC to step up communications to helplocal residents understand benefits of the power works and devise suitablecompensation and land clearance plans.

Kien Giang aims to mobilise 9.5 billion USD for socio-economicdevelopment by 2020 and 45 billion USD by 2030.

The adjusted target was recently approved by the Prime Ministeras part of a master plan to 2020 and towards 2030 for the province.

The province targets becoming a well-developed locality and atransportation and tourism service destination in the Mekong Delta, and adevelopment hub of the southern key economic region.

It aims for an average Gross Regional Domestic Product (GRDP) of7.5-8 percent per year by 2020.-VNA

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.