firm to build resort in Hue
Hue – Cattigara One Ltd
of Singapore will invest US$102 million to build the Bai Chuoi-Lang Co luxury
resort on an area of 100 ha in the central province of Thua Thien-Hue, pursuant
to an investment licence received investment last week.
The project will be carried out in two phases, with the first phase costing an
estimate $50 million and being completed in 30 months. The second phase will be
conducted over three years at an expected cost of $52 million.
to make fertiliser in Ninh Binh
NINH BINH — The Viet Nam
National Chemical Corporation (Vinachem) plans to kick-off construction of a
coal-fuelled nitrogenous fertiliser plant in northern province of Ninh Binh in
The plant will produce
560,000 tonnes of fertiliser a year after it begins operations in 2011,
according to Vinachem director general Do Duy Phi.
He said it was expected to
save the nation more than US$90 million in fertiliser imports annually as well
as generating 71.74 million kW of electricity for the national grid a year.
The plant will cost about
$694 million, of which about $250 million will be borrowed from China and the
remainder raised from local sources and Vinachem. — VNS