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Singapore firm to build resort in Hue

Update: March, 30/2008 - 00:00

In Briefs

(31-03-2008)

Singapore 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.

Vinachem 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 April.

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

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