Work starts on $20m petrol warehouse in Quảng Trị

Delegates attend the warehouse's groundbreaking ceremony. — Photo baodautu.vn

QUẢNG TRỊ — The Việt Lao Petrol Oil Investment JSC started construction of its dockside warehouse, which is expected to cost nearly VNĐ470 billion (US$20.2 million), in the central province of Quảng Trị late last week.

Spanning 16ha in Triệu Phong District, the warehouse has a storage capacity of 200,000cu.m.
It will include a depot, pumping station, a wharf for vessels up to 40,000 tonnes, and a petrol export wharf for vessels weighing 3,000 tonnes.

During the first stage, a petrol warehouse with a storage capacity of 60,000cu.m will be built. More facilities will be constructed and the storage capacity will increase by 140,000cu.m in the second stage till 2035.

The warehouse will supply petrol to the province and other localities in the region, as well as ship petrol to Laos and Thailand.

During the groundbreaking ceremony, Vice Chairman of the provincial People’s Committee Nguyễn Quân Chính said his province would remove any difficulties faced by investors to facilitate the project's implementation. — VNS

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

More regulations needed to promote condotel market development

More detailed regulations were needed to promote a healthy development of the condotel market which had been going off-track for years due to the unclear legal framework, experts have said.

Economy

Ministry asked to save or kill mega train project

Deputy Prime Minister Trịnh Đình Dũng has urged the transport ministry to make a final decision on the fate of a multi-million dollar railway project that was abandoned 15 years ago.

Economy

Ministry works on national strategy on industrial development through 2030

The Ministry of Industry and Trade (MoIT) is drafting the National Strategy on Industrial Development through 2030 with a vision to 2045 to submit to the Government in the next quarter.

Economy

Data should be shared to serve digital economy

Data is considered a core element of Việt Nam's digital economy; however, it is not well shared and connected to serve the country.

Economy

Gia Lai seeks investment into 166 projects

Of the total, 91 projects are in industrial and energy sector; 28 projects in infrastructure development; 16 in sports, culture and tourism; 15 in agro-forestry-fisheries; nine in seafood and agricultural processing and seven in the production of construction materials and consumer goods.

Economy

Residential suburban projects prove alluring to buyers

The western suburbs of HCM City has seen a rise in popularity among real-estate developers in recent years thanks to its natural environment, which mostly still remain untouched and vast areas of undeveloped land, according to industry experts.

Economy

Shares fall on world stocks sinking

Shares tumbled on Friday due to the uneasy global market and worries among investors about the wider spread of Covid-19 virus.

Economy

PropertyGuru Vietnam Property Awards return for 6th year

The sixth edition of the PropertyGuru Vietnam Property Awards was launched in HCM City on February 27.

Economy

Logistics industry problems persist: conference

The logistics industry in Việt Nam, especially HCM City, continues to faces challenges like red tape and traffic congestion near border gates despite progress made in facilitating trade, Đinh Ngọc Thắng, head of the city Department of Customs, told a conference on February 28.