|Kim Biên Market in HCM City’s District 5 specialises in trading chemicals. — Photo news.zing.vn|Viet Nam News
HCM CITY— The HCM City People’s Committee has instructed District 8 authorities to speed up land acquisition and compensation payment to enable the construction of an aromatic substances and chemical trading centre by the beginning of next year.
At a meeting to discuss the project on Tuesday, deputy chairman of the People’s Committee, Trần Vĩnh Tuyến, said 42 households need to receive satisfactory compensation before moving out.
Tuyến also instructed the departments of Industry and Trade and Planning and Investment to begin the tender process this year.
The city authorities have to identify a new investor for the project after Tuần Châu Group, chosen as the investor, failed to go ahead with the work.
When the centre is up and running, Kim Biên Market in District 5, which specialises in trading chemicals, as well as other chemical trading facilities in the city will relocate to it.
This would help authorities easily control food hygiene and safety, Tuyến said.
Incentives would be offered to aromatics and chemical stores and business households to move into the new centre, he said.
In February the city announced the plan to build the 11-hectare centre in District 8’s Ward 7 for selling industrial and medical aromatics and chemicals besides organising research, consultancy, exhibitions and international co-operation. —VNS