Government approves docks for liquid gas imports

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VietNam News English - 38 month(s) ago 4 readings

The Prime Minister's office has approved a project to build a system of gas importation docks worth US$1 billion at Ham Tan District in the central province of Binh Thuan, according to PetroVietnam Gas Company (PV Gas).

HA NOI —

The docks will include a port for ships to load or unload liquid gas and buildings for storing gas.

When completed, the docks will be able to receive about 2-3 million tonnes of imported gas a year.

Project planning will be carried out by PV Gas later this year. Construction is expected to start by 2012.

HA NOI — The privately-owned Air Mekong will open two new routes: Ha Noi to Con Dao on September 6 and Vinh-Buon Me Thuot-HCM City on October 1.

The new routes offer a total of seven flights a week, bringing the airline's domestic routes to 13.

The carrier is also providing passengers from 60 years old with a 15-per-cent fare reduction for Super Flex-class flights on all its domestic routes.

HCM CITY — Around 200 domestic and foreign companies will display their products and services at an exhibition that focuses on equipment used in the healthcare and pharmaceutical industries.

The four-day Viet Nam Medi-Pharm Expo will open next Wednesday at the Tan Binh Exhibition and Convention Centre in HCM City.

Foreign firms from 25 countries and territories including Australia, Bangladesh, Czech, Germany, Hong Kong and India make up half of the exhibitors, according to the organisers.

HCM CITY — The Mekong Housing Bank auctioned an additional 1,000 shares on the HCM City Stock Exchange today to investors denying shares in the bank's IPO. The opening price was retained from the IPO.

HA NOI — The Viet Nam Mechanisation Electrification & Construction Co (MCG) posted a net profit in the first half of only VND12.5 billion (US$606,800), after previously estimated the figure to be VND25.94 billion (about $1.3 million). MCG's audit financial statements showed total earnings of VND688.6 billion ($33.4 million), unchanged from the previous disclosure.

However, earnings from financial operations decreased by VND7.7 billion ($373,800) to VND47.3 billion ($2.3 million) following the audit, while expenses related to these operations increased from about VND47.5 billion to VND57.7 billion ($2.8 million). Gross profit therefore fell from VND35.5 billion ($1.7 million) to VND17.5 billion ($849,500), according to the audited report.

HCM CITY — Bao Minh Insurance (BMI) will transfer US$10.2 million from the Bao Minh-CMG joint venture to the Central Enterprise Arrangement Support Fund. BMI had transfered the funds to the State Capital Investment Corporation (SCIC). However, the Government requested the change since the valuation of State investment in BMI had not included the joint venture. BMI is also consulting with the Ministry of Finance regarding the amount of tax due on the capital transfer.

GIA LAI — Construction company Song Da 505 (S55) has set August 31 as the ex-date and September 5 as the deadline for registration for its dividend payout. Dividends will be paid in cash on September 20 at 25 per cent of face value, or VND2,500 per share. — VNS

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