BUSINESS IN BRIEF 25/7

July 25, 2009

Vietnam joins Advisory Centre on WTO Law;  Chevron, Mitsui, PetroVietnam sign Vietnam gas accord; Lam Dong District to provide new coffee breed to growers; Binh Dinh inaugurates titanium slag plant

Lam Dong Province’s Bao Lam District will have over 3,000 hectares of grafted coffee bushes by next year, according to the district government. 

 

Accordingly, the Bao Lam People’s Committee will provide seedlings – the first-generation (F1) coffee grafted onto the Liberia coffee (coffea excelsa), and send experts to show cultivating techniques to farmers.

 

Nguyen Van Trieu, chairman of the committee, said the grafted coffee is impervious to drought, disease-resistant and yields large beans which ripen evenly. This tree yields 7-8 tons of coffee beans per hectare, two times the output of the current breed, and is a favorite of many farmers, he added.

 

According to Trieu, Bao Lam is the first district to be selected to grow this kind of coffee on a pilot basis.

 

DP World to open terminal in Vietnam in October

  

DP World, the Dubai-based port operator, on Tuesday said it will open a new terminal in Ho Chi Minh City’s Nha Be District in October. 

 

DP World said in a statement the terminal will be located 15 km north of the city and well-placed to serve the city itself, but also the surrounding industrial zone.

 

The terminal will handle cargo that currently moves through several ports on the Saigon River that will likely be closed down in the next several years.

 

DP World owns 49 terminals and 12 developments in 31 countries, making it one of the largest marine terminal operators in the world.

 

Binh Dinh inaugurates titanium slag plant

 

Sai Gon-Quy Nhon Mineral on July 24 held the inauguration ceremony of its large, modern titanium slag plant in the central province of Binh Dinh.

 

The plant cost VND1 trillion (US$57 million) to build and covers ten hectares.

 

With a capacity of 60,000 tons of titanium slag and 30,000 tons of iron by-products a year, it is expected that the plant’s operations will contribute hundreds of billions of dong per year to the State budget.

 

Binh Dinh has three titanium processing plants operating with a capacity of over 100,000 tons of titanium slag and over 50,000 tons of by-products a year.

 

Gas pipeline comes on stream

 

The Su Tu Vang (Yellow Lion) – Su Tu Den (Black Lion) – Rang Dong gas pipeline was officially opened on July 24, said Vietnam Petroleum (PetroVietnam).

 

A view of Bach Ho (White Tiger) offshore oil rig in Ba Ria- Vung Tau Province.The Bach Ho gas field is an important energy resource with a total output of 1.5-2 billion cu.m of gas per year.

The project is part of an integrated gas line project, providing pipeline links from gas fields to the coast, and adding more gas to the Bach Ho Integrated gas project.

 

The gas pipeline system will transfer around 1.25 million cubic meters of gas per day from the Su Tu Den and Su Tu Vang gas fields, as well fields from Cuu Long to Rang Dong and continue onto to Bach Ho (White Tiger) through Rang Dong- Bach Ho gas pipelines.

 

An official from of Petrol Vietnam Gas, which was handed the project by PetroVietnam, said the first gas stream to come in shore in the south-east area was in 1995 and provides gas to Ba Ria Electric Power Plant, with an output of one million cubic meters per day.

 

With its new output, the Vietnam gas industry will provide materials and fuels to produce 50 percent of electric output, 30 percent of the country’s fertilizer needs and over 30 percent of its liquefied gas.

 

VietNamNet/TN, SGGP, VOV

 

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