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BUSINESS IN BRIEF 12/10   2008-10-12 - VNA

Vietnamese tra and basa catfish praised in Spain

 Vietnam’s tra and basa catfish are becoming an “up-to-date” food.

Vietnam’s tra and basa catfish are becoming an “up-to-date” food, said a Spanish newspaper on the occasion of the 10th international fair on frozen seafood products held in Vigo City (Spain).

The two kinds of fish, which are filleted and have no fishy smell, are the food “for the future,” the El Pais newspaper said.

They will become one of the most popular frozen products in Spain in coming years, the paper quoted experts as saying.

The fair, which took place from October 7-10, drew the participation of 646 businesses from 40 countries, including Vietnam.

Project puts underground coal gasification on trial run

The Vietnam Coal-Mineral Industries Group (Vinacomin) is to work with partners from Australia and Japan on trial use of underground coal gasification (UCG) technology in the Red River coal basin.

To this end, Vinacomin signed a 6.5 million USD project with Australia’s Linc Energy Ltd. and the Marubeni Corporation of Japan in Hanoi on Oct. 11.

Of the total investment, Vinacomin contributes up to 60 percent, while the rest is shouldered equally by Linc Energy and Marubeni.

The deal, which goes into effect imediately after the signing, is designed to conduct geological study and UCG at the Tien Dung mine in Khoai Chau district, Hung Yen province, 30 km to the northeast of Hanoi.

Vinacomin chairman Doan Van Kien said if the trial use of UCG technology proves to be successful, it will open up a great prospect for the exploitation of the entire Red River coal basin which is estimated to boast reserves of 20-30 billion tonnes, 5-6 times higher than the northeastern Quang Ninh mine.

The project is scheduled for completion by the end of 2009. The concerned partners are planning to set up a joint venture to use gas bumped out from the targeted mines to produce electricity and diesel once the project yields positive results.

US’s Tube City IMS opens office in Vietnam

Tube City IMS, LLC, a service provider to steel mills and foundries throughout the world, announced on October 10 that it has opened its first representative trading office in Ho Chi Minh City, Vietnam.

J. David Aronson, President - Raw Materials and Optimization Group, said Vietnam is an increasingly important market in the Asia-Pacific region.

The steel industry in Vietnam will continue to grow over the coming years, the official said, adding that the opening of this office in Vietnam, coupled with offices in Beijing (China), Jakarta (Indonesia), and Singapore, provides his company with an excellent platform to serve its customers in the region.

Tube City IMS is a leading provider of outsourced steel services, including raw materials procurement, scrap management, raw materials optimization, slag processing, metal recovery and surface conditioning to integrated steel mills, mini-mills and foundries.

The company, headquartered in Glassport, Pennsylvania, has operations at 75 plants throughout the United States, Canada, Europe, Mexico, the Caribbean, South America and Asia.

A Vuong power plant connects with national grid

The first turbine group of A Vuong hydroelectric plant in central Quang Nam province officially began generating electricity to the national grid at 10.20 a.m., 70 days ahead of schedule.

Construction of the 105-MW turbine group started in August 2003, involving construction companies and machines and equipment suppliers, such as Sumitomo, Melco (Japan), Power Machine (Russia) and MIE (Vietnam).

The second turbine group of A Vuong plant is expected to begin generating electricity in next November.

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