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BUSINESS IN BRIEF 1/2   2010-02-01 - VietNamNet/VNA, ND

HCM City rakes in over 1.3 bln USD from exports in January

Ho Chi Minh City, the country’s largest commercial hub, grossed over 1.3 billion USD from exports in January, up 8.8 percent from a year ago.

Of the amount, the state-owned economic sector contributed 53.1 percent (up 7.2 percent); the private sector, 20.6 percent (up 13.1 percent) and the foreign-invested sector, 26.2 percent (up 8.6 percent).

The city-based businesses in the month exported 150,000 tonnes of rice, earning 63.3 million USD (up 42.1 percent). In addition, in spite of challenges in the export market, the city grossed 24.3 million USD from aquatic exports, up 6.1 percent.

Economic experts said garment and footwear businesses in the city have secured export contracts since late last year thanks to the world’s economic recovery. However, these businesses are suffering a shortage of workers, especially skilled workers.

Last month, the city’s businesses spent over 1.1 billion USD on imports, up 21.8 percent over the same period last year. Among imports, milk products registered the highest growth with 86.3 percent, followed by steel with 36.4 percent, pharmaceutical products with 33.7 percent and garment materials, 13.2 percent.

The city is taking measures to encourage the production of export-oriented items and expand its export market.

E-customs procedures to be applied for exports

The customs sector plans to apply e-customs procedures on 60 percent of export activities this year.

The Vietnam General Administration of Customs (VGAC) will apply e-customs in three steps.

At the first step, the information and technology and data centre will automatically receive the information. Customs offices will check detailed e-customs producers at the second steps and finally, exports will be check directly.

The plan is expected to reduce time in customs procedures for both the customs sector and export enterprises, according to the VGAC.

Construction of An Khanh Thermo-electric Power Plant starts

The People’s Committee of Thai Nguyen province and the An Khanh Thermo-electric Power Joint Stock Company have started the construction of the An Khanh Thermo-electric Power Plant in An Khanh commune, Dai Tu district, with a capacity of 100 MW.

The VND 2 trillion plant covers an area of 22.7 hectares.

The main source of material for the plant is the assorted coal of poor quality in Thai Nguyen province and the Khanh Hoa coal mine with a total demand of around 420,000 tonnes a year.

It is planned that the plant will have generated electricity by 2012.

Once operational, the plant will create jobs for 400 workers and contribute around VND 100 billion to the State budget every year.

This is the biggest ever project in Thai Nguyen province, with an enterprise in the province as its investor.

Chu river dammed to build Hua Na Hydroelectric Power Plant

The Chu river flow has been dammed to build the Hua Na Hydroelectric Power Plant in Dong Van commune, Que Phong district, Nghe An province.

This is very important to combat floods in 2010 and the Turbine Unit No.1 of the plant is expected to generate electricity in the third quarter of 2012.

The 180 MW plant has a total investment of nearly VND 6 trillion.

Once it is completed, the plant will generate 712.7 million KWh of electricity a year.

Two big works completed

The People’s Committee of Ho Chi Minh City has opened to traffic the north-south road and inaugurated the Sai Gon Central Container Port.

The north-south road, the second phase, 10 kilometres in length, 14.5 metres in width, has three lanes, running from Nguyen Van Linh Avenue in district 7 to the Hiep Phuoc Port in Nha Be district.

There are three bridges named Rach Dia, Phuoc Kieng and Ba Chiem on the road.

The road will be widened to 60 metres for 6 lanes in its third phase.

This is an important road linking district 7 to the Hiep Phuoc Industrial Park in Nha Be district.

The Sai Gon Central Container Port is a modern port built on the western bank of the Soai Rap river in the Hiep Phuoc Industrial Park in Nha Be district.

The port in its first phase has been put into operation since October 2009 with a handling capacity of over 1 million tonnes of cargo a year.

In the next phase from April 2010 to mid-2011, when the port’s passage is dredged to the depth of 12 metres, the port will be able to receive 70,000 tonne ships, raising its handling capacity to 1.5 million tonnes a year.

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