31 Aug 2012 Intellasia Finance Vietnam - Hong Kong Business ...

BUSINESS
Vietnam finance & business 31 August 2012
Vietnam's PV Oil
Seeks Gasoline
Cargoes for Sep
Delivery
Work starts on final
bridge of Ho Chi
Minh Road
Thousands Of
Containers Stuck At
Mong Cai Border Gate
31/AUG/2012 INTELLASIA | BLOOMBERG
PV Oil Corp. is seeking to buy two gasoline cargoes for September delivery, according
to tender information obtained by Bloomberg News.
The company is a unit of state-owned Vietnam Oil & Gas Group, or PetroVietnam. Details
are as follow:
Product: 92-RON gasoline
Quantity: Two cargoes of 9,000 cubic meters each
(about 56,600 barrels each)
Delivery: September 20 to September25
Ports: Mien Dong, Vungtau and Nhabe, HCM City
Offers due: August 31, 10:30 a.m. local time
Validity: September 4, 12 p.m. local time
http://www.bloomberg.com/news/2012-08-29/vietnam-s-pv-oil-seeks-gasoline-cargoes-for-september-delivery.html
31/AUG/2012 INTELLASIA | SAIGON TIMES DAILY
The Ministry of Transport on Wednesday broke ground for the Nam Can Bridge
project in Nam Can District in the Mekong Delta province of Ca Mau as the final bridge
of the Ho Chi Minh Road project.
With a total length of 3,390 meters, the bridge consists of two approach roads stretching
2,500 meters and costs nearly VND650 billion in investment capital funded by government
bonds sales. It is set for completion after 18 months and will connect districts
Nam Can with Ngoc Hien which is the only district in the delta region without a road
leading to the centre area.
The first phase of the Ho Chi Minh Road project has been completed and has been put
into operation with a length of about 1,350 kilometers running from Hoa Lac in Hanoi
to Tan Canh in the Central Highlands province of Kon Tum. The second phase which
is still under construction starts in Pac Bo in the northern mountainous province of Cao
Bang and ends at Dat Mui in Ca Mau Province.
The Ho Chi Minh Road runs from North to South in parallel with the National Highway
1 with a total length of 3,167 kilometers, running through 28 provinces and cities.
The main route stretches 2,499 kilometers and the western route covers 684 kilometers.
The first phase covering 1,350 kilometers between Hoa Lac and Tan Canh has been put
into use and the second phase is under deployment, with the whole route set to be
open with two lanes in 2015.
When complete, the road alongside the National Highway 1 will be the backbone
cross-country routes linking up seaports, airports and other major infrastructure facilities
nationwide.
http://english.thesaigontimes.vn/Home/business/infrastructure/25332/
31/AUG/2012 INTELLASIA | DTINEWS.VN
Thousands of containers are stuck at Mong Cai Border Gate in the past six months,
awaiting Chinese customs clearance permission.
Guangxi Province authorities said the imports were mainly Vietnamese temporarilyimported
goods for re-export were mostly frozen products that had been illegally
transported. Meanwhile, other products such as wood, seafood and rubber have continued
to get the nod from Chinese customs.
Currently, more than 1,000 containers remained lined up at customs clearance stations
and border gate depots, causing difficulties for around 100 firms because they have
spent millions of VND on preservation costs and depots fees.
Employment has halved at the border gate compared to the 7,000 people working
there prior to March this year.
According to the management board of Mong Cai Border Gate, by early August, total
import-export value via Mong Cai border gate was estimated at USD2.78 million,
down nearly 14 percent compared to the same period of last year. Export value saw a
fall of 50.4 percent and imports 8 percent. Goods which are temporarily imported for
Intellasia 31 August 2012 41 / 46