Largest commercial complex under construction
The Hanoi Savico Joint-stock Company expects its plaza project covering 60,000 sq.m. would be put into operation by late 2011, becoming the largest of its kind so far in Vietnam.
The Savico Plaza Hanoi, construction of which started on June 26 in Hanoi ’s Long Bien district, has been designed to consist of a hypermarket, European and Asian food restaurants, fast food courts, cafes, entertainment spaces and cinemas.
More eight projects in Ninh Binh province licensed
Eight projects with a total capital of VND 700 billion have been licensed to invest in the industrial zones in Ninh Binh province in the past six months, announced Ninh Binh’s Department of Planning and Investment.
Out of these investments, the foreign direct investment (FDI) accounts for US$30 million. The amount is invested in such fields as: technology, cement, metal, footwears, textiles and others. These projects are being deployed so as to have them put into operation soon.
Contract for providing gas compressor module signed
The signing ceremony on providing gas compressor module to the project of collecting gas from the Mo Rong and Doi Moi oil fields was opened at the headquarters of Vietsovpetro in Vung Tau city, Ba Ria-Vung Tau province on June 29.
The project, with a total investment capital of US$42.4 million, is under the contract between the Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) and Global Process Systems Company (Singarpore).
The gas collection project is one of the most important projects of Vietsovpetro and scheduled to be executed in 14 months. The project will help to collect gas during the oil exploitation process as well as avoid letting gas flare away in order to protect the ecological environment.
Gas worth thousands of US dollars has flared away. So, the urgent deployment on the gas collection project is a matter of great importance especially when the volume of exploited gas has been declining.
Bumper crop of winter-spring rice
The country has finished harvesting the 2009 winter-spring rice with an output of 18.6 million tonnes, up 312,000 tonnes compared to the last crop, according to the Ministry of Agriculture and Rural Development. 
The average yield was also increased by 0.1 quintal a hectare to 60.9 quintals a hectare.
In the northern provinces, thanks to the favourable weather conditions, the natural water source is enough for the cultivation of 1.15 million hectares of winter-spring rice. The output is estimated to reach 6.8 million hectares, up 120,000 tonnes over the previous crop.
In the southern provinces, farmers also has a bumper rice crop due to the favourable climatic conditions along with many effective measures on controlling diseases and expanding cultivated areas. Because of the increasing cultivated area, the output of the Cuu Long river delta also went up by 23,000 tonnes to 9.8 million tonnes against the previous crop.
The Ministry of Agriculture and Rural Development also asked the southern provinces to sow rice seeds for the summer and autumn-winter rice crop in combination with encouraging farmers to expand cultivated area and increase the number of crops per year.
Japan-Vietnam alliance to advise high-speed railway project
An alliance between a Japanese and a Vietnamese consultancy firm has been chosen to study the feasibility of a high-speed railway project to link Hanoi and Ho Chi Minh City.
State-run Vietnam Railways, the investor, has tasked Japan’s Tonichi Engineering Consultants Inc. and Hanoi-based Railway Construction and Investment Consultant JSC consulting firms to assess the US$33 billion railway plan in one month.
The 1,630-kilometer high-speed railway will be built with aid from Japan.
A section of the route between Hanoi and Vinh, a town in the central province of Nghe An, as well as a section between HCMC and Nha Trang in the south-central province of Khanh Hoa, are expected to become operational in 2020. The whole line is scheduled for completion in 2035.
After analyzing three of the world’s most advanced high-speed railways – Japan’s Shinkansen, France’s TGV and Germany’s ICE – the project manager Vietnam-Japan Consulting Joint Venture suggested the use of the Shinkansen “bullet-train” model.
The track, with a wider gauge of 1.45 meters, will reduce the train journey between Hanoi and HCMC to less than 10 hours from more than 30 hours now with speeds of up to 360 kilometers per hour.
The country's north-south trains now travel 1,726 kilometers between the two cities on a single track with a narrow 1m gauge.
VietNamNet/VNA, TN, ND
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