PM okays establishment of company to tap Vung Ang Port

The Prime Minister has agreed in principle the establishment of a joint stock company (JSC) to tap the Vung Ang port in the central province of Ha Tinh.

The PM assigned the provincial People’s Committee to grant licence to the JSC which will comprise of a number of Vietnamese and Lao companies.

He also required the Ministry of Finance to collaborate with the Ministry of Transport and Communications and relevant ministries to assess the value of wharves No. 1 and 2.

The Vietnam-Laos Vung Ang JSC will be responsible for the capital to build the wharves.

Vung Ang port, which was built in 1999 and put into operation in June, 2001, encompasses an industrial zone, an oil refinery and a steel production plant.

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