In the period of 2014 - 2019, 31 projects borrowing capital from the Khanh Hoa Development Investment Fund have been completed and been operating effectively...
Good news from port
The first phase of project on North Van Phong port (in Dam Mon village, Van Thanh commune, Van Ninh district, Khanh Hoa province) is invested by Van Phong Port Co., Ltd., with total capital of more than VND185 billion, including VND86 billion lent from the Khanh Hoa Development Investment Fund. The company has completed construction and officially put into operation the wharf with 50,000 DWT, 250m in length, 30m in width, 1.5 to 2 million tons/year in capacity from May 16, 2019. A representative of Van Phong Port Limited Company shared that, although it has just been put into operation, so far, the port has received 2 foreign vessels calling at the port. Those are Skyfrost which is from Panama, nearly 153m long, 11,862.4DWT in tonnage, carrying 8,721 tons of frozen tunas; and Green World, which is also from Panama, nearly 200m long, 49,673DWT in tonnage, loading 40,000 tons of woodchip for export. The port has also received 10 domestic ships.
Reportedly, the volume of goods registered through the port for 2020 - 2021 has reached about 2.5 to 3 million tons. In which, there will be 2 big customers, including Tan Duc Hai KH Co., Ltd. (exporting woodchip, about 200,000 tons/year) and Dong Bac Corporation (importing and exporting coal, 2 million tons/year). In addition, there will be a number of other goods through the port such as starch, cement, building materials, seafood, fertilizer, stone, equipment, etc. with an estimated volume of about 1 million ton. The port is expected to create jobs for 200 laborers. According the investor, the investment project of Northern Van Phong port in the first phase 1 will build a dock of 50,000DWT, embankment and internal traffic. The second phase will invest a 70,000DWT dock with a warehouse system and traffic links. Total capacity of goods through the port for both phases is designed 7-10 million tons a year.
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Many lent projects going to effects
In the period of 2014 - 2019, 31 projects borrowing capital from the Khanh Hoa Development Investment Fund have been completed and been operating effectively. Hoa Mi Nursery School (Phuoc Hai Ward, Nha Trang City) is an example. The school, invested has VND 38 billion totally, VND 18 billion of which is the loan capital. It is designed to have 15 classrooms with about 400 kids. After 3 years, the number of students and classes has increased year by year. Now, the school has 12 classes with 267 students, and it is expected to reach the design scale soon. The Fund also lent Khanh Hoa Power Joint Stock Company VND19.8 billion to install the second machine at Binh Tan 110kV transformer station with a total investment of nearly VND 30.2 billion. This is an automatically operated transformer station. Currently, it supplies electricity to Phuoc Dong commune, half of Le Hong Phong street, half of Tran Phu street and Vinpearl. The fund lent to Khanh Hoa Water Supply and Sewerage Joint Stock Company nearly VND 24.4 billion to carry out Tri Nguyen island's clean water system (in Vinh Nguyen Ward, Nha Trang City) whose total investment is more than VND40.2billion. Thanks to the project, more than 1,000 households with more than 4,000 people on Tri Nguyen island have clean water to use.
According to Lam Thi Hoang Giang - Deputy Director in charge of Khanh Hoa Development Investment Fund, in the period of 2014 - 2019, the fund mainly gave loans to infrastructure projects, focusing on urgent fields such as electricity, water, schools, social housing, hospitals and a port, so, the lending has achieved socio-economic efficiency. The fund raised VND 340 billion from the World Bank, 10 million Euro (equivalent to VND 269 billion) from the French Development Agency for the lending.
Nam Du
Translated by T.T
