Vinalines fleet keeps growing

Viet Nam National Shipping Lines Corporation (Vinalines) announced they invested US$180 million last year to buy 13 new seagoing cargo ships and one container ship.

Last year's purchases raised the company's total loading capacity by 320,000 tonnes to 2.7 million tonnes, accounting for 45 per cent of the capacity of the entire nation's fleet.

Nguyen Hung Viet, deputy general director of the company said Vinalines this year aimed to raise its capacity by a further 350,000 tonnes to over 3 million tonnes by building and buying more vessels.

The company said, it would carry out the construction of Da Nang's Son Tra Port, Ba Ria-Vung Tau's Cai Mep-Thi Vai Port, HCM City's Sai Gon-Hiep Phuoc Port and Hai Phong's Dinh Vu Port this year.

Tuoi Tre (Youth)

Second aviation fuel supplier opens shop

Petrolimex Jet Fuel Joint Stock Company (PJF), an affiliate of the State-owned Viet Nam National Petroleum Corporation, officially became the second company in Viet Nam to sell jet fuel to local airlines at Tan Son Nhat International Airport on Monday.

Previously Viet Nam Air Petrol Company was the sole supplier.

According to airlines, the PJF's operation is expected to increase competitive capacity and improve the quality of air services at Vietnamese airports.

The PJF also supplies jet fuel to airlines in Cambodia.

Lao Dong (Labour)

HCM City sets up finance investment firm

The HCM City People's Committee has decided to establish a State finance investment firm to help the city mobilise funds, locally and internationally, for key infrastructure projects and support the development of major industries in the city.

The firm will be established by transforming the existing HCM City Investment Fund for Urban Development.

Nguoi Lao Dong (The Labourer)