PVN told to hand over petroleum industrial park

Business News

PVN told to hand over petroleum industrial park

Thursday, October 26,2017

AsemconnectVietnam - The Government Office has again requested the State-owned Vietnam Oil and Gas Group (PVN) to transfer Soai Rap Petroleum Industrial Park in the Mekong Delta province of Tien Giang to the provincial authority due to a long period of poor performance.

Deputy head of the Government Office Nguyen Cao Luc’s official letter calling for the urgent transfer of the petroleum industrial park in Go Cong Dong District came out last week, saying this was the instruction given by Deputy Prime Minister Trinh Dinh Dung.

In 2014, the Government agreed in principle to hand over the project in line with a master plan for developing industrial parks until 2015 with a vision toward 2020.

Nguyen Van Cuong, deputy director of the Tien Giang Investment, Trade and Tourism Promotion Center, told the Daily in July 2016 that the biggest obstacle to the handover process was to determine the value of the project.

He said at the time that the center would hire an independent auditing agency to re-evaluate the project so that the provincial government could develop additional infrastructure for the park.

Speaking to the Daily on Sunday, Nguyen Hieu Le, head of investment at the provincial Department of Planning and Investment, said the evaluation is basically complete but he did not reveal the value.

Meanwhile, Tran Hoang Phong, deputy director of the department, said the department is carrying out handover procedures but the process now rests with PVN.

According to Phong, PVN manages the 285-hectare industrial park but has yet to operate it effectively, leading to a waste of land. Therefore, the province wants to take over the project.

The park is in a prime location suitable for development of the marine economy, and especially the oil and gas industry.

Source: thesaigontimes.vn

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