VietNamNet Bridge – Along with projects worth billions of US dollars, such as the Nghi Son, Long Son and Vung Ro oil refineries, work on a series of other large-scale projects for LG and Samsung has begun.
The Manpower Group, for example, started recruiting manpower for the $9 billion petrochemical project in Nghi Son in Thanh Hoa province on June 26.
The first workers hired will begin work in February 2015. The investors are hurrying to start the petrochemical project, which is scheduled for commercial operation in 2017.
The construction of the Nghi Son oil refinery commenced last October after a long period of preparation.
As of May 31, 2014, this project had disbursed $1.6 billion, including $676 million in the first five months of 2014.
In a recent meeting with leaders of Thanh Hoa province, Mr. Kazutoshi Shimmura, General Director of Nghi Son Refinery said the first credit package worth about $600 million was transferred to Vietnam.
“This shows commitment and determination to successfully implement this project of our company and contractors. Currently, we and the contractors are urgently implementing the project. The technical design and equipment manufacturing are being carried out by contractors in Japan and South Korea and they will be transferred to Vietnam in the near future,” he said.
Thanh Hoa authorities have asked the local agencies to remove difficulties to facilitate project implementation.
Similarly, leaders of Ba Ria – Vung Tau province have asked relevant agencies to speed up site clearance for the construction of the $4.5 billion Long Son petrochemical project in the first quarter of 2015.
Despite difficulties after the riots in mid-May, the $9.9 billion Formosa steel complex project in Ha Tinh province is still being implemented.
A few days ago, the chairman of Formosa went to Ha Tinh to check the progress of construction and committed that the group would continue to focus its resources to implement this project.
A source from Ha Tinh province said that the Formosa chair personally confirmed that he would be in Ha Tinh next June to attend the inauguration of the blast furnace No. 1.
Other large-scale projects are also under construction, such as the $1.5 billion project of LG in Hai Phong, the $1.3 billion project of Samsung in Thai Nguyen and the $3.2 billion Vung Ro oil refinery project in Phu Yen.
In particular, the LG project will go into operation this year and the Samsung Electro-Mechanics project will yield the first products this October.
In addition, Samsung Display plans to invest $1 billion in Bac Ninh to build a phone screen factory, which is expected to begin operations in early 2015.