June 09, 2017 | 21:27 (GMT+7)
Ho Chi Minh City eyes new chemical trade center
The Ho Chi Minh City People’s Committee has instructed District 8 authorities to speed up land acquisition and compensation payment to enable the construction of an aromatic substances and chemical trading center by the beginning of next year.
At a recent meeting to discuss the project, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen said 42 households need to receive satisfactory compensation before moving out.
Kim Bien market in Ho Chi Minh City’s District 5 specializes in trading chemicals. Photo: news.zing.vn
Tuyen also instructed the Departments of Industry and Trade and Planning and Investment to begin the tender process this year.
The city authorities have to identify a new investor for the project after Tuan Chau Group, chosen as the investor, failed to go ahead with the work.
When the center is up and running, Kim Bien Market in District 5, which specializes in trading chemicals, as well as other chemical trading facilities in the city will relocate to it.
This would help authorities easily control food hygiene and safety, Tuyen said.
Incentives will be offered to aromatics and chemical stores and business households to move into the new center, he said.
In February the city announced the plan to build the 11-hectare center in District 8’s Ward 7 for selling industrial and medical aromatics and chemicals besides organizing research, consultancy, exhibitions and international cooperation.
Source: VNA