VietNamNet Bridge – The HCM 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 centre by the beginning of next year.

Kim Bien Market in HCM City’s District 5 specialises in trading chemicals. — Photo news.zing.vn

At a meeting to discuss the project on Tuesday, deputy chairman of the People’s Committee, Tran Vinh Tuyen, said 42 households need to receive satisfactory compensation before moving out.

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 centre is up and running, Kim Bien Market in District 5, which specialises 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 would be offered to aromatics and chemical stores and business households to move into the new centre, he said.

In February the city announced the plan to build the 11-hectare centre in District 8’s Ward 7 for selling industrial and medical aromatics and chemicals besides organising research, consultancy, exhibitions and international co-operation.

Source: VNS