Sotnmt ba ria vung tau

The project, to be located in Ba Ria – Vung Tau Province, will be developed in two phases, with 70 percent of funding needed in the first, the state-owned company said in a proposal. If approved, this will be the third oil refinery in Vietnam. Vietnam is set to record a shortage of 19.5 million tons of fuel annually from 2030 and 49 million from 2045, Petrovietnam forecast. Domestic consumption is now at 18 million tons a year and will reach 33 million by 2030, but two existing refineries, Dung Quat and Nghi Son, will only be able to produce at most 13.5 million tons by 2025, it said. Vietnam's current fuel reserve is as low as 5-7 days of consumption, which means it must be dependent on imports, it added. As the country has been spending billions of U.S. dollars annually to import fuel, an additional oil refinery and storage complex is necessary, Petrovietnam said. Ba Ria – Vung Tau is suggested because the southern region consumes the most fuel in the nation at 45 percent … [Read more...] about Petrovietnam eyes $18.5 bln refinery

In 2020, chairman Nguyen Van Dat appointed you as CEO of Phat Dat. Taking on this new responsibility, how did you feel back then? Throughout Phat Dat's 16-year history, the chairman and founder exerted his influence on every decision. In such a context, I found myself in a favourable situation thanks to the inherited strategic orientations from the chairman and the determined management team. Besides this, Phat Dat has embarked on an ambitious plan for 2019-2023 to restructure its investment portfolio, targeting billions USD in market cap and exceeding 50 per cent in compound growth rate. Growing up inside the organisation, I am enthusiastic about Phat Dat's development. My new task, which capitalises on the past achievements and simultaneously accompanies the chairman to write Phat Dat's further development, is really challenging. When I received the appointment decision, many thoughts crossed my mind. I immediately told myself that I must live well, grow strongly, and see … [Read more...] about Phat Dat’s strategy to successfully acquire new real estate projects

A view of Nghi Son Petrochemical and Refinery Plant (Photo: baodautu.vn ) Hanoi (VNA) – The Vietnam Oil and Gas Group (Petro vietnam ) has proposed the Government invest in a petrochemical and refinery complex and national oil storage in Long Son oil and gas industrial park in Long Son commune, Vung Tau city in the southern province of Ba Ria-Vung Tau, with a total investment of nearly 19 billion USD in two phases. The complex comprises two parts – a petrochemical and refinery plant project and a project to build a national storage for crude oil and petrol products. In the first phase, the petrochemical and refinery plant will have a capacity of processing 12-13 million tonnes of crude oil per year, along with 0.66 million tonnes of condensate, LPG and Ethane. The output of the plant will be 7-9 million tonnes of petroleum and 2-3 million tonnes of petrochemicals each year. In the second phase, the plant will receive additional investments to increase its output by 3-5 … [Read more...] about PetroVietnam proposes 19-billion-USD petrochemical complex, oil storage project

At the construction site of Wink Hotel in Hai Phong. (Photo: VNA) Hai Phong (VNA) – Indochina Kajima Development Company, a joint venture between Vietnam's Indochina Capital and Japan’s Kajima Corporation , on August 18 began the construction of a Wink Hotel, a revolutionary new hospitality brand, in the northern port city of Hai Phong. The 22-storey building that covers some 16,000 sq.m comprises 203 hotel rooms and 77 service apartments with modern designs. Keisuke Koshijima, Executive Vice President and Representative Director of Kajima, lauded potential of Hai Phong, especially in maritime tourism, saying the hotel, once becomes operational, will contribute to improving the quality of lodging and tourism services in the city. Indochina Kajima had announced a pipeline of 20 hotels within seven years, with the first - Wink Hotel Saigon Centre – inaugurated in Ho Chi Minh City last year, and two others to be put into operation in the fourth quarter of 2022 and the … [Read more...] about Indochina Kajima builds Wink Hotel in Hai Phong city

What you need to know today in Vietnam: Politics -- The Vietnam - India Bilateral Army Exercise (VINBAX) 2022 concluded with a ceremony held at Engineering Brigade 474 in the Indian state of Haryana on Thursday, the Vietnam News Children ride bicycles near social housing blocks in Ho Chi Minh City. Photo: Quang Dinh / Tuoi Tre Agency reported the same day. Society -- Forty-one Vietnamese citizens escaped a casino in Cambodia and swam across a river to flee to Vietnam over overwork and low pay, Colonel Le Tan Hoa, a police chief in An Giang Province, told Tuoi Tre (Youth) newspaper on Thursday. -- A seven-seater car crashed into a household, killing one person and injuring two others, while running in Ca Mau Province, southern Vietnam on Thursday. The driver left the vehicle, seeming to be drunk, eyewitnesses said. -- Ten Vietnamese scientists have been included in six fields ranked by Research.com for their excellence in scientific publishing. … [Read more...] about Breakfast @ Tuoi Tre News – August 19