A vessel carries oil to the Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP). — Photo courtesy of the company

The Nghi Sơn Refinery & Petrochemical Limited Liability Company (NSRP) achieved a net revenue of about US$6.4 billion in 2023 and contributed about $820 million to the State budget.

According to General Director of NSRP So Hasegawa, the company has promoted effective governance and achieved significant progress in transformation initiatives, which helped it earn additional $31 million in 2021 and 2022, and $118 million for 2023. The figure is estimated at $50 million per year in the near future.

NSRP also completed the first comprehensive overhaul of its factory within 47 days and nights, 7 days earlier than planned. The success of the maintenance allowed NSRP to increase the plant's capacity by 117 per cent, resulting in increased product quality and output.

In 2023, NSRP successfully produced nearly 7.6 million tonnes of products of all kinds, meeting the production targets.

The company’s initial restructuring has generated positive results, helping increase its productivity, product quality, and output. — VNS