On November 19, Đại Dũng Construction Mechanical Trading Corporation (DDC) and the Bank for Investment and Development of Vietnam (BIDV) signed a comprehensive cooperation agreement for the 2024–2029 period and a green credit contract to fund the Nghi Sơn High-Tech...
Additional resources should be invested to develop the Nghi Sơn Port, located in the northern province of Thanh Hóa, to fully unlock the region’s industrial and economic potential, said the provincial government.
The VNĐ58 trillion (US$2.4 billion) LNG Nghi Sơn thermal power plant project is expected to be implemented for 50 years, with commercial operation slated before 2030.
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.
Nghi Sơn Refinery and Petrochemical LLC (NSRP) announced it has completed 70 per cent of the first major maintenance (turnaround) plan as of September 18, closely following the set critical path.
The joint initiatives between NSRP and BSR encompass resource sharing, expertise exchange, technical and maintenance services, collaboration in raw material and oil product exchange.
Experts said that between mid-April 2022 and now, Viet Nam’s quiet construction situation has directly affected the sales of the building material market. In addition, the country’s cement exports have also plunged to record lows in many years.
Nghi Sơn Refinery and Petrochemical LLC (NSRP) has received a request from the Ministry of Industry and Trade (MoIT) to maintain stable production activities and maximise production to ensure petroleum supply to the domestic market.
Stable cash flow is key to maintaining the Viet Nam’s largest refinery - Nghi Son oil refinery’s production, said Egashira Hideaki, Investment Director of Idemitsu Kosan Company in a media briefing in Ha Noi last week.
The Deputy PM urged ministries to favourable conditions for the plant to operate without any hindrances. He also called on local authorities to support people that have been displaced for the construction of the plant to ensure their livelihoods.