LSP will produce various petrochemical products, including essential plastic resins such as polyethylene (PE) and polypropylene (PP), to serve customers both domestically and internationally.
With a total investment of about US$5.4 billion, the complex has a designed capacity of 1.4 million tonnes of olefin resin per year, aimed at producing a variety of petroleum products.
Rong Viet Securities (VDSC) posted a record loss of VND88.4 billion (US$3.78 million) in the first quarter of 2020 as the company suffered from proprietary trading.
Corporate earnings were forecast to slow in 2020 as the economy became more vulnerable to external factors, data firms and securities businesses forecast.
The revenue mainly came from chemicals business, the company said, adding that over the past nine months, its revenue from sales in Viet Nam stood at VND22.65 trillion ($989 million).
Despite a volatile market that caused stocks to in recent months, the prospects for shares in the three largest Vietnamese petrol retailers remains positive for 2018, according to Viet Capital Securities Corp (VCSC).
SCG has signed loan agreements worth over US$3.2 billion with six banks in its home country, Thailand, to fund construction of Viet Nam’s first fully integrated petrochemical complex, Long Son Petrochemicals Company Limited (LSP).
Thailand-based conglomerate SCG on February 24 broke ground at its flagship project of Long Son Petrochemicals (LSP) at Long Son Commune, Ba Ria – Vung Tau Province, 100km away from HCM City.
Viet Nam National Petroleum Group (Petrolimex) reported total sales of more than VND155.65 trillion (US$6.83 billion) last year, a year-on-year increase of 26 per cent.
Thailand’s SCG Group wants complete stake of Viet Nam Oil and Gas Group (PVN) to own 100 per cent of the Long Son Petrochemicals (LSP) Complex in the southern province of Ba Ria —Vung Tau.