Expansion of gas & LNG complex in Nghi Son economic zone begins
Anh Phat Investment Construction-Trading JSC kicked off the VND3.94 trillion ($168 million) expansion of its gas & LNG complex in the central province of Thanh Hoa on Sunday.
The project, located in Nghi Son Economic Zone, features a 165,000 sqm bonded warehouse, a port to host ships of up to 30,000 tons, and a wharf to welcome vessels of up to 70,000 tons. It also offers supporting services in oil refining and petrochemicals.
Currently, the facility’s warehouse is 153,000 sqm, while the port can accommodate ships of up to 5,000 tons.
The project aims to upgrade the facilities for supplying gasoline and liquified natural gas (LNG) to Vietnam's northern and north-central regions of Vietnam.
The launching ceremony of the Gas & LNG complex phase 2 in Thanh Hoa province, central Vietnam. Photo courtesy of Thanh Hoa Television.
Nghi Son, a key economic zone in central Vietnam, is home to the Nghi Son Refinery and Petrochemical LLC (NSRP), Nghi Son steel complex, thermal power plants, cement factories, and others.
Nghi Son Refinery and Petrochemical LLC, the largest of its kind in Vietnam, is a $9 billion refinery co-owned by Petrovietnam, Kuwait Petroleum Europe B.V. (KPE), and Japan’s Mitsui Chemical and Idemitsu Kosan Co.
Another operational one, Dung Quat Refinery, is a Petrovietnam subsidiary and has received more than $3 billion in investments.
Thanh Hoa province recorded a gross regional domestic product of 6.21% in the first quarter of this year, driven by the service sector at 10.91%, construction-industry 5.66%, and agriculture-forestry-fisheries 3.22%. Major industrial products include gasoline, diesel oil, sugar, beer, cement & clinker, steel, and electricity.
- Related News
- Read More
The Investor holds seminar on raising investor awareness towards stock market status upgrade
The Investor and its Vietnamese-language sister Nhadautu.vn will host a seminar titled “Raising investor awareness towards stock market status upgrade” in Hanoi today, July 17.
Finance - Thu, July 17, 2025 | 7:25 am GMT+7
Chinese firms seek to develop smart urban areas in Vietnam
Hong Kong-headquartered CCC Infrastructure Co. and Shenzhen-based Hero Group wish to implement real estate projects in Vietnam, including investments in smart urban areas in the northern province of Bac Ninh and the southern province of Tay Ninh.
Real Estate - Wed, July 16, 2025 | 10:25 pm GMT+7
Construction starts on Hoa Nhon Industrial Park in central Vietnam city Danang
Local investor Sai Gon-Da Nang Investment JSC (SDN) has started construction on the Hoa Nhon Industrial Park (IP) which covers 24.75 ha in the central city of Danang.
Companies - Wed, July 16, 2025 | 8:34 pm GMT+7
US starts anti-circumvention probe into aluminum containers imported from Vietnam
The U.S. Department of Commerce (DOC) has initiated anti-circumvention investigations into disposable aluminum containers, pans, trays, and lids imported from Vietnam and Thailand, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.
Companies - Wed, July 16, 2025 | 8:27 pm GMT+7
Vietnamese billionaire-backed VinSpeed raises capital to $573 mln
VinSpeed High-Speed Rail Investment and Development JSC, where Vietnamese billionaire Pham Nhat Vuong holds a controlling stake, has raised its capital from VND6 trillion to VND15 trillion ($573.5 million).
Infrastructure - Wed, July 16, 2025 | 4:33 pm GMT+7
Vietnam's airport operator ACV to issue 1.4 bln shares in record dividend
State-owned Airports Corporation of Vietnam (ACV) plans to issue over 1.4 billion shares as stock dividends at a 64.58% ratio, its all-time high.
Companies - Wed, July 16, 2025 | 3:44 pm GMT+7
Vietnam seeks economic expansion at 8.3-8.5% this year: Prime Minister
Vietnam needs to achieve a GDP growth rate of about 8.3-8.5% this year, creating momentum to reach a double-digit level in the 2026-2030 period, said Prime Minister Pham Minh Chinh.
Economy - Wed, July 16, 2025 | 3:00 pm GMT+7
Vietnam targets $4.5 bln in cashew exports for 2025
Vietnam is aiming to export cashews worth $4.5 billion in 2025, up 2.7% year-on-year, according to the Ministry of Agriculture and Environment. To hit this target, the sector must generate around $2.2 billion in the second half.
Companies - Wed, July 16, 2025 | 1:31 pm GMT+7
Indonesia sees great opportunities to boost exports to Europe
The Indonesian Chamber of Commerce and Industry (Kadin) expressed optimism that the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA) will boost trade between the two sides.
Southeast Asia - Wed, July 16, 2025 | 1:24 pm GMT+7
Malaysia tightens export controls on US-origin AI chips
The Malaysian Ministry of Investment, Trade and Industry (MITI) has announced that all exports, transhipment, and transit of high-performance artificial intelligence (AI) chips originating from the United States will require a Strategic Trade Permit under the Strategic Trade Act 2010 (STA 2010).
Southeast Asia - Wed, July 16, 2025 | 1:21 pm GMT+7
Auto manufacturing project in central Vietnam raises investment by over $810 mln
Vietnamese automaker Kim Long Motor Hue JSC (Kim Long Motor) has received approval from Hue authorities to raise investment in its automotive manufacturing and assembly complex in the central city by VND21.18 trillion ($809.94 million).
Industries - Wed, July 16, 2025 | 12:40 pm GMT+7
State capital at FPT Telecom transferred to Vietnam's Ministry of Public Security
Vietnam's Ministry of Public Security has assumed the role of representing the state ownership at FPT Telecom, after taking over MobiFone in February.
Companies - Wed, July 16, 2025 | 12:12 pm GMT+7
Vietnam's steel giant Hoa Sen surpasses full-year profit target by 29% after 9 months
Hoa Sen Group (HSG), one of Vietnam’s leading steelmakers, reported a net profit of VND647 billion ($24.8 million) for the first nine months of its fiscal year starting October 2024, exceeding its full-year target set under an optimistic scenario by 29%.
Companies - Wed, July 16, 2025 | 8:17 am GMT+7
Northern Vietnam city receives $15.6 bln in pledged investment capital post-merger
Over $15.6 billion in investment capital was committed for the northern port city of Hai Phong on Tuesday, a record high.
Industries - Tue, July 15, 2025 | 11:12 pm GMT+7
Honda cements Vietnam motorbike market dominance with 10% sales growth
Honda Vietnam (HVN) reported a 10% year-on-year increase in motorcycle sales to nearly 2.3 million units in fiscal year 2025, which ended on March 31, according to the company’s annual report.
Companies - Tue, July 15, 2025 | 5:42 pm GMT+7
Foreign investors net buy over $497 mln on Vietnam's stock market from July 1-15
VN-Index, which represents the Ho Chi Minh Stock Exchange, dropped by 9.77 points to 1,460.8 on Tuesday, ending its seven-session gaining streak.
Finance - Tue, July 15, 2025 | 5:13 pm GMT+7
