Major Mekong Delta fuel supplier about to open storage facility
NSH Petro JSC, a major fuel supplier based in Vietnam’s Mekong Delta, is set to inaugurate the first phase of its Soai Rap-Hiep Phuoc fuel storage depot in Tien Giang province on April 30.
NSH Petro's B-04 tank at the Soai Rap-Hiep Phuoc storage depot, Tien Giang province, Mekong Delta, Vietnam. Photo courtesy of NSH Petro.
NSH Petro’s project in the Mekong Delta province got the green light from the General Department of Customs on Tuesday, featuring a 21,400-cubic-meter tank B-01 and 12,000-cubic-meter tank B-04.
Phan Van Quang, deputy CEO of NSH Petro, noted the expansion project was given the nod by provincial authorities after NSH Petro had spent $18 million on shares in Hiep Phuoc Trading and Investment Company Limited. The first-phase expansion upgraded the current 66,800-cubic meter storage facility and installed pipes and a 50,000-ton pontoon port.
The second phase will continue to invest in crude oil storage expansion and a 500,000-ton condensate factory, in line with encouragement from the Ministry of Industry and Trade and Tien Giang authorities.
NSH Petro, based in Chau Thanh district, Hau Giang province, operates in multiple sectors, including oil-gas, petroleum logistics, construction, tourism, restaurants, hotels, rest stop stations, high-tech agriculture, and fisheries.
A fuel storage facility of NSH Petro. Photo courtesy of the firm
As of the end of 2022, the firm’s registered capital had exceeded VND1.26 trillion ($53.63 million) with seven subsidiaries, 27 dependent branches, and three joint ventures.
NSH Petro, listed on the Ho Chi Minh Stock Exchange (HoSE) as PSH, runs over 550 fuel stations, covering nearly all the cities and provinces in the Mekong Delta.
PSH shares inched down 2.31% to VND6,340 ($0.27) on Wednesday.
- Related News
- Read More
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
UPS eyes opportunities in Vietnam's free trade zone, airport projects
Leading global shipping and logistics firm UPS is eyeing business opportunities at the Danang city-based free trade zone and the Long Thanh International Airport in Dong Nai province.
Economy - Tue, July 15, 2025 | 3:58 pm GMT+7
Vietnam PM asks Marubeni to expand investment in gas-fired, offshore wind power
Marubeni should expand its activities in Vietnam in the fields of gas-fired and offshore wind power, export of electricity to ASEAN countries, and development of AI and big data, said Prime Minister Pham Minh Chinh.
Economy - Tue, July 15, 2025 | 12:21 pm GMT+7
Vietnam’s wood pellet industry needs production standardization to meet global demand: experts
Businesses should invest in developing dedicated raw material zones to reduce the Vietnamese wood pellet industry’s reliance on secondary supply sources and ensure compliance with legality and sustainability standards, said an expert.
Economy - Tue, July 15, 2025 | 9:18 am GMT+7
Riding out tariff turbulence, investment funds in Vietnam report strong growth gains
Many equity funds in Vietnam have posted strong growth returns, with gains exceeding 30% since the market’s April 10 trough in 2025, data collected by The Investor shows.
Finance - Tue, July 15, 2025 | 9:00 am GMT+7
Singapore supports businesses, workers amid US tariff pressures
The Singapore Economic Resilience Taskforce (SERT) has announced measures to help Singapore companies adapt to a new U.S. tariff.
Southeast Asia - Mon, July 14, 2025 | 10:11 pm GMT+7
Malaysia makes efforts to minimize US tariff’s impacts
Malaysia’s top export to the U.S. - electronics and electrical products - will face the biggest brunt of a 25% tariff hike that the U.S. has imposed on the country, said head of School of Business under the Monash University Malaysia Prof Nafis Alam.
Southeast Asia - Mon, July 14, 2025 | 10:08 pm GMT+7
Thailand faces $6.14 bln export loss if US tariff is 25-36%: forecast
Thailand could lose up to THB200 billion ($6.14 billion) in export value this year if the U.S. imposes new tariffs ranging from 25-36% on Thai goods, according to a forecast from the University of the Thai Chamber of Commerce (UTCC).
Southeast Asia - Mon, July 14, 2025 | 10:06 pm GMT+7
Southern Vietnam province Tay Ninh okays many high-tech agri projects
Tay Ninh authorities recently granted in-principle approvals to a string of high-tech agricultural projects, paving the way for significant development opportunities in the southern province.
Industries - Mon, July 14, 2025 | 10:00 pm GMT+7
Construction ministry backs $1.95 bln port project in southern Vietnam
Geleximco Group's Cai Mep Ha container and general port project aligns with the national master plan and the master plan for Vietnam’s seaport system, according to the Ministry of Construction.
Infrastructure - Mon, July 14, 2025 | 5:09 pm GMT+7
Electric vehicles in Vietnam: 7 years of development and double-digit growth prospect
The shift toward greener mobility has been underway in Vietnam and the local electric vehicle (EV) market is expected to see double-digit growth thanks to favorable policies, infrastructure development, automakers’ efforts, and a young consumer base.
Economy - Mon, July 14, 2025 | 4:46 pm GMT+7
HCMC apartment prices continue to rise as supply hits 10-year low in H1
The apartment market in former Ho Chi Minh City continued to see rising prices since the total supply in the first six months of 2025 hit the lowest since 2015, according to real estate consultancy firm DKRA.
Real Estate - Mon, July 14, 2025 | 4:03 pm GMT+7
Buyer secures Sunshine Group’s Hanoi shophouse at 15% lower than market price via livestream
A buyer successfully secured a shophouse at property major Sunshine Group’s Noble Palace Tay Thang Long project in Hanoi for VND11 billion ($421,295), VND2.5 billion or 15% below market value, during a bidding livestream on the NobleGo platform held last Friday evening.
Companies - Mon, July 14, 2025 | 1:37 pm GMT+7
Vietnam’s major rice exporter Vinafood 1 tasked with developing mega agri-logistics hub
Vinafood 1, Vietnam's top rice exporter, has been asked to develop an integrated hub for agricultural trade, logistics, warehousing, exports, customs, banking, irradiation, and research and development activities.
Industries - Mon, July 14, 2025 | 12:19 pm GMT+7
