Dung Quat refinery set for $1.49 bln expansion to increase output by 16%

Dung Quat refinery set for $1.49 bln expansion to increase output by 16%

Binh Son Refining and Petrochemical JSC (BSR), the operator of Dung Quat oil refinery and a subsidiary of state-owned Petrovietnam, is set to spend VND36,397 billion ($1.49 billion) on expanding the refinery.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

More sitting, retired officials detained for taking bribes linked to Phuc Son Group scandal

More sitting, retired officials detained for taking bribes linked to Phuc Son Group scandal

Le Viet Chu, former Party chief of Quang Ngai province, has been arrested for receiving bribes from a real estate firm that was bidding for an expressway contract in the locality a decade ago.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ngai province chairman detained for accepting bribes

Quang Ngai province chairman detained for accepting bribes

Chairman of Quang Ngai province Dang Van Minh and former Chairman Cao Khoa were detained on Friday for allegedly receiving bribes.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s first oil refinery prepares for fifth, most comprehensive maintenance

Vietnam’s first oil refinery prepares for fifth, most comprehensive maintenance

Binh Son Refining and Petrochemical JSC (BSR), operator of Dung Quat, Vietnam’s first oil refinery, will conduct its fifth general maintenance from March 15 to May 1, or 48 days.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

German gas producer to invest $133 mln in Vietnam’s Quang Ngai province

German gas producer to invest $133 mln in Vietnam’s Quang Ngai province

German industrial gas producer Messer received an investment certificate for a $133.28 million project in Vietnam’s central province of Quang Ngai on Sunday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

$154 mln second VSIP Industrial Park in Quang Ngai province approved

$154 mln second VSIP Industrial Park in Quang Ngai province approved

Deputy Prime Minister Tran Luu Quang has approved the first phase investment of VSIP II Industrial Park in Dung Quat Economic Zone, Vietnam's central province of Quang Ngai, with an investment of VND3,737 billion ($154 million).

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province to license 4 FDI projects worth $69 mln

Central Vietnam province to license 4 FDI projects worth $69 mln

The central province of Quang Ngai will grant investment certificates later this month to four foreign direct investment (FDI) projects worth $69.3 million and two project expansions worth $10.8 million.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central region sees emerging FDI wave from South Korea

Vietnam central region sees emerging FDI wave from South Korea

An increasing number of South Korean companies are interested in investing in Vietnam’s central region given Vietnam’s move to balance regional development and local government activism, said Kang Boo Sung, consul general of the Northeast Asian country in Danang.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dung Quat set to become green, smart economic zone

Dung Quat set to become green, smart economic zone

The Dung Quat Economic Zone will be developed into a specialized, green, smart and sustainable economic zone, and continue to be the driving force for socio-economic growth in Quang Ngai province and the central key economic region, said a local official.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central province partners with Invest Global to source FDI

Vietnam central province partners with Invest Global to source FDI

The Management Board of Dung Quat Economic Zone and Industrial Parks in Quang Ngai province has signed an MoU with Hanoi-based consultant Invest Global to look for potential large foreign investors.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel producer Hoa Phat to build 2 wharves in central Vietnam port

Steel producer Hoa Phat to build 2 wharves in central Vietnam port

Hoa Phat General Port JSC, a subsidiary of steel giant Hoa Phat, has been given the green light to research, survey, and propose projects to build wharves No. 4 and No. 5 at Dung Quat I Terminal in line with planning, said Quang Ngai province's People’s Committee.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea industrial giant Doosan's Vietnam unit earns $100 mln profit in 2022

Korea industrial giant Doosan's Vietnam unit earns $100 mln profit in 2022

Doosan Enerbility Vietnam Co., Ltd., the Vietnamese unit under South Korean industrial giant Doosan, earned a net profit of KRW129.72 billion ($100.6 million) in 2022, doubling year-on-year, according to Doosan Corporation’s consolidated financial statements.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Realty firm Phat Dat eyes 805-hectare urban, industrial area in central Vietnam

Realty firm Phat Dat eyes 805-hectare urban, industrial area in central Vietnam

Phat Dat Real Estate Development Corporation plans to invest in an 805-hectare service, urban and industrial area within the Dung Quat Economic Zone (EZ) in the central province of Quang Ngai.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ngai province approves $133 mln gas project for Germany's Messer

Quang Ngai province approves $133 mln gas project for Germany's Messer

The industrial zone authority in Quang Ngai has given an in-principle nod to Messer, a German industrial gas producer, to build a $133 million factory in the central province's Dung Quat Economic Zone.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Resort project on Quang Ngai’s golden coast declared 'dead'

Resort project on Quang Ngai’s golden coast declared 'dead'

A VND824 billion ($34.88 million) resort project on My Khe Beach in the central province of Quang Ngai has been scrapped after 13 years of staying idle.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sumida invests $38.5 mln in electronic component plant in central Vietnam

Sumida invests $38.5 mln in electronic component plant in central Vietnam

Sumida Electronic Quang Ngai Co., Ltd., a subsidiary of Japan's Sumida Corporation, opened its expanded factory in Quang Ngai last Friday, raising its total investment in the central province to $38.5 million.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ly Son island set to be given coastal town status

Ly Son island set to be given coastal town status

Ly Son island district in Quang Ngai province, central Vietnam will be granted coastal town status with a 150-hectare airport and a seaport to develop tourism and services, according to a plan until 2045.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ngai province eyes energy, petrochemical center in Dung Quat

Quang Ngai province eyes energy, petrochemical center in Dung Quat

Quang Ngai has proposed the construction of a national petrochemical and energy center within its Dung Quat Economic Zone, during Prime Minister Pham Minh Chinh’s visit to the central province on Sunday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central region’s logistics packs in investors

Central region’s logistics packs in investors

Investments into central Vietnam’s logistics sector have recently become more vigorous as the region is on the way to becoming the next area of development.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sembcorp to develop ready-built warehouses in central province next month

Sembcorp to develop ready-built warehouses in central province next month

Singapore's Sembcorp Industries will commence construction of a 3.5-hectare warehouse facility in Quang Ngai on December 2 as the first of its kind in the central province.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore-Vietnam joint venture plans second industrial park in Quang Ngai

Singapore-Vietnam joint venture plans second industrial park in Quang Ngai

VSIP, a joint venture between Singapore's Sembcorp and Vietnam's Becamex, is planning to develop its second industrial park in Quang Ngai province next year.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ngai to focus on smart urban investment

Quang Ngai to focus on smart urban investment

Quang Ngai is utilizing resources from the budget and businesses to invest in smart urban areas, with a target of developing the central province into a top-tier locality.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

$56 mln Korean-backed industrial park okayed for Quang Ngai

$56 mln Korean-backed industrial park okayed for Quang Ngai

Quang Ngai authorities have granted approval for a South Korean investor to invest in the VND1,298 billion ($55.87 million) Binh Hoa-Binh Phuoc Industrial Park in the central province's Dung Quat Economic Zone.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Son refinery reports all-time high profit after tax

Binh Son refinery reports all-time high profit after tax

Binh Son Refining and Petrochemical Company (BSR), a Petrovietnam subsidiary, recorded a profit after tax of VND6,764 billion ($291.6 million) in the first five months of 2022, 5.2 times higher than its full year target.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Farmer awarded for bringing expressway violators to justice

Farmer awarded for bringing expressway violators to justice

Pham Tan Luc, a 63-year-old farmer, was awarded a certificate of merit by Quang Ngai province’s chairman for reporting wrongdoings in the Danang-Quang Ngai Expressway project.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7