Thai Nguyen province approves $19 mln gas project for Germany’s Messer

By Tri Duc
Wed, July 19, 2023 | 12:39 pm GMT+7

Messer Hai Phong Industrial Gas, a subsidiary of German industrial gas producer Messer, has received an investment certificate for its $19.25 million project in the northern province of Thai Nguyen.

The 4,000-square-meter project is set to enter operation in the third quarter of 2024, providing 9,200 normal cubic meters per hour (Nm3/h) of oxygen, 3,450 Nm3/h of nitrogen, six tons of liquid oxygen per day, and 11 tons of liquid argon per day.

The duration of project, located in Song Cong I Industrial Park, is until August 2049.

The project aims to supply oxygen to steel mills and nitrogen to electronic component producers in the province, according to an environmental impact assessment conducted by the province.

A representative of Messer receives an investment certificate from Thai Nguyen authorities. Photo courtesy of Thai Nguyen newspaper.

A representative of Messer receives an investment certificate from Thai Nguyen authorities. Photo courtesy of Thai Nguyen newspaper.

Messer entered Vietnam in 1997 and now runs three subsidiaries in Hai Phong city in the north and Binh Duong and Binh Phuoc provinces in the south. It has invested over $250 million in Vietnam and currently operates nine facilities with over 400 staff.

In June, the industrial zone authority in Quang Ngai gave an in-principle nod to Messer to build a $133 million factory in the central province's Dung Quat Economic Zone. The project’s designed capacity is 240,000 normal cubic meters of oxygen and nitrogen gas an hour; 400 tons of liquid argon, oxygen and nitrogen a day; and 12.09 normal cubic meters of krypton, xenon and a mix of helium and neon a day.

The company's latest project in Thai Nguyen province is the $43 million Messer Yen Binh factory, inaugurated last year.

In the first six months of this year, Thai Nguyen attracted 15 new foreign direct investment projects with total registered capital of $116.75 million. The province is an industrial hub in the north and home to a Samsung factory. It has attracted 185 valid FDI projects to date with total registered capital of $10.5 billion.

Vietnam’s index of industrial production (IIP) showed signs of a recovery with year-on-year growth of 2.8% in June, but fell 1.2% year-on-year in the first six months of this year, the General Statistics Office (GSO) reported.

Buckling the trend, Thai Nguyen’s IIP grew 4.14% year-on-year in the first six months of this year, including a 3.92% increase in June, according to provincial data. However, the province stressed challenges for the sector, including slow growth of the global economy impacting consumption demand, firms’ limited access to credit, high prices of input materials and energy, and others.

Comments (0)
  • Read More
13th Party Central Committee wraps up 12th plenum

13th Party Central Committee wraps up 12th plenum

The two-day 12th plenary session of the 13th Party Central Committee concluded on July 19 afternoon, fulfilling the agenda set out at the start of the meeting.

Politics - Sat, July 19, 2025 | 5:15 pm GMT+7

Vietnam's property major DIC Corp to offer 150 mln shares to shareholders

Vietnam's property major DIC Corp to offer 150 mln shares to shareholders

Development Investment Construction JSC (DIC Corp), among Vietnam's biggest real etate developers, will offer 150 million shares to shareholders at VND12,000 ($0.46) apiece.

Companies - Sat, July 19, 2025 | 4:38 pm GMT+7

Urgent power transmission project inspected to ensure stable supply for Tan Son Nhat Airport

Urgent power transmission project inspected to ensure stable supply for Tan Son Nhat Airport

A working delegation recently inspected the 220kV Tan Son Nhat-Thuan An transmission line project, which powers the Tan Son Nhat International Airport in Ho Chi Minh City.

Companies - Sat, July 19, 2025 | 4:05 pm GMT+7

Over 86 mln bank accounts in Vietnam to be terminated from September 1

Over 86 mln bank accounts in Vietnam to be terminated from September 1

More than 86 million bank accounts that have not been biometrically authenticated or have been 'frozen' for a long time will be deleted starting September 1 to prevent fraud and cybercrime.

Banking - Sat, July 19, 2025 | 12:02 pm GMT+7

Malaysia boosts investment in green technology, digital transformation

Malaysia boosts investment in green technology, digital transformation

Malaysia is unlocking high-impact investments at the intersection of sustainability and digital transformation, a key priority under the MADANI government’s green growth agenda.

Southeast Asia - Sat, July 19, 2025 | 11:59 am GMT+7

Indonesia expands retail network in Asia to boost exports

Indonesia expands retail network in Asia to boost exports

Indonesia has opened 2,400 retail stores in the Philippines and plans to expand into Malaysia, Bangladesh, and other Asian countries, Indonesian Trade Minister Budi Santoso said on Thursday.

Southeast Asia - Sat, July 19, 2025 | 11:57 am GMT+7

Southeast Asia IPO performance in Jan-June

Southeast Asia IPO performance in Jan-June

The first half of 2025 saw a measured rebound in Southeast Asia’s capital markets, underpinned by stabilizing macroeconomic conditions and renewed momentum in larger IPOs, particularly in Malaysia and Indonesia, write Deloitte analysts.

Consulting - Sat, July 19, 2025 | 11:41 am GMT+7

Vietnam's fund management market must be transparent, sustainable to allure investors: experts

Vietnam's fund management market must be transparent, sustainable to allure investors: experts

To spur the growth of Vietnam’s fund management industry, an open, transparent and fair playing field is needed for all participants, experts said at a seminar hosted by The Investor on Thursday.

Finance - Sat, July 19, 2025 | 9:32 am GMT+7

More data center investment to be poured into Vietnam: Cushman & Wakefield

More data center investment to be poured into Vietnam: Cushman & Wakefield

Vietnam is an ideal destination for data center investment and the country is expected to see further interest from international investors, according to consultancy firm Cushman & Wakefield.

Companies - Sat, July 19, 2025 | 9:00 am GMT+7

Vietnam's Ministry of Science and Technology works with Google to explore digital transformation, AI

Vietnam's Ministry of Science and Technology works with Google to explore digital transformation, AI

The Vietnamese Ministry of Science and Technology (MoST) has been working with Google to explore deeper cooperation in digital transformation, AI, and support for small and medium-sized enterprises (SMEs).

Companies - Sat, July 19, 2025 | 12:01 am GMT+7

Thailand hopes for US tariffs at levels comparable to other regional countries

Thailand hopes for US tariffs at levels comparable to other regional countries

Thai Deputy Prime Minister and Minister of Finance Pichai Chunhavajira on Friday expressed his expectation that the U.S.'s final reciprocal tariff rate imposed on Thailand's exports will align closely with other countries in the region, likely settling at approximately 20%.

Southeast Asia - Fri, July 18, 2025 | 11:53 pm GMT+7

Vietnam's central bank to assess compliance of banks in risk management

Vietnam's central bank to assess compliance of banks in risk management

The State Bank of Vietnam (SBV) will deploy monitoring measures and tools to assess the compliance of commercial banks in implementing requirements related to risk management, especially compliance with Basel III international banking standards, an SBV official said on Wednesday.

Banking - Fri, July 18, 2025 | 11:49 pm GMT+7

Malaysia aims to play key role in implementing ASEAN Power Grid

Malaysia aims to play key role in implementing ASEAN Power Grid

Malaysia is expected to assume a key role in the implementation of the ASEAN Power Grid (APG) starting next year, leveraging its strategic advantages to lead the regional initiative aimed at integrating electricity transmission networks across Southeast Asia.

Southeast Asia - Fri, July 18, 2025 | 11:36 pm GMT+7

Tran Duc Thang assigned to be acting Minister of Agriculture and Environment

Tran Duc Thang assigned to be acting Minister of Agriculture and Environment

Vietnam's Prime Minister Pham Minh Chinh has assigned Tran Duc Thang, a Party Central Committee member and standing Deputy Chief Inspector of the Government, to be acting Minister of Agriculture and Environment, starting from Thursday.

Politics - Fri, July 18, 2025 | 11:28 pm GMT+7

Gasoline vehicle market stalls as consumer sentiment wavers

Gasoline vehicle market stalls as consumer sentiment wavers

While the electric vehicle (EV) market is gaining momentum, dealers of gasoline-powered cars and motorbikes, both new and used, in Hanoi are facing a wave of order cancellations, vehicle returns, and even deposit forfeiting.

Companies - Fri, July 18, 2025 | 7:48 pm GMT+7

E10 fuel rollout marks key step in Vietnam’s green energy transition

E10 fuel rollout marks key step in Vietnam’s green energy transition

From January 1, 2026, all gasoline distributed across Vietnam must contain 10% ethanol, marking a pivotal milestone in the country’s shift toward green energy and its long-term carbon neutrality goals.

Companies - Fri, July 18, 2025 | 7:40 pm GMT+7