Although Vietnam initially decided to build only three oil refineries, two are about to be built and others are under construction, while several more are awaiting licenses.
A groundbreaking ceremony was held on September 9 for a US$3.2 billion oil refinery project at Hoa Tan industrial park in the central coastal province of Phu Yen.
A US$3.2 billion oil refinery project of the UK Technostar Management Ltd in Vung Ro is set to get off the ground in central Phu Yen province on September 9.
The Ministry of Finance (MOF) has unexpectedly agreed to offer attractive investment incentives to the Thai PTT Group, which plans to set up the Nhon Hoi Oil Refinery in Binh Dinh province.
Along with projects worth billions of US dollars, such as the Nghi Son, Long Son and Vung Ro oil refineries, work on a series of other large-scale projects for LG and Samsung has begun.
Vung Ro oil refinery project, with nearly US$3.2 billion investment from the UK's Technostar Management Ltd, is expected to begin in August, according to People's Committee of the central coastal Phu Yen Province.
Many large Foreign Direct Investment (FDI) projects in the central coastal region are bringing fresh impetus to local socio-economic development, giving the region a facelift.
Seventy-eight foreign direct investment (FDI) businesses have been presented with Gold Dragon Awards and a hundred domestic enterprises have won the title of strong trademarks.
2013 is a year worth remembering with the discovery of a series of transfer pricing cases in which foreign invested enterprises evaded the tax worth trillions of dong, and the presence of the big guy—Samsung, with the committed...
In 2013, the provinces in the central region attracted 66 foreign-invested projects worth $1.