Construction starts on Vietnam’s first petrochemical complex

The event also saw the presence of Thai Ambassador to Vietnam Manopchai Vonghakdi besides local officials. The 464ha project is invested by the Long Son Petrochemical Co., Ltd., a joint venture between Thailand’s Siam Cement Group (SCG) and the Vietnam National Oil and Gas Group (PetroVietnam), with a total capital of USD 5.4 billion. At the ceremony to start construction on the Long Son Petrochemicals Complex on February 24 in Ba Ria-Vung Tau Once operational in 2022, the complex is expected to have a capacity of 1.6 million tons of olefin per year. According to Chairman of Ba Ria-Vung Tau provincial People’s Committee Nguyen Van Trinh, during construction, the project will create jobs for around 20,000 laborers. Once operational, it is expected to create jobs for over 1,000 technical workers and contribute about USD 60 million per year to the provincial and the state budget. Speaking at the event, PM Nguyen Xuan Phuc said that the start of the project was good news for Vietnam’s petrochemical sector. As this was the initial phase of the project, the investor should exert efforts to ensure the project’s progress and apply advanced technologies in order to ensure absolutely safe operation, he stated. He asked Ba Ria-Vung Tau province to supervise the investor’s compliance to  regulations on protecting the natural and social environments, maintaining locals’ traditional culture, and restoring local natural forests to serve sustainable and long-term development. Given the large number of workers participating in the project’s construction, the Government leader requested the… [Read full story]

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