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Vietnam’s second $9 billion refinery on track to open in Q3 2017
The 200,000 barrel/day refinery in the central province of Thanh Hoa is expected to meet 40 percent of Vietnam’s oil product demand, PetroVietnam said in a statement May 6 while reporting the ongoing visit to Hanoi by Kuwait’s Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah.
PetroVietnam and Kuwait Petroleum International Ltd (KPI) on Friday signed an agreement regarding their cooperation in the Nghi Son project, PetroVietnam said, without providing any details.
Last month, Japan's Idemitsu Kosan Co. Ltd said it had applied to set up a 50:50 joint venture company with KPI aimed at distributing petroleum products in Vietnam. The new company, which will be called Idemitsu Q8 Petroleum Limited Liability Company, will sell products from the Nghi Son project in Vietnam.
PetroVietnam owns 25.1 percent stake in Nghi Son with KPI and Idemitsu each holding 35.1 percent, and Japanese Mitsui Chemicals 4.7 percent. They began construction of the project in October 2013.
Vietnam’s only 6.5 million ton/year Dung Quat refinery in Quang Ngai central province meets more than 30 percent of the country’s fuel demand.Read on the original site
What will travel firms do to take advantage of ‘Skull Island’ opportunity?
While foreign travel firms are promoting Vietnam through the new film ‘Kong: Skull Island", domestic firms have yet to take action. Just one day after ‘Kong: Skull Island’ hit the screens, foreign travel firms launched tours to Vietnam, where many scenes were filmed. ‘Kong: Skull Island’ director Jordan Vogt-Roberts, who has been appointed Vietnam tourism ambassador, said the world still does not know how beautiful Vietnam is. Just one day after ‘Kong: Skull Island’ hit the screens,… chat_bubble_outline Read More...
Weak supporting industries hold back auto industry
Experts are of the opinion that it is challenging to unlock growth potential of Vietnam’s auto industry due to the underperformance of supporting industries though opportunities abound. Nguyen Thi Xuan Thuy of the Industrial Policy and Strategy Institute (IPSI) said all respondents in the institute’s recent survey said Vietnam should boost the development of the auto sector as it holds huge growth potential and can contribute much to the economy.In developed countries, the auto industry… chat_bubble_outline Read More...
Conte revels in Chelsea's Christmas cheer
London (AFP) - Antonio Conte's first few months as Chelsea manager could hardly have gone any better as his side head into the holiday period six points clear at the Premier League summit.The west London club face Bournemouth at Stamford Bridge on Monday seeking a 12th successive league victory, which would leave them two wins short of equalling Arsenal's all-time top-flight record.After an inconsistent start, Conte has made his mark on the club and while he accepts the extent of Chelsea's… chat_bubble_outline Read More...
S.Korea train derails killing engineer, injuring 8
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Ho Chi Minh City attends tourism trade fair in Japan
Visitors to the fair had a chance to learn more about Ho Chi Minh City, a dynamic, crowded and youthful urban area as well as the economic hub of Vietnam. In addition to beautiful landscapes, the city has a rich traditional culture and history, and is regarded as one of the biggest tourism centres of the country. Director of the Ho Chi Minh City Tourism Promotion Centre Le Truong Hien Hoa said that the event offered an opportunity for the City to connect with member cities of the TPO as well as… chat_bubble_outline Read More...