In addition to petrochemical, Long Son is also an ideal location for developing oil refineries

On September 20, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc and the working delegation visited and worked at Long Son Petrochemical Company Limited (LSP - Long Son commune, Ho Chi Minh City).

Reporting to the working group, LSP representative said that the Long Son petrochemical project is the project with the largest investment capital of SCG Group at the present time with a total investment of more than 5.5 billion USD.

During the operation period, the enterprise is implementing additional investment steps to turn LSP petrochemical plant into a green factory, and Long Son into a green industrial zone, towards NetZero in the coming time, said a representative of LSP.

Officially put into operation, the enterprise is expected to contribute more than 150 million USD in taxes, and more than 800 million USD in annual export revenue to the Vietnamese economy. However, during the implementation of the operation, there were still some difficulties and problems...

At the meeting, Mr. Nguyen Van Duoc congratulated the LSP factory on returning to commercial operation. The factory has been invested in a very methodical, modern and impressive manner; creating more than 1,000 jobs for workers in the area...

According to Mr. Nguyen Van Duoc, through a preliminary survey, Long Son is an ideal location not only for investment in the petrochemical industry but also for oil refining. Inviting investors in the oil refining industry alongside the refinery is also a great wish of Ho Chi Minh City; in line with the planning of 3 regions of Ho Chi Minh City, in which the Ba Ria - Vung Tau area was formerly a marine economic zone, with the core being seaports, a free trade economy, including oil refining.

I think Long Son is also an ideal location for a refinery; and is of interest to many potential investors. In the coming time, Ho Chi Minh City and I will launch an investment invitation to investors to invest in a refinery here," Mr. Duoc emphasized.

In the coming time, it is recommended that LSP continue to implement production and business activities as best as possible, expanding investment in production and business to fill the granted area. In addition, if there are areas that need to expand investment not only in Long Son but also throughout the area, Ho Chi Minh City will always support.