A large-scaled petrochemical refinery complex project will be implemented in Binh Dinh Province

This project has an estimated investment capital of 22 billion USD, located in 1,400 hectares in Industrial Zone and Nontariff Zone, Nhon Hoi Economic Zone. Recently, People’s Committee of Binh Dinh Province just met with leaders of ministries and central agencies on the implantation of Nhon Hoi Petrochemical Refinery Complex Project (or Victory Project) in the province.

An overview of Nhon Hoi Petrochemical Refinery Complex Project

This is a large-scaled project in Nhon Hoi Economic Zone, with a total estimated investment of 22 billion USD. The project will be invested by PTT Public Company Limited and some other foreign investors. The project will be located in 1,400 hectares in Industrial Zone and Nontariff Zone, Nhon Hoi Economic Zone.

Mr. Ho Quoc Dung, Chairman of Binh Dinh People’s Committee, said that presently infrastructure investors of Industrial Zone and Nontariff Zone in Nhon Hoi Economic Zone had agreed to transfer the sites to PTT. Accordingly, related parties had agreed to identify the expenditure to reimburse infrastructure investors when transfering the sites for the project.

The investor will undertake the overall design to conduct an international tender. If everything goes well, the investor will carry out the leveling and build working offices in late 2015 and early 2016. In late 2016 and early 2017, after the completion of tender, the construction of Petrochemical Refinery Complex Project in Nhon Hoi Economic Zone will be commenced.

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