Business

Binh Phuoc ethanol plant to resume operation

The National Oil and Gas Group (PetroVietnam) said it is coordinating with relevant partners to prepare for the resumption of Binh Phuoc Ethanol Plant in the southern province of Binh Phuoc.
Binh Phuoc ethanol plant to resume operation ảnh 1A corner of Binh Phuoc Ethanol Plant (Source: PetroVietnam)

Hanoi (VNA) - The National Oil and Gas Group (PetroVietnam) said it iscoordinating with relevant partners to prepare for the resumption of Binh Phuoc EthanolPlant in the southern province of Binh Phuoc.

According to Bui Ngoc Duong, who is in charge of PetroVietnam’s Gas & Oiland Gas Processing Department, shareholders - Toyo Thai New Energy, PetroVietnamOil Corporation (PVOIL), and Licogi 16 Joint Stock Company (Licogi 16) - havecontributed the lacked capital to prepare for the re-opening of the plant.

In addition, the joint-venture contractor VSP-Licogi 16 has completed the maintenanceand repair in the first stage, making it ready for resumption.

Regarding the recruitment and training of human resources, the project’sinvestor - the Orient Bio-Fuels (OBF) Co., Ltd. recruited key personnel as wellas carry out training courses to serve the maintenance, repair and operation ofthe plant.

PVOILand OBF also negotiated a contract for product consumption. Accordingly, PVOILwill advance money, which will be used by OBF as floating capital to buy materialsfor production.

The BinhPhuoc EthanolPlant startedits operation in April 2012 and produced over 16,000 cu. of ethanol. The productionwas then stopped because of business losses caused by difficulties in product consumption.

PVOIL - a subsidiary of PetroVietnam, contributed29 percent of the project’s capital, while ToyoThai New Energy’s capital accounted for 49 percent of the total.-VNA

VNA
#National Oil and Gas Group #Binh Phuoc Ethanol Plant #PVOIL #joint-venture contractor VSP-Licogi 16 #resumption #training course #product consumption #Vietnamplus #Vietnam News #Vietnam News Agency Binh Phuoc
Follow VietnamPlus

Related News

Vietnam biofuel market remains modest

Vietnam biofuel market remains modest

Vietnam has great potential in the development of biofuels but the use of this kind of energy remains limited, according to the Vietnam Economic News on April 16.

See more

The Quang Tri coastal road project, spanning nearly 55km, is among key projects with regional connectivity that play an important role in promoting socio-economic development in the central province of Quang Tri. The project is expected to be completed by the end of 2026.(Photo: VNA)

Public investment disbursement slow despite record capital scale

As of February 28, total disbursed capital reached 55.74 trillion VND, equivalent to 5.6% of the plan assigned by the Prime Minister. Of the figure, disbursement of the central budget was estimated at 10.18 trillion VND, or 2.9% of the plan, while that of local budgets totalled 45.56 trillion VND, reaching 7% of the target.

Delegates taste UK food (Photo: VNA)

Taste of UK week promotes British foods in Vietnam

The “Taste of the UK” food week, held for the first time in Ho Chi Minh City from February 26 to March 11, is an opportunity to promote British food products and strengthen their presence in Vietnam, while giving local consumers a chance to experience the diversity of UK cuisine.

A customer purchases E5RON92 bioethanol fuel at a PVOIL gas station on Thai Thinh street, Hanoi (Photo: VNA)

Retail fuel prices rise sharply in March 5 adjustment

According to the Ministry of Industry and Trade, the global fuel market during the latest price adjustment period from February 26 to March 4, 2026 was influenced by several major factors, including the escalating military conflict between the US – Israel coalition and Iran.

Workers at a textile factory in Hanoi (Photo: VNA)

Supporting industries seek fresh growth momentum

Against a backdrop of global uncertainty and supply chain restructuring, the Government has introduced a range of measures aimed at injecting new momentum into domestic manufacturing. New provisions covering workforce training, testing and certification, trade promotion and technology upgrades have been implemented.

Workers package fruits at the factory of Vina T&T Group (Photo: nhandan.vn)

Vietnamese exporters adapt to escalating Middle East conflict

The Ministry of Industry and Trade’s Export-Import Department forecasts upward pressure on global prices for consumer goods, fuel, and crude oil in the coming time. Such hikes could exert indirect but broad negative effects on Vietnam’s overall production and trade, with particular exposure in exports destined for the Middle East.

The MoIT will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. - Illustrative image (Photo: VNA)

Vietnam triggers fuel contingency plan over Middle East crisis

The Ministry of Industry and Trade will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. It will also intensify oversight of key traders’ compliance with their 2026 minimum reserve obligations.

Workers process tra fish for export. (Photo: VNA)

Agro-forestry-fishery exports up over 17% in first two months

Of the total export value in the January–February period, agricultural products accounted for 6.09 billion USD, up 17.1% year-on-year. Seafood exports reached 1.76 billion USD, marking a sharp increase of 23.3%, while forestry products brought in 2.82 billion USD, up 7.4%.

Many private businesses are investing in the service and real estate sectors in Da Nang. (Photo: VNA)

Da Nang augments efforts to attract high-quality investments

Da Nang has consistently implemented business support policies and a selective investment attraction strategy, prioritising high technology, smart city building and sustainable development, thereby strengthening investor confidence and enhancing the city’s competitiveness in the new development phase.

Export activities at the Cai Mep - Thi Vai port cluster (Photo: VNA)

Southern region opens wide to new wave of US investment

Since 2025, US enterprises have increasingly explored investment opportunities across provinces in the Southern Key Economic Region. Ho Chi Minh City has emerged as a leading destination, highlighted by multiple cooperation agreements concluded in late 2025.

Visitors explore Vietnamese furniture products at HawaExpo 2026. (Photo: VNA)

Ho Chi Minh City’s HawaExpo 2026 triples in scale

Held under the theme “Gateway to Vietnam Furniture Prowess” and featuring more than 2,500 booths, the four-day event is expected to serve as a gateway to exploring the genuine capabilities of Vietnam’s wood and furniture industry, as well as a strategic trading hub for international markets.