Business

Nghi Son refinery welcomes first commercial product

Nghi Son Refinery and Petrochemicals LLC (NSRP) on May 1 launched the first shipment of commercial product, gasoline RON 92.
Nghi Son refinery welcomes first commercial product ảnh 1Nghi Son Refinery and Petrochemicals LLC is located in Nghi Son Economic Zone of central Thanh Hoa province (Photo: VNA)

Thanh Hoa (VNA) – NghiSon Refinery and Petrochemicals LLC (NSRP) on May 1 launched the first shipmentof commercial product, gasoline RON 92.

The product will be sold to commercial partnersto serve the Vietnamese market. The next two refined and petrochemical productsare scheduled to be launched on May 13.

The Nghi Son factory, based in Nghi Son EconomicZone in central Thanh Hoa province, has total investment of nearly 9.3 billionUSD. It is sponsored by the Vietnam Oil and Gas Group, the Kuwait PetroleumInternational, and the Idemitsu Kosan Co. Ltd and Mitsui Chemicals Inc. ofJapan.

The construction of NSRP – the second refineryin Vietnam - began in October 2013 and finished in April 2017.

In the first phase, the refinery is set toprocess 200,000 crude oil barrels per day, equivalent to 10 million tonnes ofcrude oil each year, almost doubling the capacity of the country’s firstrefinery – Dung Quat in central Quang Ngai province.

Kuwait is the supplier of all crude oil for theproject, whose products include liquefied petroleum gas, gasoline A92 and A95,diesel, kerosene, jet fuel, paraxylene, benzene, polypropylene, and sulphur.

Products of the plant are expected to meet 40percent of domestic gasoline and oil demand.

NSRP Chief Executive Officer Turki Al-Ajmi saidthe success of the project demonstrated the attractive investment climate ofThanh Hoa and the province’s ability to meet strict requirements of world-classprojects.

The operations of the Nghi Son refinery in 2018are expected to contribute more than 8 percentage points to Thanh Hoa’seconomic growth, attract investment in industry and services, especially thesupporting industry for oil refining and petrochemistry, and help ensurenational energy security.-VNA
VNA
#Nghi Son Refinery and Petrochemicals LLC #Nghi Son refinery #Nghi Son Economic Zone #Thanh Hoa province #petrochemistry #energy security #updated Vietnam news #Vietnamplus #Vietnam News Agency Thanh Hoa
Follow VietnamPlus

Related News

Thanh Hoa hands over expanded site for Nghi Son refinery plant

Thanh Hoa hands over expanded site for Nghi Son refinery plant

The People’s Committee of the north central province of Thanh Hoa has handed over an expanded site in the Nghi Son Economic Zone and local industrial parks for the implementation of the Nghi Son Oil Refinery and Petrochemical (NSRP) complex.

See more

An Phát Complex Industrial Park in Hai Phong City is one of the eco-friendly industrial parks. (Photo: VNA)

Green industrial parks become new magnet for FDI

Statistics show that about 80% of FDI enterprises prioritise investing in industrial parks with green energy infrastructure, reflecting a growing shift in investment preferences amid tightening global environmental standards.

Wood panel production at the Thuan An Wood JSC in Ho Chi Minh City (Photo: VNA)

Vietnamese businesses ride wave of investment in green manufacturing

Recent developments in private investment show that as confidence in the private sector has grown and is a key driver of economic development, investors are strengthening support for enterprises not only through capital but also management expertise and market connectivity.

Officers and soldiers of Son Tra Border Guard Station, Da Nang City Border Guard Command tell local fishermen about IUU fishing. (Photo: VNA)

Fishing solidarity groups help Vietnam with IUU “yellow card” warning removal

Over the years, coastal authorities in Da Nang have intensified efforts to educate fishermen about regulations, particularly the need to avoid illegal fishing in foreign waters. Local administrations and competent forces have also strengthened vessel registration and inspection procedures, installed vessel monitoring systems and ensured transparent declarations of catches at ports.

Representatives of Central Retail Vietnam and Lotte Plaza Market sign a distribution cooperation agreement at the networking event in Ho Chi Minh City on March 13. (Photo: VNA)

Vietnamese firms step up cooperation with international distribution chains

Connecting Vietnamese businesses with international distribution networks has been a key component of government-led trade promotion programmes for many years, which are designed to help domestic companies place goods directly into global retail systems rather than exporting solely through intermediaries.

Direct Hanoi–Amsterdam flights by Vietnam Airlines to begin on June 16. (Photo: Vietnam Airlines)

Vietnam Airlines to launch direct Hanoi–Amsterdam service on June 16

Under the plan, the Hanoi–Amsterdam route will commence operations on June 16, 2026, with an expected frequency of three return flights per week using modern wide-body Airbus A350 aircraft. This will be the first direct air link between Vietnam and the Netherlands, helping to shorten travel time and enhance connectivity between Vietnam and one of Europe’s key economic, logistics and aviation transit hubs.

Farmers harvest the 2025 Winter–Spring rice crop in An Giang province. (Photo: VNA)

An Giang accelerates export shift to meet green consumption trends

To enhance competitiveness, authorities are assisting businesses in obtaining globally recognised certifications such as GlobalG.A.P., Organic and HACCP, enabling key exports including rice, seafood and clean agricultural products to strengthen their position in global markets, according to Quang Xuan Lua, Director of the An Giang Centre for Trade and Investment Promotion.

Motorcycle riders refill their vehicles at a petrol station in Hanoi (Photo: VNA)

E5 RON92 biofuel price falls in latest adjustment

Since the beginning of this year, domestic fuel prices have undergone 14 adjustments, including five decreases and nine increases for RON95 and six declines and eight hikes for E5 RON92. Meanwhile, diesel price has fallen three times and risen 11 times.

A French customer is tasting Vietnamese lychee. (Photo: VNA)

Vietnamese agricultural products boost global brand recognition

Vietnam aims to achieve about 74 billion USD in agro-forestry-fishery export turnover this year. Expanding value-added products, improving quality standards and strengthening brand building, especially through international supermarket systems, will be key to enhancing the competitiveness and global recognition of Vietnamese agricultural products.

An apartment building developed by BCONS in Binh Duong (Photo: VNA)

Resolution 68 boosts businesses entering market

By the end of 2025, Vietnam had more than one million active enterprises. In the first two months of 2026, about 64,500 enterprises entered or re-entered the market, up 29.4% year-on-year, averaging 32,200 newly established or returning businesses per month.

A Vinh Long official introduces signature local products to Korean guests. (Photo: VNA)

Vinh Long courts Korean investment in key sectors

Vice Chairman of the provincial People’s Committee Nguyen Truc Son vowed to accompany investors and provide them with optimal conditions, while building a transparent and stable business environment to secure long-term engagement from foreign enterprises, particularly those from Daejeon.