Business

Polypropylene plant, LPG storage cavern put into operation in Ba Ria-Vung Tau

Hyosung Vina Chemicals Co., Ltd., a chemicals company invested by the Republic of Korea (RoK), on December 17 put into operation a polypropylene (PP) plant and a liquefied petroleum gas (LPG) storage cavern at the Cai Mep Industrial Park in the south-central province of Ba Ria-Vung Tau.
Polypropylene plant, LPG storage cavern put into operation in Ba Ria-Vung Tau ảnh 1At the inaugural ceremony (Photo: VNA)
Ba Ria-Vung Tau (VNA) - Hyosung VinaChemicals Co., Ltd., a chemicals company invested by the Republic of Korea(RoK), on December 17 put into operation a polypropylene (PP) plant and a liquefiedpetroleum gas (LPG) storage cavern at the Cai Mep Industrial Park in thesouth-central province of Ba Ria-Vung Tau.

The Vietnamese Prime Minister approved in principlethe 1.3 billion USD project in May 2018 whose construction began later the sameyear.

PP will be used to manufacture various containers,drain pipes, medical syringes, and textiles in Vietnam.

Choi Young Gyo, General Director of Hyosung Vina, saidthe underground LPG storage cavern is the largest of its kind in Southeast Asiawith a total capacity of 240,000 tonnes.

Once fully operational, the complex will churn out650,000 tonnes of PP each year, of which, 300,000 will be supplied to theVietnamese market, helping to raise competitiveness of the domestic productionsector, the company said.

Since its presence in Vietnam in 2007, Hyosung Grouphas invested a total of 3.4 billion USD, with 1,8 billion USD in southern DongNai province, 250 million USD in the central province of Quang Nam, and 1.3billion USD in Ba Ria-Vung Tau.

The project in Ba Ria-Vung Tau is expected to generatejobs for more than 400 labourers./.
VNA
#Hyosung Vina Chemicals Co. #Ltd. #Republic of Korea #LPG #Vietnam #VietnamPlus #Vietnam news Ba Ria - Vung Tau
Follow VietnamPlus

Related News

PV GAS receives first LPG batch from Saudi Aramco

PV GAS receives first LPG batch from Saudi Aramco

The PetroVietnam Gas Trading Company (PV GAS Trading) received a batch of 46,000 tonnes of refrigerated liquefied petroleum gas (LPG) from Saudi Aramco in early June, making it the first direct customer of the Saudi Arabian public petroleum and natural gas company in Vietnam.
PVGAS Trading transports first LPG lot to floating warehouse

PVGAS Trading transports first LPG lot to floating warehouse

PetroVietnam Gas Trading Company (PVGAS Trading), a subsidy of the Petrovietnam Gas Joint Stock Corporation (PV GAS), has successfully transported the first lot of liquefied petroleum gases (LPG) to the floating warehouse at the anchor area in Hai Ha port in the northern province of Thai Binh.

See more

The ceremony unveiling AFT Connect portal (Photo: nhandan.vn)

AFT Connect portal links Vietnamese clean food producers

The platform is expected to serve as shared digital backbone enabling stakeholders in the clean food sector to gradually digitise, standardise, and publicly disclose information, ultimately aiding the fight against unsafe products and protecting consumer interests.

A Vietcombank employee guides a client in biometric process (Photo: qdnd.vn)

Vietnam's biometric surge powers digital banking overhaul

As the Party identified breakthroughs in science – technology and innovation as a key driver of national progress, the mastery and adoption of biometric technologies must go hand in hand with safeguarding public trust, data security, and citizens’ interests, all aligned with the people-first philosophy guiding the country's digital agenda.

A spring fair kicks off in the central Da Nang city on January 22, 2026 (Photo: VNA)

Da Nang 2026 spring fair features 200 booths

The fair features a diverse range of products and services, focusing on items for Tet such as food and beverages, regional specialties, OCOP products, and rural and industrial goods; fashion, footwear, cosmetics, and sports equipment; health care products and beauty services; household items, interior and exterior décor, and handicrafts; as well as equipment, technology, and services in sectors like electronics, automobiles, and telecommunications.

The Ministry of Finance is working to establish a mechanism for regular and ongoing dialogue with international credit rating agencies, including Fitch, Moody’s and S&P. (Illustrative image: VNA)

Fitch Ratings upgrades Vietnam’s senior secured long-term debt rating to BBB-

The rating for Vietnam’s secured long-term debt was raised to BBB-, equivalent to investment grade, one notch higher than the country’s long-term foreign-currency rating on unsecured debt, which remains at BB+. The upgrade followed Fitch’s review under its revised Sovereign Rating Criteria issued in last September, said the Ministry of Finance.

A view of the site where the Ninh Thuan 1 Nuclear Power Plant is located in Phuoc Dinh commune, Khanh Hoa province (Photo: VNA)

Nuclear experts urge century-long commitment at 14th Party Congress

VietNuc’s executive board, including Chairman Bui Nguyen Hoang from the Électricité de France SA (EDF) (EDF), Ung Quoc Hung from Setec Nucléaire Group, and Vu Minh Ngoc from French National Radioactive Waste Management Agency Andra, hoped that the Congress would refine mechanisms and policies to better tap OV nuclear talents.

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.

Delegates perform the opening ceremony. (Photo: VNA)

Thailand Week 2026 opens in Hanoi

The event brings together more than 100 companies, including Thai enterprises and Vietnamese importers, across about 120 booths. It features a wide range of Thai products aligned with consumer trends in Vietnam, including food and beverages, health and beauty, mother-and-baby and pet products, fashion and jewellery, household goods and tourism services.

Illustrative image (Photo: VNA)

Vietnam remains Singapore’s third-largest seafood supplier in 2025

Data released by the Accounting and Corporate Regulatory Authority of Singapore (ACRA) show that Singapore spent 125.5 million SGD (97.7 million USD) importing seafood from Vietnam last year, up 10.7% year on year, accounting for 10.3% of the city-state’s total seafood import market.

Workers assemble mobile phone components at Diem Thuy Industrial Park in the northern province of Thai Nguyen. (Photo: VNA)

Electronics exports surpass 107 billion USD in 2025

With an export turnover of 107.75 billion USD in 2025, computers, electronic products and components not only maintained their position as Vietnam’s largest export by value, but also contributed more than half of the overall increase in the country’s export turnover in 2025.