Dung Quat refinery processes 100 million tonnes of crude oil after 15 years
The Dung Quat Oil Refinery Plant in the central province of Quang Ngai, operated by the Binh Son Refining and Petrochemical Company (BSR), processed more than 100 million tonnes of crude oil and materials after 15 years of operations.
The Dung Quat Oil Refinery Plant in the central province of Quang Ngai. (Photo: VNA)
Quang Ngai (VNA) – The Dung Quat Oil Refinery Plant in the centralprovince of Quang Ngai, operated by the Binh Son Refining and PetrochemicalCompany (BSR), processed more than 100 million tonnes of crude oil andmaterials after 15 years of operations.
The BSC said on January 18 that over the past 15 years, the refinery plant hasoperated safely and stably at up to 110% of its designed capacity, helping to ensure energy security and economic development in thelocality and the nation as a whole.
Since 2009, the plant has gained more than 1.57 quadrillion VND (63.66billion USD) in revenue, contributed around 220 trillion VND to the state budget and earned after-tax profit of 49.2 trillion VND.
According to BSR Chairman Nguyen Van Hoi, the company will continue purchasingmaterials from both domestic and foreign partners, and enhancing the processing soas to increase oil and gas supply for the market.
Last year, the BSR’s output topped 7.35 million tonnes, exceeding 31% of theyearly plan.
In January and February of 2024, the Dung Quat refinery plant plans to producemore than 1 million tonnes of products.
The refinery willbe expanded to raise its capacity to 171,000 barrels per day, up from 148,000,with a total investment of 1.26 billion USD.
Under a decision signed by Deputy Prime Minister Tran Hong Ha, the BSR will provide 503 million USD fromits equity and the remaining from loans.
The company, asubsidiary of state-owned Vietnam Oil and Gas group (Petrovietnam), will set up and put into operationadditional technology workshops for the processing of crude oil with highersulfur content in accordance with the “Euro 5 standard”. The 10.6ha refinerywill be expanded by 41ha, and is scheduled to be finished in the first quarterof 2028.
Vietnam iscurrently home to two operational oil refineries. In addition to Dung Quat, theNghi Son Refinery and Petrochemical LLC located in the north-central province ofThanh Hoa is the country’s latest and largest refinery./.
Over 1.2 billion USD will be poured into a project to upgrade and expand Dung Quat Oil Refinery of Binh Son Refining and Petrochemical JSC (BSR), according to a decision signed by Deputy Prime Minister Tran Hong Ha.
Since the Dung Quat Oil refinery – the first in Vietnam - was put into operation in 2009, it has served as a booster for the Dung Quat Economic Zone and the central province of Quang Ngai as a whole to lure both domestic and foreign investments.
The Dung Quat oil refinery, tasked with helping guarantee national energy security and boost economic growth in the central region, has made substantial contributions to the development of local transport, seaport, and logistics infrastructure.
The Prime Minister on December 22 issued a decision approving an investment policy for the first-stage construction and operation of infrastructure in the Vietnam-Singapore Industrial Park II (VSIP II), located in the Dung Quat Economic Zone, the central province of Quang Ngai.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The Dung Quat Oil Refinery Plant in the central province of Quang Ngai. (Photo: VNA) 
