Southeast Asia’s largest LPG underground storage facility to soon operate
A 1.35 billion USD underground storage facility for liquefied petroleum gas (LPG), the largest of its kind in Southeast Asia with a huge storage capacity of 240,000 tonnes, is expected to soon become operational in the Mekong Delta province of Ba Ria - Vung Tau.
Inside the underground storage facility (Photo: tuoitre.vn)
Hanoi (VNA) – A 1.35 billion USD undergroundstorage facility for liquefied petroleum gas (LPG), the largest of its kind inSoutheast Asia with a huge storage capacity of 240,000 tonnes, is expected to soonbecome operational in the Mekong Delta province of Ba Ria - Vung Tau.
As part of a polypropylene plant project by theKorean-funded Hyosung Vina Chemicals company, the storage cavern has been builtat a depth of between more than 100m to nearly 200m above sea level, with 95percent of its workload completed.
Engineer Pham Thi Hong, an operator of the facility, saidthe facility lies under a layer of hard rock and is designed in an egg-shapedform so that the pressure is distributed evenly. Meanwhile, its other technicalfactors will keep LPG from leaking out, she added.
Wie Chol Ryang, chief operator of the undergroundconstruction, underscored its absolute safety against earthquakes, tsunamis, orvolcanoes.
He said its life span is 50 years, noting that anunderground storage facility costs less than the one built on the ground andoffers better land use efficiency.
In addition to the cavern, to serve the plant, Hyosung Vinahas built 10 gas tanks with a capacity of 4,000 tonnes each, the largest oftheir kind worldwide.
The project also includes a fractionation tower of nearly120m high and 10m in diameter, making it the tallest and largest in the world./.
The growth of liquefied petroleum gas (LPG) consumption is forecast to slow down as LPG prices have tended to increase in 2018, according to the Vietnam Gas Association (VGA).
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.
Inside the underground storage facility (Photo: tuoitre.vn) 
