PM encourages Thai high-tech investment in large-scale oil refinery project

Prime Minister Pham Minh Chinh has asked Thailand’s Siam Cement Group (SCG) and Amata Vietnam to apply latest technologies in the US$5 billion oil refining and petrochemical project in Vietnam.

PM Pham Minh Chinh receives SCG Chairman and CEO Roongrote Rangsiyopash and Amata Vietnam CEO Somhatai Panichewa in Hanoi on February 16.

PM Pham Minh Chinh receives SCG Chairman and CEO Roongrote Rangsiyopash and Amata Vietnam CEO Somhatai Panichewa in Hanoi on February 16.

Receiving SCG Chairman and CEO Roongrote Rangsiyopash and Amata Vietnam CEO Somhatai Panichewa in Hanoi on February 16, PM Chinh showed his delight at the growing strategic partnership between Vietnam and Thailand across all fields, especially economy, trade and investment.

Thailand has been among the top 10 trade and investment partners of Vietnam for many years, he noted.The Government leader thanked the Thai side as well as SCG and Amata for cooperating with and supporting Vietnam in COVID-19 prevention and control.

He said that in 2021, when Vietnam did not have enough COVID-19 vaccines and treatment drugs for local residents with limited understanding of SARS-CoV-2 variants, the country was forced to use large-scale restriction measures to prevent the spreading of the virus, affecting socio-economic activities.

However, the Vietnamese Government designed various measures to support and remove difficulties facing businesses and minimise negative impacts on production and business activities as well as supply chains, he noted.

PM Chinh said that Vietnam is confident to reopen with flexible and safe adaption to and effective control of the pandemic, heading to fast and sustainable recovery.He lauded the SCG’s efforts to speed up the southern oil refining and petrochemical project in the Long Son industrial park of Ba Ria-Vung Tau province.

He suggested the SCG coordinate with Vietnamese ministries, sectors and localities to ensure that the project is put into operation as scheduled in a safe and effective manner, helping Vietnam reduce the import of petroleum products, ensure supply to local industries, and become one of the exporters of petrochemical products.

The SCG should use the most advanced, green and clean technologies for the project, while assisting Vietnam in improving its governance capacity and attracting green financial resources, he said. At the same time, he suggested the SCG and Amata invest in the Long Son oil and gas industrial park and Long Son Power Centre, while continuing expanding business activities in Vietnam in more sectors, and considering investment in high-tech parks in Vietnam, contributing to encouraging more foreign investors, including those from Thailand, to Vietnam.

Roongrote Rangsiyopash and Somhatai Panichewa spoke highly of the effective directions and management of the Vietnamese Government, which they said help balance the goals of ensuring people’s health and promoting economic development. Thanks to efficient support from the Vietnamese side, SCG has promptly overcome difficulties due to the pandemic and continued to develop its projects in the country, said the SCG leader.

Leaders of the two Thai firms briefed the Vietnamese PM on the progress of the southern oil refining and petrochemical project, which is the largest of its kind that the SCG has invested. Its second phase will be implemented with most advanced technologies following the direction of circular economy, they said, giving a number of proposals on the implementation of projects in Vietnam.

Noting down their proposals, PM Chinh pledged that Vietnam will continue to accompany and create optimal conditions for investors in general as well as SCG and Amata in particular to successfully and effectively operate their business in Vietnam.

VNA

Other News

National Assembly Chairman urges renovation in leadership, working style

National Assembly Chairman urges renovation in leadership, working style

The NA's Committee for Cultural and Social Affairs has moved fast to reshuffle its organisation after the 14th National Party Congress and the election of deputies to the 16th NA, updating its work agenda to match new directives set out in the resolutions of the 14th National Party Congress and the first Congress of the NA Party Organisation for the 2025–2030 term.

Vietnam treasures ties with Croatia: PM

Vietnam treasures ties with Croatia: PM

Vietnam and Croatia should strive to double bilateral trade turnover from the current level of 161 million USD; study the establishment of a Joint Committee on Economic Cooperation to create a long-term, stable, and effective framework for collaboration, said Prime Minister Le Minh Hung.

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Deputy Foreign Minister Nguyen Minh Hang shared Vietnam’s approach to building an independent and self-reliant economy linked to deep international integration, while proposing several key areas for enhanced cooperation between BRICS and partner countries at the Expanded BRICS Foreign Ministers' Meeting that opened on May 14 in India.

Vietnam asks parties to respect its sovereignty over Truong Sa

Vietnam asks parties to respect its sovereignty over Truong Sa

PSNews - The spokesperson stated that the dispatch of personnel by relevant parties to features belonging to Truong Sa without Vietnam’s permission constitutes a violation of Vietnam’s sovereignty under international law. She stressed that such actions run counter to the Declaration on the Conduct of Parties in the East Sea (DOC) as well as ongoing efforts by countries to negotiate a Code of Conduct in the East Sea (COC).

Hanoi to host ASEAN Future Forum 2026 in mid-June

Hanoi to host ASEAN Future Forum 2026 in mid-June

PSNews - Vietnam’s proposals placed the highest priority on ensuring a peaceful and stable environment conducive for continued sustainable development and improving the well-being and happiness of the ASEAN people. They were praised by member states and incorporated into the core contents of the ASEAN Leaders’ Statement on the response to the Middle East crisis.

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam highly values the support of the United Nations Office on Drugs and Crime (UNODC) in strengthening national capacity in crime prevention and criminal justice, drug control, and addressing emerging challenges, particularly cybercrime, said Ambassador Vu Le Thai Hoang.

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Consolidating the central steering committees for institutional and legal reform and for judicial reform is necessary in order to streamline organisational structures without reducing responsibilities, while ensuring clear accountability, measurable outputs and concrete results. Following the restructuring, the body will be renamed the central steering committee for institutional improvement and law enforcement, with the Party General Secretary and State President serving as its head.

Vietnam strives for substantive outcome at NPT review conference

Vietnam strives for substantive outcome at NPT review conference

At the meeting this week, Ambassador Viet briefed the UNGA President on developments during the first two weeks of the conference. He stressed that the current international geopolitical landscape poses numerous complex challenges, while reaffirming Vietnam’s determination, together with other member states, to promote substantive and balanced outcomes at the conference.

Top leader of Vietnam receives Vientiane official in Hanoi

Top leader of Vietnam receives Vientiane official in Hanoi

The host leader stressed that cooperation between localities, particularly between the capitals of Hanoi and Vientiane, plays an especially important role as a pioneering force in effectively implementing the foreign polices of the two Parties and States, while also serving as a bridge between politics and development, as well as between strategy and concrete action.