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Update news BSR
Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), asked for tax exemptions to overcome current and future difficulties in the oil industry.
VietNamNet Bridge - After 30 years of doi moi (renovation), the Vietnamese income per capita has increased to nearly $2,400 but that doesn’t satisfy many economists.
The chair of the Vietnam Energy Association, Tran Viet Ngai, said that foreign companies see great development potential for Binh Son Refining and Petrochemical Co Ltd (BSR).
A representative of the Ministry of Finance (MOF) said after the sales of Sabeco and Vinamilk, PetroVietnam, Binh Son Refinery (BSR), PV Power, PV Oil and the subsidiaries of the Vietnam Rubber Group (VRG) will be put on sale in 2018.
VietNamNet Bridge - Seventeen investment funds have shown interest in Dung Quat’s IPO, expected to take place by the end of the year.
VietNamNet Bridge - Binh Son Refining & Petrochemical (BSR) is seeking a $1.26 billion government-guaranteed loan out of the total $1.8 billion needed to upgrade the Dung Quat Oil Refinery.
The Nghi Son Refinery & Petrochemicals Complex with capacity of 10 million tons per annum will open in 2018, changing the supply-demand situation of Vietnam’s petroleum market.