David Duong wins a US$2.7 bil contract in the US; New wave of Japan’s investment in Vietnam; Poor lack financial services access; Steelmaking group worried about effect of Russian imports; Vietnam posts small trade surplus

 VietNamNet Bridge – The Ministry of Finance (MOF) has unexpectedly agreed to offer attractive investment incentives to the Thai PTT Group, which plans to set up the Nhon Hoi Oil Refinery in Binh Dinh province.

 VietNamNet Bridge – Vietnam continues to sell its high-quality crude oil at high prices and buy crude oil cheaply from other countries for its domestic refinery.

 Thai oil and gas group PTT has asked Viet Nam's south central province of Binh Dinh to reschedule feasibility study reports of a US$27 billion oil refinery plant to July.

 VietNamNet Bridge – The Mekong Delta City of Can Tho’s authorities have demanded that the much-delayed Can Tho oil refinery developer meet its obligations to pay a deposit of VND11 billion ($523,000) to prove its financial ability

 VietNamNet Bridge – Experts have warned that Vietnam may become the place for foreign investors to export backward petrochemical technologies.

 VietNamNet Bridge – Vietnam has been gradually proceeding towards a petrochemical industry comprising of all phases of a production line.

Thureign Augn has been introduced by Thai PTT Group, the investor of the $27 billion Nhon Hoi oil refinery in the central province of Binh Dinh, Vietnam, as a member of Arab royal family, billionaire and a potential investor of the project.

The Chairman of Vietnam Oil and Gas Group (PetroVietnam) said the foreign partners had settle $5 billion for the Nghi Son oil refinery project but the construction will be kicked of in September, instead of July.

VietNamNet Bridge – Experts say they are not quite sure about the feasibility of the Nhon Hoi oil refinery when asked about the prospect of the project.

Ninety percent of the source of income of the Quang Ngai province comes from the Dung Quat Economic Zone which is comprised of an oil refinery. This explains why many other localities in the central region dream of having such refineries.

The Phu Yen provincial authorities have asked relevant ministries to propose the government to apply the zero percent export tariff to the petrochemical and sulphur products to be churned out by the Vung Ro oil refinery.

The northern provinces and coastal localities in the central region -- not the existing big economic zones, now lead the country in terms of the foreign direct investment (FDI) attracted.

Petroleum Authority of Thailand (PTT) has decided to invest nearly US$27 billion in a petrochemical complex project in the south-central province of Binh Dinh.

Vietnamese have not leaped for joy on the mammoth 28.7 billion dollar oil refinery project, because they still keep doubts about the feasibility of the project.

Once all the registered oil refinery projects become operational, the refined oil supply would be double the domestic demand.