Petrochemical complex in southern Vietnam on verge of lagging behind schedule

According to Long Son Petrochemicals, the project is entering its final phase, so the application of preferential policies approved for the project is critical. These preferential policies include an import duty exemption applicable to key materials for production for 30 years from the operation date of the project. The Southern Petrochemical Complex project was kicked off in February 2018 in the Long Son Industrial Park in Ba Ria-Vung Tau Province. The Southern Petrochemical Complex project was kicked off in February 2018 in the Long Son Industrial Park in Ba Ria-Vung Tau Province. After five adjustments, Vietnam Oil and Gas Group and Vietnam National Chemical Group withdrew from the project.