- The private firm has submitted a proposal for construction of the facility to the local government of Ninh Binh province
According to Zawya article published on February 14, 2023, Vietnam's Xuan Thien Group is studying the possibility of building a refinery with an initial capacity of processing 3 million tonnes of crude oil a year in the country's north, the Ministry of Industry and Trade said on Tuesday.
The private firm has submitted a proposal for construction of the facility to the local government of Ninh Binh province, the ministry said in a news release.
Vietnam currently has two oil refineries in operation that meet 70%-80% of the country's fuel needs.
