Nghi Son Refinery and Petrochemical is the largest oil refinery in Vietnam, accounting for 35-40% of the domestic petroleum supply. However, Nghi Son Refinery and Petrochemical Plant is a joint venture between PVN, Kuwait, and Japanese investors. On the Vietnamese business side - PVN only
HCMC – Xuan Thien Group is seeking approval from local authorities to conduct a survey to develop a petrochemical and refinery complex covering around 2,500 hectares in the northern province of Ninh Binh. The petrochemical and refinery complex will be developed in three phases from 2025 to 2040,