Binh Dinh gives ‘ultimatum’ to $22bil. Nhon Hoi refinery

Nguyen Ngoc Toan – Deputy Chief of the Management Board of Nhon Hoi Economic Zone – said local officials had met with Thailand’s PTT Group on the progress of the Nhon Hoi (Victory) petrochemical project. Binh Dinh officials and the investors discussed with representatives of the Vietnam National Petroleum Group (Petrolimex) but they did not reach any agreement. By the end of June, if the investor of the giant Nhon Hoi petrochemical project cannot finalize the investment plan, the authorities of Binh Dinh province will invite other investors or change the project. 

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