Prime Minister receives leaders of Long Son Petrochemical Complex investor

Prime Minister Pham Minh Chinh received Mr. Thammasak Sethaudom - Chairman and General Director of SCG Group (December 2, in Ba Ria - Vung Tau province). Photo: VGP.

SCG is a leading industrial group in ASEAN, operating in the fields of cement, construction materials, packaging production, and petrochemical products. Currently, SCG has 27 member companies in Vietnam, with 15,500 employees, and a total investment of more than 7 billion USD.

In particular, the Long Son Petrochemical Complex project (in Long Son commune, Vung Tau city, Ba Ria - Vung Tau province) has a total investment of about 5.156 billion USD; the design capacity is 1.4 million tons of petrochemical products. The project has completed construction and is now in operation. At the meeting, SCG leaders reported on the status of the Long Son Petrochemical Complex project and the investment expansion plan. They made many specific recommendations and proposals, including attracting the world's leading technology partners to invest together.

Prime Minister Pham Minh Chinh highly appreciated SCG's efforts, determination and results in the process of implementing investment and business activities in Vietnam. He requested SCG to continue promoting its business results and expanding cooperation and investment, aiming for new and higher goals in the coming time.

Affirming that the Vietnamese Government is very interested in the Long Son Petrochemical Complex, the Prime Minister said: Immediately after receiving information about difficulties and obstacles in investment and production at this project, he assigned Deputy Prime Minister Tran Hong Ha to immediately work with Ba Ria - Vung Tau province to direct relevant agencies to urgently handle the recommendations to restructure the Complex for effective operation.

Regarding the proposal related to guiding procedures for the Long Son Petrochemical Complex project to attract the world's leading technology partners to participate in the joint venture, the Prime Minister assigned the Ministry of Planning and Investment to preside over and coordinate with local authorities and relevant agencies to urgently study and guide the necessary procedures, ensuring compliance with regulations. (Promptly report to the Government for consideration and resolution of issues beyond their authority).

The Prime Minister affirmed that the Government, ministries, agencies, and Ba Ria - Vung Tau province are committed to continuing to accompany and create favorable conditions for SCG projects to invest in effective business and develop sustainably in Vietnam with the viewpoint of "harmonized benefits and shared risks"./.