PM meets Thai SCG President and CEO
VGP – Viet Nam ensures a favorable business environment for investors, including ones from Thailand and reduces investment procedures and business conditions as well as expenditures for investors, said PM Nguyen Xuan Phuc at his reception for SCG President and CEO Roongrote Rangsiyopash in Ha Noi on February 26.
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PM Nguyen Xuan Phuc (R) meets SCG President and CEO Roongrote Rangsiyopash in Ha Noi on February 26, 2019 - Photo: VGP/Quang Hieu |
Viet Nam attaches importance to enhancing the strategic partnership with Thailand, asserted the PM, expressing his delight on the strong development of cooperation between the two countries’ businesses.
The PM asked SCG to ensure the progress, efficiency, and environmental protection for the petrochemical complex project in southern Viet Nam, in accordance with the group’s commitments and Vietnamese law.
Rangsiyopash said the group has proactively worked with Vietnam’s relevant agencies to promote the implementation of petrochemical complex project in the south of Viet Nam, which is expected to be operational in 2023.
The Thai group is committed to ensuring the progress of the project, as well as its security, safety, and environmental protection, he affirmed.
The PM highly appreciated the group’s strong determination and stressed the petrochemical industry is an important field for Viet Nam’s economy. He urged the group to complete the project as soon as possible.
In 2018, Thailand’s SCG, one of the leading conglomerates in the ASEAN region, officially kicked off Long Son Petrochemical Complex. Located in the southern province of Ba Ria-Vung Tau, Long Son Petrochemical Complex (LSP) is 71% invested by Thailand’s SCG Group.
The approximately US$5.4-billion project is positioned as Viet Nam’s first integrated petrochemical complex that will produce up to 1.6 million tons of olefins per year.
By Thuy Dung
