Tuesday, March 15, 2022
Monday, February 21, 2022
Vietnam: Binh Son Refining and Petrochemical (BSR) earns profit after tax of 292 million USD in 2021
At the end of 2021, BSR who operates the Dung Quat Oil Refinery located in Central Vietnam reported a profit after tax of VND 6,673 billion (~292 million USD) vs a loss of VND 2,858 billion billion (~125 million USD) in the same period last year.
Dung Quat Oil Refinery |
Vietnam: Biggest Oil Refinery Cuts Down Production, Local Market Suffers Fuel Shortage
Commencing production in 2018, Vietnam’s biggest refinery Nghi Son has suffered an accumulated loss of 61,200 billion VND (~ 2,683 million USD) in its first 3 years of operation. In lack of money to import crude oil, the refinery announced in Jan 2022 to cut down its production capacity to 80% from the peak of 105%.
Nghi Son Oil Refinery and Petrochemical |
Thursday, February 17, 2022
Vietnam: All international regular routes to be resumed as before the epidemic
In order to prepare for the reopening of tourism for international visitors before March 31 under the direction of the Government, the Civil Aviation Administration of Vietnam decided to lift the restriction on operating frequency applied on international routes. Accordingly, all flights to and from Vietnam shall be soon back to normal as before the Covid-19 pandemic.
Wednesday, January 13, 2021
The changes in Vietnam's regulations on Work Permit for foreign labours
Foreign labours working in Vietnam are increasing rapidly, from 12,602 people in 2004 to nearly 84,000 in 2019. The regulations of the country on Work Permit (WP) have been changed over time to both simplize the procedures and tackle the "illegal" working in Vietnam by some foreigners. This article shall illustrate on how the regulations on WP have been modified from 2013 to 2020.

Thursday, June 30, 2016
The cause of mass fish deaths in Central Vietnam: what mistrust is being built?
In an international press conference hold by the Government
Office of Vietnam on 30th June 2016, the government representatives
announced that Hung Nghiep Formosa Ha Tinh Steel Co. Ltd (“FHS”) running a 10.6 USD steel complex in North
Central Vietnm admitted their charges in the mass fish deaths across the four
central coastal provinces of Vietnam.
Such an announcement was proven by a
brief video shown at the conference, in which President
of the FHS said that “the test runs as well as test results from
the research and analysis of the inter-disciplinary inspection team under the
direction of the Ministry of Natural Resources and Environment which includes
Vietnamese and international scientists have all come to conclusion that
incidents within the operation of our factory have caused the environmental
incident that led to the recent mass deaths of fish off the coast of Viet Nam’s
four central provinces.”
![]() |
Formosa Ha Tinh representatives offer apology for the toxic fish death incident in Vietnam. Source VNExpress |
Thursday, September 3, 2015
Dung Quat refinery’s expansion project: Amec Foster Wheeler wins FEED contract
Front-End Engineering Design (FEED) Contract worth of USD 25.6
million was inked on 28th August 2015 between representatives of Binh Son Oil Refinery and Petrochemical
Company (BSR - the operator of Dungquat refinery - a subsidiary of Vietnam Oil and Gas Group)
and English-based Amec Foster Wheeler
Energy Company Limited for the upgrade
and expansion of Dung Quat oil refinery based in Quang Ngai Province.
Tuesday, May 12, 2015
Vietnam intends to closely supervise FDI projects’ progress
A draft
version for a new decree intended to replace the current Decree on
supervising and evaluating investment (No. 113/2009/ND-CP) has been publicized
by Vietnam Ministry of Planning and Investment to obtain public opinions. What’s
new in the draft? The intended new decree shall not only govern state-owned
investment as previously but also cover the FDI and PPP sectors also. If
approved and passed, the new decree would be an import legal instrument that
foreign investors in Vietnam shall have to pay attention to.
Monday, April 27, 2015
Dung Quat Refinery: the ball of oil rolls on the field of tax and tariffs
Vietnam Ministry of Finance has promulgate Circular No.
48/2015/TT-BTC to reduce the MFN import tariffs on some petroleum products,
releasing the high-raised concerns by Binh Son Oil Refinery and Petroleum
Company (BSR) over the possible profit loss and even business closure facing
the Dungquat refinery.
Tuesday, February 10, 2015
What's new in Vietnam's Law on Enterprises 2014
The new Law on Enterprises (2014) was passed by the National
Assembly in November 2014 and shall be effective as of 1st July
2015. New and existing foreign investors in Vietnam may be curious to have a
look at what’s new in the Law and how the regulatory changes shall affect their
business operations in Vietnam. A news article from VCCI has noted major legal
updates to come into effect in the next few months.
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