Vung Ro Petroleum company officially started oil refinery construction

The investor of the Vung Ro Bay project, Vung Ro Petroleum Ltd. has officially started construction of oil refinery in Phu Yen province. The official opening ceremony took place on September 9th 2014. This is the largest foreign direct investment project in Phu Yen province (4 billion USD). As the major economic anchor in Hoa Tam industrial area of South Phu Yen Economic Zone, the project has most prioritized investment status, providing the opportunity of sustainable economic development in the region.