Poor economic conditions have forced China’s SP Chemicals to abandon plans to construct a US$1.5 bln naphtha cracker project in Vietnam. Also the plant was with feedstock supply from the company’s Chinese facility. But Beijing's stimulus plan has made redundant the company’s plan to feed its downstream plant in Jiangsu province from Vietnam as feedstock supply from within China is expected to exceed demand over the next 10 years. SP Chemicals may not find it feasible to invest in in Phu Yen to produce intermediate products to be shipped to China, as they would be readily available in.
13-May-09 
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