A 60,000 tons polystyrene plant is expected to be built in Dung Quat Economic Zone (EZ) in central Quang Ngai province at an investment of US$50 million. A plan on building the plant has been agreed upon by the EZ Management Board and the Vietnam Chemistry Corporation. The EZ has recently attracted several heavy industry foreign direct investment projects, including a US $200 million project of the Republic of Korea's Doosan Corporation and a US $12 million project of UK's Amigos Company.
Vietnam, with large crude oil and gas reseves, estimated at 4.5 billion tons, has virtually no petrochemical industry. Vietnam, Southeast Asia's third-largest crude oil producer, is seeking US$6.3 billion from foreign investors to develop 12 petrochemical projects including a $3.5-billion oil refinery.
11-Apr-06 
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