VietNamNet Bridge - Some years ago, investors flocked to Vietnam to register petrochemistry and oil refinery projects, which raised concerns about oversupply. But things are quite different now.

 VietNamNet Bridge – The Ministry of Finance (MOF) has unexpectedly agreed to offer attractive investment incentives to the Thai PTT Group, which plans to set up the Nhon Hoi Oil Refinery in Binh Dinh province.

 Thai oil and gas group PTT has asked Viet Nam's south central province of Binh Dinh to reschedule feasibility study reports of a US$27 billion oil refinery plant to July.

Just within a short time, the two big Thai energy conglomerates announced the huge investments in the $27 billion Nhon Hoi petrochemical project and the $2.2 billion Quang Tri thermopower plant project.

Petrolimex official admits profits fall short of target; Viet Nam fishing for seafood sector development; Gloom in construction material market; Thai firm to build thermal power plant in Quang Tri

Thureign Augn has been introduced by Thai PTT Group, the investor of the $27 billion Nhon Hoi oil refinery in the central province of Binh Dinh, Vietnam, as a member of Arab royal family, billionaire and a potential investor of the project.

VietNamNet Bridge – Experts say they are not quite sure about the feasibility of the Nhon Hoi oil refinery when asked about the prospect of the project.

Petroleum Authority of Thailand (PTT) has decided to invest nearly US$27 billion in a petrochemical complex project in the south-central province of Binh Dinh.