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Idemitsu invested over US$ 1 million to run a petroleum trading project in Hai Phong
02/01/2018 - 16:35

Idemitsu invested over US$ 1 million to run a petroleum trading project in Hai Phong

 

The Chairman of the Municipal People's Committee Nguyen Van Tung has recently received and worked with Mr. Nobuyuki Nakamura, Chief Representative of Idemitsu Kosan in Hanoi. 

The Chairman applauded Idemitsu to invest in Hai Phong and affirmed that the city has already been in position to facilitate the project to be deployed promptly. The Chairman expected that, besides the lubricant plant and gasoline stations, Idemitsu should continue feasibility study for implementing other projects. The Chairman requested the Department of Planning and Investment and relevant departments to complete necessary documents and procedures for the project to be implemented soon. 

Mr. Nobuyuki Nakamura shared that Idemitsu would like to implement the project of gas stations in Hai Phong that it is expected expected to be located at Km 108, No. 5 Highway, in Dong Hai 2 Ward, Hai An District. The project has a total investment of more than $US 1 million on an area of over 1 hectare. The company will set up an independent accounting branch in Hai Phong which is expected to contribute to the city budget about 46 to 66 billion Vietnam Dong annually. The company expects the city to provide support, especially procedures so that construction of the project could be started in early January of 2018 and start operation before new lunar Year of the Dog.

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