National Assembly Chairman Vuong Dinh Hue visits Binh Son Refining and Petrochemical JSC (photo: VOV)

Working with representatives of the BSR in Quang Ngai province, Mr. Hue said the company should focus on risk management and financial administration. The leader also urged PetroVietnam to make more reforms and suggested it prioritise investment in very promising projects, as well as urgent and key ones.

He noted that the NA Standing Committee has instructed relevant agencies to collect feedback on the draft Petroleum Law, which is expected to be approved by the legislature during its fourth session in October to create a legal framework for the development of the oil and gas industry in the new situation.

Since it was put into operation more than 10 years ago, Dung Quat has churned out around 80 million tonnes of products, and contributed over 8.33 million USD to the State budget. The BSR has also created stable jobs for more than 1,500 laborers, and contributed over 250 billion VND to social welfare programs nationwide.