The Ho Chi Minh City People's Committee has issued a directive on adjusting the total investment of the Southern Vietnam Petrochemical Complex project in Long Son commune, from US$5.6 billion to US$6.1 billion (VND 148,981 billion), at the proposal of Long Son Petrochemical Co., Ltd. The project began commercial operation in 2022 but suspended operations from mid-May 2026, a pause that could last until March 2027, while the company keeps selling polyolefin products domestically. As of June 2026, construction of the main feedstock storage tanks was 61.5% complete and the Olefins plant modification for ethane feedstock was 42.9% complete, with both expected to finish in Q4 2028. The city requires the company to take legal responsibility for the accuracy of its documents and to mobilize sufficient capital to meet the schedule.
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Original headline: Siêu dự án tổ hợp hóa dầu Long Sơn nâng vốn lên gần 149.000 tỷ đồng
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