Gia Phu Singapore wants to pump $ 5 billion into refineries and seaports in Phu Yen

Gia Phu Singapore and Phu Yen Economic Zone Management Board had a discussion on the investment policy of refinery and Bai Gort port worth $ 5.5 billion in Phu Yen.

Le Van Thanh, head of the management board of Phu Yen economic zone, said that the oil refinery project approved by the Prime Minister to be deployed at Hoa Tam Petrochemical Park and Bai Goc port project has been put into the port system of Vietnam.

The land used for the refinery project is 404ha, 136ha beach of Bai Goc port is being cleared and striving to complete this task in the third quarter of 2018.

Gia Phu Singapore wants to pump $ 5 billion into refineries and seaports in Phu Yen

Representatives of Gia Phu Singapore Group proposed Phu Yen People’s Committee to invest in these two projects. After researching and compiling the survey, the corporation committed to transfer $ 5 billion to Phu Yen province to fund the two projects.

According to VietnamFinance, Gia Phu Singapore Group was established in 1998 and has been operating in Vietnam for 6 years. This company has carried out several significant projects such as Soai Rap General Cargo Depot, Tien Giang with a total investment of US $ 250 million and Chan May Petroleum Terminal (Hue) with US $ 160 million.

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