Viet­nam seeks pre-IPO loans for oil re­fin­ery

China Daily (Hong Kong) - - BUSINESS -

Viet­nam is seek­ing about $1.2 bil­lion in over­seas loans for its only oil re­fin­ery be­fore a share sale in 2017, to in­crease out­put and meet de­mand in one of South­east Asia’s fastest-grow­ing economies. “The ex­pan­sion will help our re­fin­ery op­er­ate more ef­fi­ciently since it will boost the over­all out­put by 30 per­cent and help cut pro­duc­tion costs,” said Nguyen Hoai Giang, chair­man of Binh Son Re­fin­ing & Petro­Chem­i­cal Co, the re­fin­ery’s op­er­a­tor.

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