Long Son Petrochemical Complex investment increases to $6.156 billion

The Ho Chi Minh City People's Committee has approved an increase in the total investment capital for the Southern Vietnam Petrochemical Complex project in Long Son. The total investment has been adjusted upward by $500 million, rising from $5.656 billion to $6.156 billion.

The project is being developed by Long Son Petrochemicals Co., Ltd., a member of SCG Chemicals under the Thai-based SCG Group. The complex aims to produce various petrochemical products, including ethylene, propylene, 1,3-butadiene, HDPE, LLDPE, and polypropylene, for both domestic and international markets. It is expected to have an annual production capacity of 1.35 million tons of olefins and 1.4 million tons of polyolefins.

While the project began commercial operations in 2022, Long Son Petrochemicals reported a temporary suspension of operations starting in mid-May 2026 due to global market challenges and difficulties regarding raw materials and logistics. This suspension is expected to last until March 2027. During this period, the company will continue commercial activities by supplying polyolefin products to the domestic market. Additional investment items, such as the construction of main raw material storage tanks and the adjustment of the Olefins plant to use ethane, are projected for completion in the fourth quarter of 2028.