SCG has signed loan agreements worth over US$3.2 billion with six banks in its home country, Thailand, to fund construction of Việt Nam’s first fully integrated petrochemical complex, Long Sơn Petrochemicals Company Limited (LSP).
Construction will begin in the third quarter of this year and the complex’s commercial operations are expected to start in the first half of 2023 to meet Việt Nam’s soaring demand, now at 2.3 million tonnes a year and projected to expand consistently thanks to the country’s strong economic growth.
Roongrote Rangsiyopash, president and CEO of SCG, said: “Long Sơn Petrochemicals is a world-scale petrochemical complex with an investment of $5.4 billion. It is SCG’s flagship investment.
Vietnam sustains FDI growth amid US-China trade war
Japan was the largest source country, with 429 newly granted FDI projects totalling $8.5bn, MPI figures show
ASEAN seeks measures to push sustainable tourism development
ASEAN members gathered in Vietnamst ouching upon measures to speed up sustainable tourism development.
Nearly 200 delegates, including leaders of national tourism organizations (NTOs) of ASEAN members and the regional groupings partners gathered in Vietnams northern Quang Ninh province on Monday, touching upon measures to speed up sustainable tourism development.
Addressing the meeting, Nguyen Trung Khanh, general director of the Vietnam National Administration of Tourism, said tourism sector makes contributions to better political and cultural understanding, and closer bilateral and multilateral cooperation not only among regional countries, but also among nations in the world.
At the 49th meeting of NTOs of countries of the Association of Southeast Asian Nations (ASEAN) which opened on Monday in Quang Ninhs Ha Long city, the delegates also highlighted contributions of tourism sector to gross domestic product.
Thailand Is Second Most Visited Country In Asia
Thailand attracted second highest number of tourists in the region with 32.58 million visitors in 2016
The Asia Pacific region accounts for 30 per cent of the world’s international tourism receipts
But Bangkok has been engulfed by smog for the past few days, raising questions about how seriously the authorities are taking the air pollution problem in the Thai capital.
Experts warn of the threat to public health if the unhealthy air quality levels persist, urging authorities to enforce mitigation measures to protect people’s health
It has been almost a week since the PM2.5 level in Bangkok rose significantly, forming a thick layer of smog over the city, but authorities are still scrambling to find solutions to help ease the problem
Spraying water over Greater Bangkok’s sky, trying to produce artificial rain haven’t brought any significant results so far.
The Asia Pacific region has outperformed all other regions in terms of growth, with international tourist arrivals increasing an average 7% per year compared to the world average of 4%.
The Asia Pacific region accounts for 30 per cent of the world’s international tourism receipts.
Thailand attracted second highest number of tourists in the region with 32.58 million visitors in 2016.
Source : English.news.cn
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