Japan’s Idemitsu Kosan to build 2nd petrol station in Vietnam
Japanese oil firm, Idemitsu Kosan Co Ltd (Idemitsu), plans to build a US$1 million Dinh Vu Port Petrol Station.
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The petrol station will be located in Dong Hai 2 ward, Hai An district, in the northern Hai Phong port city.
If approved, this would be Idemitsu’s second station in Vietnam. Its first station opened in Hanoi last October.
Covering an area of 10,000sq.m, the station is expected to bring about revenue of more than US$10 million per year. If all procedures are completed soon, the project will begin construction in January 2018 and be put into operation one month later.
The station would contribute VND46 billion - 66 billion a year to the city’s budget.
In addition, it also plans to build a lubricant plant in the city.
