This rotten regime is committing into project to help chinese industry in Vietnam. If we don't react, china will finish up controlling key vietnamese industries.

HANOI, July 19 (Reuters) - Top Asian oil refiner Sinopec Corp (0386.HK: Quote, Profile, Research) will team up with Vietnam's Petrolimex in a venture to build a $4.5 billion petrochemical complex in Vietnam's central region, a Petrolimex executive was quoted on Saturday as saying.

Chairman Vu Ngoc Hai told the Lao Dong (Labour) newspaper Petrolimex had picked Sinopec as its partner in the venture discussed by the two firms to build the complex, including a refinery, in Khanh Hoa province.

They have agreed to import crude oil from Singapore or the Middle East to feed the refinery, the fifth such major project in Vietnam, with an annual processing capacity of 10 million tonnes of crude, or 200,800 barrels per day.

The newspaper did not give any timeframe for the Khanh Hoa project, located about 400 km (248 miles) south of the 140,000-bpd Dung Quat oil refinery, Vietnam's first such facility, which is scheduled to operate from early next year.

Petrolimex has the largest share of Vietnam's retail market of oil products, all of them imported, as the country, the second-largest gas oil importer in Asia after Indonesia, still lacks refineries. (Reporting by Ho Binh Minh; Editing by Clarence Fernandez)

You're such a idiot with this comment. If the purpose of this project is for the purpose of letting the Chinese eating away the regime's piece of the pie ie oil retailing market, then what would the regime gain out of this?

The oil refinery is meant to keep the cost of gas down, don't be such an idiot. Otherwise, VN would not team up with Japan, Kuwait, Thailand to build oil refineries.

Agreed with kiengiang, Sideley is an idiot. Besides, since when does VN need an outsider to butt into her business.

Vietnam is a free market economy so foreign joint business ventures are nothing unusual. Despite one's personal feelings toward China's politics, economic cooperation between the two nations is necessary to establish better future diplomacy.

I doubt you are in Vietnam, but project involving chinese companies never benefits to Vietnam people: the national stadium in Hanoi, was awarded to a chinse construction company, the architectural project not only was awful but also proved to be flawful: the supporting concrete wall cracked one year after the delivery, the chinese company which was awarded the overhauling of the Nhieu Loc canal in SGN is late by 9 months on schedule, it have asked for more money in spite of this failure.

With the current oil price, every oil company would be interested in refinery project. Wisdom would command relying on high tech western companies instead of crappy chinese technology.

The Chinese have eaten away many of Vnmese resources already, but the Vietnamese regime just need big support from CHina (which holds a veto right at the UN council of security)its main supplier, to maintain....

You don't know crap, the Vietnamese government does not need support from China. What does VN need China to maintain, maintain what? The Chinese are not even Vietnam's biggest export market, nor even close to one of the biggest economic and military donors.


Don't be a tool, VN sells more natural resources to the world than to China, especially oil. Now VN is beginning to reduce coal and titanium export to China. The Viet Cong does not give any freebees to anyone, what do they get by giving freebees? Zip zag,nothing


Did you read the details agreement contract that specially lay out which content and the proportion of the refinery use Chinese-made equipment ?I don't, do you?


The Chinese build crappy stuff so does Vietnamese contractors. You get a service/product for the price that you pay for. If you don't like it, then spend high premium to pay those European, Japanese or American contractors.

ps: Japanese contractors have been responsibled for the Can Tho bridge collapse that killed 50+ people recently, it's time for you to rant about them also

[quote name='kiengiang' date='Aug 10 2008, 07:31 PM' post='3862387']

First, I oberve that you keep insulting others to cover your ignorance and blindness. You're unable to convince anyone with your vacuity and low-life language.

To maintain itself. The corrupt regime needs political support from a superpower. This regime was backed by China, it swapped for the USSR until the fall of the Iron Curtain. Now it's desperately seeking support from China, at the expense of vietnam territory, sovereignty and economy. Vietnamese political leaders must pay a visit to Peking before every party congress, and leaders nomination must be approved by Chinese leaders.

Although China is not the biggest importer of vietnamese goods (they don't need crappy apparels that they could produce at even lower cost), it is the first supplier to Vietnam: Vietnam massively buy electricity, fertilizers, steel and others construction material from China. Chinese consumer products take at least 80% of market share in Northern Vietnam, favourised by lax import management and flawed customs control. Vegetables and fruits harvestd in Northern Vietnam are severely competed by chinses supply.

Vietnam is pressed by china to select Chinese companies for major infrstructure projects where vietnamese expertises don't meet requirement, whenever the money donnor doesn't have any request on the nationality of the contractor.

^ Are you able to convince anyone outside your nguy community with your ignorant subjective analysis. Wait. If I am not mistaken, you are not vietnamese. If you are an idiot of an ethnic group, it is better if you shutup your mouth and back off vietnamese business.

So I'm a Ngu.y ?! Stupid parrot stuffed with all the Viet cô.ng $hit. Whether I'm a vietnamese or not doesn't change facts. And VN is not going to catch up with the developped world as long as it is populated with bloody racist retarded like you, hope you're not Vietnamese.

Subjective analysis + conspiracy theory is the anti-VN government are good at. It's this kind of low-lifes that blame the VN goverment for the collapse of the Can Tho bridge also.

Slandering people based on your opinions and a few facts are something very easy to do, I can do that as well. It's not in my interest to rebutt every one of your slandering points because my effort of doing so will always be in a greater effort and burden and yours, have fun!

Alô alô....Trung Ương gọi asean, nghe rõ giả nhời...alô alô Chú mày định làm hỏng kế hoạch đại đoàn kết dân tộc của Đảng phải không?! Nhắc lần chót nghe không, Việt Kiều yêu nước, khúc ruột ngàn dặm, bộ phận không thể tách rời của dân tộc VN.....Chú mày còn quai miệng gọi họ là không phải người Việt thì Trung Ương sẽ ra chỉ thị cho chi bộ khai trừ chú mày ra khỏi Đảng, nghe chưa? Nghe rõ giả nhời

Haven't you ever considered that people more clever than you have already thought about everything that you've posted here? Vietnam isn't ruled by one person, you see, it's governed by many. Many people generate many ideas, and they would have covered everything you covered here. If Vietnam is really doing what you say, they obviously have a good reason in doing so. Otherwise they would have employed you to govern their country. No doubt that won't happen.

By the way, good for you for describing the Chinese as the 'enemy'. Another ultranationalist seeking to cause conflict.

We can follow China all our lives or we lead ASEAN Community. The destiny is in our hands.

and socal will be the president

what????

The third option is to follow SoCal, and I'll choose that.

he will lead us into greatness