Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: Vietnam's self-sufficiency in crude oil and natural gas are set to come to an end in 2018, as
falling production prove increasingly insufficient to meet rising demand. The start-up of new oil and gas
infrastructure over the next five years will significant expand the country's total refining capacity and LNG
Latest Updates And Key Forecasts
? Binh Dinh province scrapped PTT PCL and Saudi Aramco-led development of the Nhon Hoi refinery,
after the USD20.0bn project failed to take-off following four years of delays.
? Japan's Tokyo Gas formed an LNG joint-venture (JV), LNG Vietnam, with state-owned PetroVietnam
and private firm Bitexco. The JV will manage all LNG facilities in the country and oversee procurement
and distribution of LNG once first trade commences in 2018.
? Vietnam is set to become a net importer of both crude oil and natural gas from 2018, due to falling
production and rising domestic energy requirements.