Vietnam's Long Son PC project delayed.

摘要

Vina SCG Chemicals Co., Ltd. (VSCG) said its planned $5.4B Long Son Petrochemicals Co. Ltd. (LSP) plant in southern Vietnam has been delayed due to a financing problem. The plant, which will be the first of its kind in the country and will take four-and-a-half years to complete once construction begins, will be 71 owned by VSGC and 29 owned by PetroVietnam. The two firms will borrow $3.2B from financial institutions and fund the rest of the project themselves. The financing delay is said to be due to the fact that Petro Vietnam is unable to provide backup loan guarantee for Long Son due to a Vietnamese government regulation.