Total,Chinese Petroleum Corp (CPC) and China Petrochemical Development Corp (CPDC) (formerly China Investment and Development Co) conduct feasibility study on the No 1 refinery project.The government approves two polyvinyl chloride (PVC) joint-venture projects - Mitsui Chemicals,Mitsui & Co,Thai Plastics and Chemicals,and two local firms are to build an 80 000 tonne/ year plant in Dong Nai,and Marubeni,Occidental Chemical,PetroVietnam,and Tramatsuco are to build a 100 000 tonne/ year plant in Ba Ria-Vung Tau.Phu My.
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