NSRP hits 20 million safe manhours, maintains strong Q1 2025 performance

April 28, 2025 - 16:57

Operating at more than 110 per cent capacity, NSRP supplied 1.96 million tonnes of fuel to the domestic market in the first quarter and is targeting 2.29 million tonnes in second quarter.

Nghi Sơn Refinery in Thanh Hóa Province. — VNA/VNS Photo

THANH HÓA — Nghi Sơn Refinery and Petrochemical LLC (NSRP) has marked a major milestone, achieving over 20 million safe manhours without Lost Time Injury (LTI), while maintaining strong operations through the first quarter of 2025.

Operating at more than 110 per cent capacity, NSRP supplied 1.96 million tonnes of fuel to the domestic market in the first quarter and is targeting 2.29 million tonnes in the second quarter. The company continues to play a vital role in meeting Việt Nam’s fuel demand and ensuring national energy security.

The general director of NSRP, Kazutaka Yamato, said: “Safety is at the heart of everything we do. This achievement reflects the dedication and teamwork of our people.”

NSRP’s success is driven by a skilled workforce, strong management systems and a culture where safety and efficiency are prioritised. The company has also expanded refining capacity beyond itsoriginal design to better respond to market demands.

In recent years, NSRP has focused on strategic transformation, improving corporate governance and operational stability to ensure sustainable growth. The company reaffirms its commitment to close collaboration with the Government of Việt Nam, ministries, local authorities, sponsors, and stakeholders.

Established in 2008, NSRP is a US$9 billion joint venture located in Thanh Hóa Province, playing a vital role in Việt Nam’s energy sector with a refining capacity of 10 million tonnes annually. — VNS

Three important financial policies to take effect in May

Economy

Việt Nam, Tunisia boost economic and trade cooperation

Economy

PVI Insurance sees strong start in Q1, targets $1 billion revenue in 2025

Economy

Việt Nam exports nearly half of its tilapia to the US market

Economy

Seven coffee producers recognised for outstanding specialty coffee

Economy

Real estate companies remain passive in bond market

More on this story

Economy

Việt Nam needs to catch up on legal framework for digital assets

Chainalysis reports that Việt Nam ranked fifth globally in its 2024 Global Crypto Adoption Index, with inflows of around US$120 billion between July 2022 and June 2023. During the same period, Vietnamese investors made approximately US$1.18 billion in crypto profits.

Economy

Less attractive rates cause savings withdrawals in favour of other investment channels

Savings seem to no longer be a top priority for many people, making it difficult for banks to raise medium- and long-term capital.

Economy

SMEs need solutions in accessing ESG capital

Small and medium-sized enterprises (SMEs), accounting for more than 90 per cent of all existing businesses, need solutions to help them access green capital.

Economy

VN-Index expected to retest 1,240-point mark after public holiday

The key drivers include expectations of positive first-quarter business results from listed companies, the official launch of the new KRX trading system on May 5, and encouraging signals from the international environment, such as progress in US-China and US-Việt Nam trade negotiations.

Economy

Techcombank affirms strong performance at 2025 AGM

Techcombank aims for a 16.4 per cent credit growth rate in 2025 and expects to achieve a pre-tax profit of VNĐ31.5 trillion, up 14.4 per cent year-on-year.

Economy

Vietnamese exporters set to benefit from global supply chain changes

Việt Nam is well positioned to take advantage of the ongoing shifts in global supply chains, with strong export growth expected this year, a senior executive of a Hong Kong corporation said.

Economy

Government proposes land rent exemptions and reductions to boost the digital technology industry

According to Minister of Finance Nguyễn Văn Thắng, the Government proposed a total of 13 policy groups concerning exemptions and reductions in land use fees and land rent to support key economic sectors.

Economy

Việt Nam, China eye deepening trade promotion cooperation

The Vietnamese Embassy is ready to act as a bridge in facilitating cooperation between the China Council for the Promotion of International Trade (CCPIT) and Vietnamese partners, as well as in connecting enterprises from both countries, said Ambassador Phạm Thanh Bình.

Economy

Canada launches anti-dumping investigation into carbon and alloy steel wire imports from multiple countries

The investigation targets products mainly classified under HS codes 7217.10 (non-coated or non-plated steel wire), 7217.20 (zinc-coated or plated steel wire), 7217.30 (steel wire coated or plated with other base metals), 7217.90 (other steel wire), 7229.20 (stainless alloy steel wire), and 7229.90 (other alloy steel wire).