HẢI PHÒNG — Japanese oil firm, Idemitsu Kosan Co Ltd (Idemitsu), plans to build a US$1 million Đình Vũ Port Petrol Station.
The petrol station will be located in Đông Hải 2 Ward, Hải An District, in the northern Hải Phòng Port City.
If approved, this would be Idemitsu’s second station in Việt Nam. Its first station opened in Hà Nội last October.
Local sources in Hải Phòng reported that Japan’s Idemitsu Kosan Chief Representative for Việt Nam, Nobuyuki Nakamura, had a working session with chairman of the municipal People’s Committee, Nguyễn Văn Tùng, about investment plans for the station.
Covering an area of 10,000sq.m, the station is expected to bring about revenue of more than $10 million per year. If all procedures are completed soon, the project will begin construction in January 2018 and be put into operation one month later.
The station would contribute VNĐ46-66 billion a year to the city’s budget.
In addition, it also plans to build a lubricant plant in the city.
Tùng hailed the Japanese company’s investment into the city and confirmed that they would create favourable conditions to help them implement the project.
He hoped that the company would continue launching other projects.VNS