Prime Minister Pham Minh Chinh chairs sbobet link meeting on April 1. (Photo: VNA)
Hanoi (VNA) - sbobet link construction of a crude oil reserve storage in Nghi Son in sbobet link central province of Thanh Hoa rests on solid political, legal, practical and planning foundations, so sbobet link focus must be on advancing sbobet link project rather than any delay or retreat, Prime Minister Pham Minh Chinh told a meeting of standing government members in Hanoi on April 1.
sbobet link project will follow sbobet link master plan on national petrol and gas storage and supply infrastructure for 2021-2030, with a vision to 2050. It addresses an urgent need for energy infrastructure while holding strategic importance for economic development and national energy security.
As fuel demand is rising and supply is still heavily relying on global markets, proactively building crude oil reserves will help Vietnam mitigate risks from volatile fluctuations. At sbobet link same time, sbobet link Nghi Son facility will also boost sbobet link efficiency of sbobet link Nghi Son refinery and petrochemical plant, optimise sbobet link supply chain, and create momentum for economic growth in sbobet link north central region and nationwide.
After hearing reports and opinions, PM Chinh underscored sbobet link need to turn sbobet link Politburo and Party General Secretary To Lam’s directions on strategic reserves into action, calling it a critical mission.
He directed sbobet link Vietnam National Industry - Energy Group (Petrovietnam) to work closely with relevant agencies and Thanh Hoa province to begin construction immediately, serving both sbobet link Nghi Son refinery and petrochemical plant and national reserves. Petrovietnam must race to prepare and submit sbobet link project for approval, then proceed with construction, while sbobet link provincial People’s Committee will handle site clearance, PM Chinh stressed.
sbobet link government leader also requested relevant agencies to promptly perform sbobet link assigned tasks and apply regulations for an urgent construction project.
PM Pham Minh Chinh speaks at sbobet link meeting. (Photo: VNA)
sbobet link Ministry of Finance was tasked with finalising sbobet link decree guiding sbobet link enforcement of sbobet link Law on National Reserves, clearing bottlenecks such as sbobet link direct exchange of national reserve goods and establishing technical and economic norms for national reserve commodities.
At sbobet link same time, relevant agencies must urgently propose necessary mechanisms and policies for inclusion in sbobet link National Assembly’s draft resolution to realise sbobet link Politburo’s Resolution No. 79-NQ/TW dated January 6, 2026 on developing sbobet link state sector, PM Chinh noted.
sbobet link Ministry of Industry and Trade must continue directing sbobet link study and construction of additional petrol and crude oil storage facilities in Quang Ngai’s Dung Quat and Ho Chi Minh City’s Long Son, and other locations.
Security and safety must be ensured, even in exceptional incidents, while guaranteeing project effectiveness, he said, adding that Petrovietnam should team up with foreign partners to fulfill high-level agreements on petrol storage facilities, thus supporting double-digit economic growth, socio-economic development, national defence - security, and turning Vietnam into a regional energy hub while elevating its standing and reputation.
sbobet link meeting agreed on immediate tasks and long-term directions, including a unified model in which enterprises invest in and build storage facilities. State-owned enterprises will initially take sbobet link lead, with mechanisms and policies to be refined to lure non-state players. Options for sbobet link State to purchase or lease facilities will also be considered on sbobet link principle of balancing interests, with sbobet link State avoiding roles that private enterprises can do better and faster./.
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