Japan’s Idemitsu Kosan to build 2nd petrol station in Vietnam

09:27 | 02/02/2018 Industry

Japanese oil firm, Idemitsu Kosan Co Ltd (Idemitsu), plans to build a US$1 million Dinh Vu Port Petrol Station.

japans idemitsu kosan to build 2nd petrol station in vietnam
Idemitsu’s first station in Thang Long industrial park in Hanoi - Photo: nhadautu.vn

The petrol station will be located in Dong Hai 2 ward, Hai An district, in the northern Hai Phong port city.

If approved, this would be Idemitsu’s second station in Vietnam. Its first station opened in Hanoi last October. Covering an area of 10,000sq.m, the station is expected to bring about revenue of more than US$10 million per year.

If all procedures are completed soon, the project will begin construction and be put into operation in early 2018.

The station would contribute 46 billion - 66 billion VND a year to the city’s budget. In addition, it also plans to build a lubricant plant in the city.

Theo VNA