CaliToday (20/9/2025): The Long Son Petrochemical (LSP) Complex, Vietnam's first fully integrated petrochemical facility, has officially resumed operations following a period of planned maintenance, marking a significant milestone for the nation's industrial sector. The state-of-the-art complex is now ramping up to full capacity, with projections indicating it will contribute an estimated US$1.5 billion annually to Vietnam's economy.
Located in the strategic industrial hub of Ba Ria - Vung Tau province, the LSP Complex is a cornerstone of Vietnam's strategy to enhance its industrial self-sufficiency and move up the global value chain. The resumption of activities signals that the facility is moving past its initial start-up and testing phases into a period of stable, continuous production.
The project, primarily invested in by Thailand's SCG Chemicals (SCGC), is designed to produce a wide range of high-quality plastic resins, including polyolefins such as polyethylene (PE) and polypropylene (PP). These materials are fundamental building blocks for a vast array of plastic products, a sector in which Vietnam has traditionally been heavily reliant on imported raw materials.
By producing these essential resins domestically, the Long Son complex is set to drastically reduce the country's import dependency, thereby strengthening its trade balance and ensuring a stable supply chain for local manufacturers. This move is expected to catalyze growth across Vietnam's thriving plastics and packaging industries.
The projected economic contribution of $1.5 billion per year is a testament to the sheer scale and importance of the project. This figure encompasses revenue from domestic sales and exports, significant tax contributions, and the creation of hundreds of high-skilled jobs. Furthermore, the complex is expected to have a powerful ripple effect, stimulating growth in ancillary sectors such as logistics, transportation, and industrial services.
The successful operation of the Long Son Petrochemical Complex is not only an economic victory but also a symbol of Vietnam's attractiveness as a destination for major foreign direct investment (FDI) in heavy industry. Its smooth return to operation after the maintenance period underscores the operational readiness and technical capability of the facility, positioning Vietnam as a formidable player in the regional petrochemical market. As it scales up to full production, the complex is set to become a powerhouse driving Vietnam's industrial future.
