In a visit to Vietnam’s Nghi Son oil refinery on Saturday, Vietnam’s Prime Minister, Pham Minh Chinh, said that the challenges facing the refinery could be solve with more local leadership and more decentralisation, The Investor is reporting.
“There need to be more Vietnamese people in the company’s leadership. More decentralisation of power will help sort out arising problems promptly,” he said.
Nghi Son is a joint venture between companies from Vietnam, Kuwait, and Japan. It has struggled since it began production and may be looking at a loss of over US$1 billion this year.