Vietnam's top oil refinery to avert shutdown as cash flow improves

Project led by Japan's Idemitsu expected to make November debt payment

20230621N Idemitsu Vietnam refinery

The refinery's utilization rate has improved, and its operating company was able to secure an operating profit. (Photo by Yuji Nitta)

NAOYUKI TOYAMA, Nikkei staff writer

TOKYO -- Vietnam's largest oil refinery is expected to avoid a shutdown by making a November debt repayment thanks to improved cash flow.

Japanese energy group Idemitsu Kosan, the top investor, has taken steps to boost the Nghi Son refinery's capacity usage, helping it secure an operating profit.

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