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My Xuan B1 – Tien Hung industrial park locates on Ba Ria - Vung Tau Province.
Vung Tau is the largest gas oil center of Vietnam, having Vietsovpetro joint venture company, is the symbol for prosperity of Vietnam gas & oil industry, and is also the symbol of friendship between Russia and Vietnam. gas & oil industry occupies a big proportion in total value of industrial production. Today, most of capacity of Vietnam gas & oil (PetroVietnam) locate in Vung Tau city, and their most of petroleum and gasoline products are also exploited at Vung Tau sea.
As planned, the LNG Long Son gas thermal power project will provide 1,500 MW of clean and reliable electricity to Vietnam, enhance Vietnams energy security and support Vietnams economic development.