Vietnam's refining and petrochemical sector stands at a pivotal juncture. Surging economic growth (GDP 6–7% annually) is driving unprecedented demand—projected to reach 12 MMT of petroleum and 3.5 MMT of petrochemicals by 2045. Yet domestic supply gaps persist, with refineries meeting only 70% of fuel demand and 30% of polymer needs, forcing costly imports amid volatile global markets. Concurrently, decarbonization mandates (e.g., Net Zero 2050), infrastructure bottlenecks, and competition from integrated ASEAN complexes demand urgent innovation.Vietnam's refining sector is scaling capacity: Binh Son boosting Dung Quat refinery from 148 to 171 kb/d, Nghi Son optimizing operations for 15-20% throughput growth, and the $5.4B Long Son complex (Q3 2024 startup) targeting 1.4 Mt/y polyolefins to cut imports.Refining & Petrochemical Innovation Conference Vietnam 2025 (RPIC Vietnam 2025) scheduled on Nov. 13-14, 2025, Hanoi, Vietnam will gather 300+ government officials, refinery and petrochemical project owners, EPCs & Consultings, global leading process technologies, software and digital technology suppliers, cybersecurity solutions, equipment vendors, and ect. to tackle critical challenges and opportunities in Vietnam's refining & petrochemical evolution.
