(Baoquangngai.vn)- Fitch Ratings has just announced the second year long-term default credit rating (IDR) of Binh Son Refining and Petrochemical Joint Stock Company (Stock code: BSR ) at "BB+" with "Stable outlook".
According to Fitch Ratings (one of the three largest rating agencies in the world ), BSR plays an important role in maintaining national energy security in Vietnam. BSR is capable of supplying about 35% of Vietnam's petroleum demand. Together with Nghi Son Refinery and Petrochemical Plant, Dung Quat Oil Refinery (DRP) managed by BSR has contributed to ensuring energy security for Vietnam, reducing the need for petroleum imports.
Fitch Ratings assesses BSR as one of the key enterprises of the Vietnam Oil and Gas Group ( Petrovietnam ). Fitch Ratings also bases its rating criteria on the relationship between the parent company and its subsidiary (PSL), specifically the relationship between BSR and Petrovietnam, to assign a long-term default credit rating to BSR at “BB+” with a “Stable Outlook”. This reflects the strategic role and important support from Petrovietnam for BSR in its production and business activities as well as BSR’s sustainable development strategy.
 |
| Dung Quat Oil Refinery. |
Dung Quat Oil Refinery is the first oil refinery in the country, playing an important role in laying the foundation for the petrochemical industry and contributing to ensuring national energy security. With the role of managing and operating the first oil refinery in the country - BSR carries the aspiration of pioneering with the task of developing the Vietnamese oil refinery industry. Since its inception, Dung Quat Oil Refinery has always operated safely and stably, supplying the market with more than 91 million tons of various products; total revenue reached nearly 1.6 million billion VND and paid to the State budget nearly 224 thousand billion VND (equivalent to more than 9 billion USD), 3 times the total investment.
In 2023, BSR will be the 4th enterprise in the Top 500 enterprises with the largest capitalization in Vietnam. Dung Quat Refinery has had a great impact on the socio-economic development of Quang Ngai province and the Central Highlands region, such as contributing to economic development, infrastructure; linking industries and regions, supporting tourism and service development; logistics, freight transport and marine economy; developing industry in general and supporting industries associated with petrochemical and energy products; attracting domestic and foreign investment...
PV
RELATED NEWS:
Published at: 08:51, 08/10/2024
Source: https://baoquangngai.vn/kinh-te/202410/cong-ty-cp-loc-hoa-dau-binh-son-duoc-xep-hang-trien-vong-on-dinh-5a81631/
![[Photo] Journalists moved to tears at the Memorial Service for the soldiers who died in Gac Ma](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/30/9454613a55c54c16bf8c0efa51883456)
![[Photo] National Conference "100 years of Vietnamese Revolutionary Press accompanying the glorious cause of the Party and the nation"](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/30/1cf6cd5c8a934ebfa347028dcb08358c)
![[Photo] A delegation of 100 journalists from the Vietnam Journalists Association visits the soldiers and people of Truong Sa island district.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/30/0984a986227d4e988177f560d2e1563e)
![[Photo] General Secretary To Lam receives Chief of the Central Office of the Lao People's Revolutionary Party](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/30/140435f4b39d4599a3d17975dfb444c5)
Comment (0)