Quảng Ngãi, November 19ᵗʰ — Vice Chairman of the Provincial People’s Committee Nguyễn Ngọc Sâm on Wednesday afternoon held a working session with Bình Sơn Refining and Petrochemical Joint Stock Company (BSR) to discuss measures supporting the enterprise in production, business operations and tax obligations.
According to BSR, production output at the Dung Quất Oil Refinery increased significantly in 2025, with estimated total annual revenue exceeding VNĐ 140 trillion.
For 2025, BSR planned to contribute VNĐ 10.164 trillion to the provincial budget.
However, by December 31ˢᵗ, 2025, contributions are projected to reach VNĐ 9.527 trillion — about VNĐ 636 billion below plan — mainly due to global oil prices falling below the levels used for provincial revenue projections.
Despite the shortfall in provincial payments, BSR reported that its import–export tax payments to the central budget will exceed estimates by roughly VNĐ 2 trillion.
Overall, the company expects to meet its total annual tax contribution targets assigned for 2025.
BSR forecast certain challenges in production and operations toward the end of the year due to adverse weather conditions.
Nevertheless, the company affirmed its commitment to overcoming difficulties and delivering on its 2025 business plan.
Speaking at the meeting, Vice Chairman Sâm stressed that Quảng Ngãi Province remains committed to supporting BSR through challenges and providing the most favourable conditions for the company to implement its production and business development strategy.
He emphasised that BSR has long been a leading enterprise in production and business nationwide, maintaining its position as the province’s largest contributor to budget revenues.
BSR currently accounts for around 80–85 per cent of the province’s total budget revenue.
Sâm expressed his hope that, in the remainder of 2025, BSR will mitigate weather-related impacts, accelerate production and business activities, and ensure full achievement of its set targets.
Regarding business planning for 2026, he requested BSR to align its growth objectives with the province’s target of maintaining double-digit economic growth.
He urged the company to develop detailed monthly and quarterly measures that both boost corporate revenue and contribute positively to the provincial budget.
On BSR’s proposals related to the Dung Quất Refinery Upgrade and Expansion Project, the Vice Chairman instructed relevant departments, agencies and localities to promptly review pending tasks and resolve outstanding issues in accordance with prior directives of the Provincial People’s Committee.
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