Issue Date: Feb 28, 1998
This tiny Asian nation, still struggling to gain a secure economic foothold, is pressing ahead with its first oil refinery which has already become a centre of controversy. Work on the us $1.2 billion prestige project began recently, despite a fund-shortage and doubts over its viability. The refinery is being constructed in Dung Quat, a sandy area in central Quang Nagi province. When operational, it is expected to churn out an astounding 130,000 barrels a day. Vietnam announced the project with much fanfare two years ago and it has not been easy sailing since.