Binh Son Refining and Petrochemical Joint Stock Company (BSR), the investor of the Dung Quat Refinery Expansion and Upgrading (DQRE) Project, is pleased to announce that BSR has completed the FEED phase for the project and we are planning the EPC bidding this coming July 2025 right after the FEED approval.

Within the framework of the State visit to the Republic of Azerbaijan from May 7 to 8, 2025, General Secretary of the Communist Party of Vietnam Central Committee To Lam and President of Azerbaijan Ilham Aliyev witnessed the signing of a Memorandum of Understanding (MoU) between Binh Son Refining and Petrochemical Joint Stock Company (BSR) and the Ministry of Economy of Azerbaijan on the long-term supply of crude oil for the Dung Quat Refinery.

Within the framework of the State visit to the Republic of Azerbaijan from May 7 to May 8, 2025, General Secretary To Lam and President of the Republic of Azerbaijan Ilham Aliyev witnessed the ceremony of handing over cooperation documents between Vietnam and Azerbaijan. Among these, the Vietnam National Industry and Energy Group (Petrovietnam) and its subsidiaries exchanged important cooperation documents in the energy sector.

On May 3, 2025, in Thailand, the Management Board of the Dung Quat Refinery Upgrade and Expansion Project (DQRE) - a branch of Binh Son Refining and Petrochemical Joint Stock Company (BSR) - officially received the adjusted Front - End Engineering Design (FEED) package and the total construction cost estimate for the Dung Quat Refinery Upgrade and Expansion Project. The documents were handed over by contractor Foster Wheeler (Thailand) Limited (a member of the UK - based Wood Group).

Binh Son Refining and Petrochemical Joint Stock Company (HoSE: BSR) posted positive business results for the first quarter of 2025, with revenue reaching nearly VND 32 trillion. The performance underscores the company's strong management capabilities and adaptability amid market volatility, reinforcing its role as a leading player in Vietnam's oil refining and petrochemical industry.

On April 23, Binh Son Refining and Petrochemical Joint Stock Company (BSR) held the 2025 Annual General Meeting (AGM), presenting the business performance results for 2024 and the plan and tasks for 2025 in an online format.