Dung Quat Oil Refinery Contributes to the Economic Development of Quang Ngai Province

Abstract

Dung Quat Oil Refinery is a national key project that plays a crucial role in ensuring energy security, helps accelerating the process of industrialization and modernization of Quang Ngai province in particular, the Central region and Vietnam in general. Using statistical data for the period 2000-2021, the article analyzes, evaluates and clarifies the role of Dung Quat Oil Refinery in the economic development process of Quang Ngai province. Research results show that it makes a great contribution to the economic development of Quang Ngai province as an important driving force in the local industrial growth. On that basis, some policy implications are proposed to improve its efficiency.