BSPPT Launches LPG Business in Dung Quat – A New Strategic Milestone

As the final working days of the Year of the Dragon 2024 pass by and people rush to prepare for the arrival of the Year of the Snake, the atmosphere at the company’s LPG export terminal is equally bustling. The team is racing against time to dispatch the first batch of LPG products after receiving an operational license from the Ministry of Industry and Trade.

On January 22, 2025, Binh Son Packaging and Petroleum Trading Joint Stock Company (BSPPT) successfully delivered its first batch of Dung Quat LPG to its strategic partner, Quang Ngai Investment, Construction, and Business Services Co., Ltd. (QISC). This event marks a significant milestone, signifying BSPPT strong comeback in the liquefied petroleum gas (LPG) business.
This move is part of BSPPT’s strategic expansion, enhancing its service portfolio, increasing its value chain, and solidifying its position in the energy sector. At the same time, it opens a new chapter aimed at achieving sustainable, dynamic, and flexible growth in an increasingly competitive market.

BSPPT expects its LPG business to contribute significantly to its revenue targets in 2025. The company is not only focused on strengthening its traditional market but also proactively seeking new opportunities with potential partners domestically and internationally. According to its plans, BSPPT aims to deliver approximately 12,000 tons of Dung Quat LPG in the early months of 2025—an encouraging sign of the company’s sustainable growth.

In addition to LPG, BSPPT continues to expand its traditional product lines, including packaging, commercial plastic resins, property leasing, transportation services, and logistics. This comprehensive strategy aims to mitigate risks associated with dependence on a single industry, optimize profits from high-demand products, and ensure long-term, stable, and sustainable growth.

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