Vietnam's first oil refinery begins production

Updated February 23, 2009 10:59:16

Vietnam's first oil refinery begins its first week of production today, following its highly celebrated opening on Sunday .

After a decade of delays, the refinery's launch has been hailed as a significant moment in the country's development. Although Vietnam has considerable offshore oil reserves, it currently has to import all its petroleum products, costing hundreds of millions of dollars -- a figure rising as energy consumption soars.

Presenter: Sonja Heydeman
Speakers: Adam McCarty, Chief Economist at Mekong Economics in Hanoi; Doctor Adam Forde, the Asia Institute at Australia's Melbourne University; Trung Doan, Secretary of the Committee to Protect Vietnamese Workers, based in Australia

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