On 26 December, 2005, Prime Minister of the Republic Socialist of Vietnam signed the decision No. 343/2005/QD-TTg about The plan for development of chemical industry in Vietnam until 2010 (up to 2020). On 15 May, 2007, an agreement to build first Polyester Manufacturing Plant in Vietnam between two largest groups in Vietnam: PetroVietnam and Vietnam Textile and Garment group has been signed. As a result of agreement, Petrovietnam Petrochemical and Textile Fiber Joint Stock Company has been established on 22 March, 2008.
The history of PVTEX:
·         On 26 December 2005, Prime Minister of the Republic Socialist of Vietnam signed the decision No. 343/2005/QD-TTg about the plan for development of chemical industry in Vietnam until 2010 (up to 2020);
·         On15 May, 2007, Petrovietnam and Vinatex group signed a joint agreement to build Polyester Manufacturing Plant.
·         On18 May, 2007, Petrovietnam and Vinatex held the meeting to start Polyester Manufacturing Plant project.
·         On 15 January, 2008, the Petrovietnam issued the Decision No. 419/NQ-DKVN for establishment PVTEX Dinh Vu Joint Stock Company
·         On 14 February, 2008, the first shareholders meeting of PVTEX Dinh Vu JSC was held at Petrovietnam office in Hanoi.
·         On 22 March, 2008, PVTEX Dinh Vu JSC has officially established in Hanoi under witness of Petrovietnam and Vinatex group
·         On 1 Apirl, 2008, PVTEX Dinh Vu JSC officially went into operation.
Mr. Bui Xuan Khu, Vice Minister of Industry and Trade awarded licenses for PVTEX Dinh Vu leaders.
·         May 28, 2008, PVTEX signed the contract with EPC Industrial Engineering GmbH (Germany) for DFS establishment of Polyester Manufacturing Plant;
·         August 21, 2008, PVTEX signed principle contract for selling Polyester product  with Vietnam Textile and Garment Group (Vinatex);
·         October 21, 2008, the Board of management PVTEX has approved for building Polyester Manufacturing Plant project by decision No 51/QD-PVTEX.
·         December 2, 2008, PVTEX carried out the extraordinary shareholder meeting to determine the capital structure and renamed company as Petrovietnam Petrochemical and Textile Fiber JSC (PVTEX).
The extraordinary General assembly of the shareholder
·         February 19, 2009, People's Committee of Haiphong city awarded certificates of investment  for PVTEX to build Polyester Manufacturing Plant project in Dinh Vu Industrial Zone.
·         May 14, 2009, PVTEX signed EPC Contract with Contractor Consortium of Hyundai Engineering Corporation, LG International Corporation and Petrovietnam Construction JSC;
Ceremony to build the Synthetic Fibre Polyester Dinh Vu – Hai phong Plant
·         July 9 2009, the EPC contract officially went into effect;
·         July 14 2009, the Board of management PVTEX has appointed Mr. Vu Dinh Duy, the first Deputy General Director PVTEX being General Director from July 15, 2009;
·         August 4 2009, PVTEX signed CAR insurance contracts with Petrovietnam Insurance Company.



















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