The refinery was planned to be construct near the port of Vũng Tàu, just 100 kilometers (60 mi) away from the offshore oil fields.

The Front End Engineering Design (FEED) Contract was signed between PetroVietnam, Zarubezhneft and Foster Wheeler Energy.

[8] On 16 August 2009, refinery's operations were suspended due to a "technical repair" in the residue fluid catalytic cracking unit.

[9] Dung Quat refinery has a designed capacity of 6.5 million tons of crude oil annually, or 140 thousand barrels per day (22×10^3 m3/d).

Petrovietnam negotiates with foreign oil companies, including Royal Dutch Shell, Essar Group and SK Energy, to upgrade and sell part of the refinery.

[10] Critics of the project claim that the refinery is non-feasible, and the location is chosen for political, not economical reasons, as most of oil comes from offshore fields in Southern Vietnam.