Vietnam starts work to tap potash salt mines in Laos
Prime Minister Nguyen Tan Dung and his Lao counterpart Thoosing Thammavong launched the exploitation and processing of potash salt mines during a ground-breaking ceremony in Laos on September 13.
Prime Minister Nguyen Tan Dung at the ceremony (Source: VNA)Invested by the Vietnam National Chemical Group (Vinachem), the project spans as far as 10sq.km and is designed to turn out 320,000 tonner per year. It costs a total 522 million USD, 105 million USD of which is from the investor and the remaining from Vietnam ’s commercial banks.
The project is meant to ease the two countries’ reliance on imported potash fertilisers.
Addressing the ceremony, Lao PM Thammavong believed that on the back of Vietnam ’s expertise, the work will become operational in the near future, generating jobs for local workers and thus contributing to fostering Laos ’ economic development.
The Vietnamese leader, for his part, said the key project is part of a master plan to develop Vietnam’s chemical industry, adding that it will not only develop the local economy but also create a new driver for the bilateral economic ties.
He also took the occasion to ask Vinachem to work harder to meet schedule and deliver guaranteed quality.
The same day, the PM visited a memorial dedicated to President Ho Chi Minh in Sieng Vang village where he lived and worked from 1929-1931.
He also met Vietnamese nationals in the village and urged them to contribute to the local socio-economic development.-VNA
You should also see
📝 OP-ED: Party personnel work requires thorough checks
Officials, Party members, and people are concerned about how the Party will select the leadership capable of shouldering the immense revolutionary tasks entrusted by the history, General Secretary Nguyen Phu Trong said at the first meeting of the sub-committee on personnel affairs of the 14th National Party Congress on March 13.
See more
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
Business
Pepper prices continue increase trend
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
