Vietnam's Vinachem Begins Construction at Regions First Potash Mine in Neighbouring Laos

Viet Nam News reported that Vietnam state-owned Vietnam National Chemical Group (Vinachem) has begun construction at its potash mine in Laos, which will be one of Vietnam’s largest international projects.
As quoted in the market news:

The ground breaking ceremony was held in Nongbok district in Khammouane province. Invested by the Viet Nam National Chemical Group (Vinachem), the project spans 10sq.km and is designed to turn out 320,000 tonnes per year.
The project will cost a total US$522 million, of which US$105 million is from the investor, Vinachem, and the remainder from Viet Nam’s commercial banks. The project is expected to ease the two countries’ reliance on imported potash fertilisers.
Addressing the ceremony, Lao PM Thammavong said that using Viet Nam’s expertise, the mine would start producing in the near future, generating jobs for local workers.
The Vietnamese leader said the project was part of a master plan to develop Viet Nam’s chemical industry. He asked Vinachem to meet the schedule and deliver a quality product.

Click here to read the full Viet Nam News report.