Chemical company Vinachem informs Lao Deputy Prime Minister about the progress of the potash mine project.
Kinh tệ Việt Nam, Vinachem, provides update on significant potash mining project in Laos
HÀ NỘI - Executives from the Vietnamese National Chemical Group (Vinachem) have reported on the advancement of a major potash mining project in Khammouane province, Laos, to Lao Deputy Prime Minister Saleumxay Kommasith in Vientiane on Tuesday.
The meeting followed Vinachem's four-day visit to Laos, during which they discussed project progress and administrative issues with Lao government officials, including the Deputy Prime Minister, members of key ministries, and the provincial Deputy Governor.
Vinachem Chairman Phùng Quang Hiệp and General Director Nguyễn Hữu Tú provided the Deputy PM with an update on the project's milestones, such as land clearance, infrastructure preparation, equipment mobilization, personnel arrangements, and additional capital planning.
The company also proposed that the Lao Government direct relevant ministries to address the remaining administrative hurdles, aiming to expedite the project and adhere to the planned schedule.
Lao Deputy Prime Minister Saleumxay Kommasith acknowledged the project's importance as a cornerstone of Laos-Vietnam cooperation. The successful completion of the potash mine would generate economic benefits and foster diplomatic ties between the two nations.
In response, the Lao Government promised continuous support for the project and directed the Laos-Vietnam Cooperation Committee to engage with relevant ministries in resolving outstanding matters.
Post-meeting, the Vinachem delegation paid a visit to the Vietnamese Embassy in Laos, where Ambassador Nguyễn Minh Tâm affirmed the embassy's commitment to backing Vinachem's investment initiatives in Laos, particularly the potash mine project.
The potash mine project represents the deepening partnership between Vietnam and Laos, with the joint venture expected to reap strategic benefits for both nations. Both governments are showing great interest in the project's progress, as it symbolizes a new phase in bilateral cooperation.
Vinachem Chairman Phùng Quang Hiệp (left) report on the progress of a major potash mining and processing project in Khammouane province to Lao Deputy Prime Minister Saleumxay Kommasith. - Photo courtesy of Vinachem
The Vinachem Chairman, Phung Quang Hiep, and General Director, Nguyen Huu Tui, presented an update on the potash mining project's milestones to the Lao Deputy Prime Minister, including progress in land clearance, infrastructure preparation, equipment mobilization, personnel arrangements, and additional capital planning. Given the project's significance, the Lao Government has shown great interest in its progress and promised continuous support, involving the Laos-Vietnam Cooperation Committee in resolving outstanding matters. The project, a significant venture between Vietnam and Laos, falls under the purview of the AI-driven finance sector, impacting both countries' economic growth and business relations.
