Chemical Industry Needs VND6 Tln for Development in 2009
Vietnam’s chemical industry will need VND6 trillion (US$355 million) of investment capital for development this year in order to obtain an on-year growth of 12.5 per cent.
Vinachem will coordinate with Vietnam Chemical Financial Company to mobilize the capital from various sources, the newspaper said, citing the Vietnam National Chemical Corp (Vinachem).
The corporation will boost production and operate its factories at full capacity in 2009. It is trying to put the DAP Haiphong project into operation in the beginning of the second quarter this year to meet the market’s demand.
Vinachem will also boost exports to reduce trade gap in 2009 and in the following years. (Vietnam Economic Times, Vietnam & World Economy)
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