3:26:30 PM | 7/8/2005
Vietnam Chemical Corporation (Vinachem) plans to invest nearly VND1,500 billion (US$95.5 million) in implementing key projects this year, two times higher than last year’s investment capital.
The state-owned corporation will spend this money carrying out such projects as the DAP Haiphong, the 560,000-tonne fertiliser plant in northern Ninh Binh province, the 100,000-tonne SA producing plant in northern Haiphong province and the 100,000-tonne hydroxide aluminum plant in Bao Loc of central highlands Lam Dong province.
Vinachem posted total export value of US$34.1 million in 2004, fulfilling 104.8 per cent of the targeted plan and up 66.6 per cent against 2003.
Also in the year, the corporation exported 90,000 sets of auto tires, nearly 135,000 kWh of batteries, 33,000 tonnes of washing substances, 10,000 tonnes of basic chemicals, more than 33,000 tonnes of fertiliser and a large volume of pesticide and packing.
Vietnamese
