Vinachem to withdraw from loss-making mining project in Laos
State-owned Vietnam National Chemical Group (Vinachem) has decided to pull out of a loss-making potassium salt mining and processing project in Laos’ province of Khammuane after pouring trillions of Vietnamese dong into the megaproject for 15 years, Tuoi Tre Online newspaper reported.
The withdrawal will result in heavy losses for the State budget, according to inspectors with the Ministry of Industry and Trade.
Vietnamnet
