The project will involve a total investment of around US$500 million. The companies have stated their aim is to obtain approvals for the feasibility study and environmental assessment report in October 2026, and subsequently build the plant and start commercial production in 2028.
Vietnam's MOP imports reached 1.4 million t in 2025 from 1.2 million t in 2024, Global Trade Tracker (GTT) data showed. Laos accounted for roughly a quarter of total imports in both years.
Vinachem's subsidiaries consume around 190 000 tpy of MOP. The project will allow Vinachem to become partially self-sufficient in potash for its fertilizer production.
Original article written by Huijun Yao for Argus Media.
