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The Petroleum Fertiliser and Chemicals Company (PVFCCo) plans to build a factory capable of manufacturing approximately 250,000 tonnes of NPK fertiliser per year.— File Photo
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HA NOI (Biz Hub) — The Petroleum Fertiliser and Chemicals Company (PVFCCo) plans to build a factory capable of manufacturing approximately 250,000 tonnes of NPK fertiliser per year.
The project requires a total investment of about US$200 million, of which $120 million will be borrowed from credit institutions.
The factory is expected to begin operations in 2016, and will help in ridding the domestic market of fertilisers sold under falsified brand names.
Viet Nam imports 400,000 tonnes of NPK fertiliser every year. — VNS