Egytian firm to supply apatite ore to Vinachem fertiliser plants

Hanoi (VNA) – It is part of their Memorandum of Understanding (MoU) on strategic cooperation recently signed in New Cairo, Egypt. Under the MoU, detailed terms covering quality, pricing, delivery schedules, and payment will be finalised in separate commercial contracts in the near future. The deal is designed to help Vinachem secure stable raw material supplies for its fertiliser production amid ongoing volatility in global commodity markets. Vinachem will import through its trading units in Vietnam. A Vinachem representative said both sides also agreed to jointly develop markets for Vinachem’s key products, including detergents, tires and tubes, compound fertilisers, batteries, accumulators and other industrial and consumer goods. Kayan for International Trade will serve as a distributor or facilitate Vinachem’s access to distribution channels in the Egyptian market and neighbouring countries in the near term. This partnership is seen as an opportunity for Vinachem’s industrial ...