The Vietnam National Coal - Mineral Industries Group (Vinacomin) needs an estimated VND220 trillion ($8.66 billion) to invest in 7 bauxite-alumina-aluminum exploiting and processing projects.

This is part of the group’s development plan for bauxite - aluminum sector until 2030, with a vision to 2045.

As outlined in the plan, by 2030, Vinacomin will focus on expanding and increasing the annual capacity of Nhan Co Alumina Plant in Central Highlands’ Dak Nong province to about 2 million tons.

Additionally, there will be new investments in Dak Nong 2 bauxite-alumina-aluminum complex. 

At a recent working session with Vinacomin on the development plan, Vice Chairman of the Committee for Management of State Capital at Enterprises Ho Sy Hung asked the group to clearly identify the goals of the plan and review legal foundation as well as conditions to implement the plan, ensuring environmental protection and harmonization of benefits for the State, locality, people and enterprises.

He advised Vinacomin to continue completing the plan to submit to authorized agencies for approval.