The two pilot bauxite projects in Lam Dong and Dak Nong provinces have remarkably contributed to the Central Highlands' development in recent years.
On 16th April’20, the Prime Minister of Vietnam, Nguyen Xuan Phuc at a meeting in Hanoi said: “This is a premise to consider the expansion of bauxite exploitation and processing in the region.”
The meeting focuses to review the 10-year implementation of the Politburo’s conclusion on planning, zoning off for exploration, exploitation and processing of bauxite ore during the 2007-2015 periods, with a vision to 2025.
The Tan Rai and Nhan Co bauxite exploitation and processing projects in Lam Dong and Dak Nong provinces started work in 2008 and 2010, respectively. The projects have managed to earn profits since 2017, one year ahead of the time frame.
The meeting also stated that the per capita income of residents has risen to US$2,775 per year at present from US$725.90 before 2007.
PM Phuc said: “In the future if the aluminium industry is developed based on the two projects, it must be closely linked to the market to ensure economic efficiency by mobilising potential businesses in various sectors to jointly invest in projects.”
The Prime Minister also said: “Besides roads, it is necessary to study the development of other ways of transportation from the aluminium factories in the Central Highlands to seaports, as well as promote the application of new technologies to treat red mud.”
PM Phuc stressed towards the making of certain sustainable development of the aluminium and aluminium smelting industry, though keeping in mind special attention must be paid to environmental protection, security and defence, social order and safety, and particularly protecting the living environment for Central Highland people, including mountains, forests, water, air and unique culture of ethnic minorities.
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