Vietnamese publicly listed company Đức Giang Chemicals Group has taken a major step to expand the country’s aluminium value chain footprint. On October 12 2025, the company signed a Memorandum of Understanding (MoU) during the Lam Dong Province Investment Promotion Conference in Da Lat. The agreement, signed with the provincial government, aims to study, survey and propose an integrated aluminium complex in the region.
A major industrial push
The proposed complex aims to build a fully integrated production chain, from raw bauxite ore to finished aluminium ingots. The project is designed to process 2 million tonnes of alumina annually, producing 500,000 tonnes of aluminium. Estimated yearly revenue stands at VND 37,000 billion (USD 1.406 billion), with a total capital investment of around VND 58,000 billion (USD 2.2 billion) and an implementation timeline from 2025 to 2030.
The development will centre on Tuy Duc Commune, Lam Dong, sourcing ore from Mine Cluster No. 4, while the electrolysis plant is planned along the Binh Thuan coastline. Energy from both thermal and renewable sources is expected to benefit the coastal location and support large-scale production.
National resource strategy
This announcement closely follows Vietnam’s strategic resource diversification plan. On 9 August 2023, the Ministry of Industry and Trade confirmed plans to open three new bauxite sites in Lang Son and Cao Bang by 2030. The combined ore capacity is projected at 1.55 to 2.25 million tonnes per year. This forms part of a broader move to extract between 6.8 and 11.2 million tonnes annually from key Central Highlands provinces.
Vietnam currently holds the world’s second-largest bauxite reserves at 5.8 billion tonnes, according to the US Geological Survey.
Industrial and environmental impact
Vietnam’s provincial leaders hailed the MoU as a “strategic milestone” in advancing deep-processing industries and strengthening the country’s position in the global aluminium value chain.
This collaboration will open new opportunities for Duc Giang to master advanced deep-processing technologies, increase the value of national resources and develop a modern, green and sustainable aluminium industry, said Mr Dao Huu Huyen, Chairman of Duc Giang Chemicals Group.
The strategy is aimed at enabling Vietnam to capture more value locally, instead of exporting the raw ore, reflecting global trends towards green and circular manufacturing.
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