On September 11, 2018, Viet Phuong Group (VPG) of Vietnam reportedly inked a contract with the Lao Government for exploiting and processing bauxite ore and building an alumina factory in Sekong province of Laos, in presence of VPG General Director Phuong Minh Hue.
Hue thanked the authorities of Laos and Sekong for supporting her firm over the last 10 years to carry out the agreement on bauxite exploration inked with the Lao Government.
This upcoming project will be Vietnam’s biggest investment assignment of about US$ 650 million in the mining industry of Laos so far. Located in Dakcheung district of Sekong, this project will cover nearly 100 square kilometres of land. It is part of the roadmap for implementing the agreement on economic, cultural, and scientific-technical cooperation between the Vietnamese and Loa Governments.
It is expected to boost the socio-economic development and contribute to the expansion of relevant infrastructure in relating localities. Besides, it is projected to help ensure security-defence in areas with bauxite mines, particularly in Sekong province and the Cambodia-Laos-Vietnam Development Triangle Area.
Minh Hue said the successful implementation of this project would add a development to the Lao economy and help increase the proportion of industry in the local economy and industrialise and modernise the country.
She called for support from the Lao Party, Government and people for project implementation assuring that VPG would carry out this project successfully so as to help implement the two countries’ socio-economic development cooperation programme and reinforce their special friendship.
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