Dak Nong Heads for Sustainable Development

In recent years, slow domestic and global economic recovery, weak internal resources, lacklustre business performances, and slow-moving projects have dragged on the social and economic development of Dak Nong province. Dak Nong province has instructed and carried out many solutions to complete development objectives in the 2010-2015 period, said Mr Le Dien, Chairman of the Dak Nong Provincial People's Committee. Thanh Tam reports. Could you tell us the major outstanding accomplishments that Dak Nong province has achieved in four years of implementing the Resolution of the 10th Provincial Party Congress of the 2010-2015 term? In the 2010 - 2015 period, most socioeconomic development indicators of Dak Nong province met or exceeded expectations. The average annual economic growth was 12.41 percent. Per capita income more than doubled to VND32.75 million in 2014 from VND15.88 million in 2010. The economic structure changed positively. High-tech agricultural development programmes were … [Read more...]

Dak Nong Industrial Zones Actively Dealing with Difficulties

Despite being a core accelerator of the industrialisation, the investment for the construction of industrial zones in Dak Nong province is incomplete, thus worrying many investors when they consider registering investment and carrying out their business operations in the province. As a result, the occupancy rate at industrial zones is quite low. Dak Nong province now has Tam Thang Industrial Park (Cu Jut district), Nhan Co Industrial Park (Dak R'Lap) and five small-scaled industrial complexes. The 179.5-ha Tam Thang Industrial Park, the first of its kind in Dak Nong, cost VND191.3 billion (mounting to VND307 billion in December 2014 due to inflation). The zone, invested by Tam Thang Industrial Park Development Company, completed some basic items. In the end of 2014, the investor had spent VND224 billion, 72.9 percent of the total value of VND307 billion. As of October 2014, Tam Thang Industrial Park drew 30 projects from 27 enterprises, of which 27 projects, including one FDI project, … [Read more...]

Vietnam has big plans for aluminum industry

VietNamNet Bridge – Vietnam plans to double the production capacity of the Tan Rai and Nhan Co projects to 2.6 million tons of alumina per annum. The Prime Minister’s recent working visit to the Central Highlands bauxite complex confirmed the great potential of bauxite exploitation there and aluminum industry development. Analysts once looked at Tan Rai and Nhan Co alumina projects with dubious eyes. However, it is obvious that domestic demand for alumina to make aluminum has become far higher than the output Tan Rai and Nhan Co can provide. The alumina output at the Central Highlands complex will not be enough for domestic use in the next three years. Time for a new industry A report of the Ministry of Industry and Trade (MOIT) showed that Vietnam has to import 100 percent of aluminum it needs, about 500,000 tons a year, worth $1.2 billion. The demand will increase rapidly as a result of the government’s policy on speeding up the development of support … [Read more...]

Greenlight given to Tan Rai alumina plant equitization

The Saigon Times Daily Its equitization will make it possible for private and strategic investors to take part in plans to expand the plant and enable it to process value-added products and make steel from the sludge from the processing of bauxite, Dung said while he was inspecting the Tan Rai bauxite exploitation and alumina production project site on Tuesday. The Prime Minister told Vinacomin to prepare to raise the capacity of the plant, create jobs for locals, and care about the impact of the project on the environment, Vietnam News Agency reports. The Tan Rai bauxite exploitation and alumina production project has an annual capacity of 650,000 tons of alumina. As part of the project, the plant was commissioned in 2013 and turned out 485,000 tons of alumina last year. Most of the plant’s output is for export with revenue of US$160 million last year. Vinacomin has clinched contracts to sell products to 11 companies in Switzerland, Singapore, South Korea, China and … [Read more...]

PM Dung takes tour of Tan Rai bauxite complex

Prime Minister Nguyen Tan Dung inspected the Bauxite-Aluminum Tan Rai Lam Dong Complex and the Nhan Co Aluminum Factory during a trip yesterday to Dak Nong Province. Prime Minister Nguyen Tan Dung (M) inspects the Bauxite-Aluminum Tan Rai Lam Dong Complex and the Nhan Co Aluminum Factory during a trip yesterday to Dak Nong Province. — VNA/VNS Photo Duc Tam Viet Nam National Coal-Mineral Industries Group (Vinacomin) owns the Tan Rai project, which has the capacity to produce 650,000 tonnes of aluminum per year. The complex has three components: mineral extraction, sorting plants and an aluminum factory. After operating for a year, the Tan Rai project in 2014 had churned out 485,000 tonnes of aluminum. In 2015, the project is expected to produce 540,000 tonnes of aluminum. According to Vinacomin, the group earned US$160 million in 2014 exporting 490,000 tonnes of aluminum to 11 countries and territories, including Switzerland, Singapore, South Korea, China and Hong … [Read more...]

Government News 10/2

Deputy Defence Minister hosts outgoing Russian official Deputy Defence Minister, Senior Lieutenant General Truong Quang Khanh hosted outgoing Chief Representative of the Russian Federal Service for Technical-Military Cooperation to Vietnam Anatoly Chuprynov in Hanoi on February 9. The host expressed his appreciation for Chuprynov’s contributions to boosting the traditional friendship and comprehensive strategic partnership between Vietnam and Russia. He also hopes that Chuprynov, in his new position, will continue enhancing the bilateral relationship. The guest pledged to foster the camaraderie between the two armies and people upon returning to his home. Party inspection commission to be enhanced Party General Secretary Nguyen Phu Trong has expressed his desire that the Party Central Committee’s Inspection Commission will perform its functions more effectively as a part of preparations for the upcoming all-level Party Congresses. Holding a year-end working session … [Read more...]

PM assigns socio-economic tasks to Dak Nong

Scene at the working session in Dak Nong. Photo: VNA Prime Minister Nguyen Tan Dung assigned a number of socio-economic development tasks to the Central Highlands province of Dak Nong during a working session with local authorities on February 9. Dak Nong has been requested to adjust its farmland planning, especially for high-value plants such as rubber, coffee and macadamia nuts, while embracing advanced technology in production and processing. As natural and economic forests account for 48 percent of the total coverage, the Prime Minister asked Dak Nong to restructure 16 of its plantations and transfer additional forest plots to ethnic minority groups in a bid to improve their livelihoods. Directing the development of bauxite processing industry, the leader urged the province to put the Nhan Co aluminium factory into operation later this year and launch other aluminium projects. He also advised developing tourism services, especially eco-tourism, due to the region’s … [Read more...]

Coal sector urged to ensure sufficient domestic supply

The Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) should focus on increasing production to ensure sufficient domestic coal supply and reduce the risks of an energy shortage. Speaking at the January 13 conference on implementing the 2015 tasks, Deputy Prime Minister Hoang Trung Hai said coal exploration and exploitation should work in tandem with development in other local economic sectors, such as the environment and tourism. The Deputy PM requested Vinacomin apply advanced technology to increase productivity and efficiency, evaluate coal in reserves in the Red River Delta, while developing projects on aluminium, titanium, and other rare earth minerals. The sector set a consumption plan of 38 million tonnes of coal, including three million tonnes for export, and an output of at least 8.6 billion kWh in 2015, said Vinacomin General Director Dang Thanh Hai. The group expanded its production from the outset of this year to meet domestic demand while … [Read more...]

Coal Industry to Accelerate Restructuring

Right from the beginning of 2014, Vinacomin has been following the practical situation closely, focusing on directing the implementation of operating plan measures in 2014 and carrying out the restructuring under Decision 314/QD-TTg dated on 7th February 2013 of the Prime Minister.PV … [Read more...]

Promoting the development of bauxite industry

​The project covers an area of 114 hectares; the construction is expected to be complete in 2 years with a total investment of 575 million USD. ​On September 4th, Dak Nong aluminum electrolysis plant officially held the ground-breaking ceremony. This is the important project on the first deep processing of minerals and production of aluminum metal in Vietnam, invested by Tran Hong Quan Metallurgy Co.,Ltd in Nhan Co Industrial Park, Dak R'lap district, Dak Nong province. This is the national priority project, confirming the vision of the Government in the approval of zoning plan for exploration, exploitation, processing and use of bauxite ore in the period of 2007 - 2015; a vision towards 2025 will bring many practical meanings, contributing to raising the awareness, culture, national defense, social order in local level and Central Highlands. … [Read more...]

Construction starts on US$ 575 mln aluminum plant

Bulldozers began clearing the 114-ha site for the construction of the US$ 575 million Dak Nong aluminum smelting plant in this Central Highland province on September 4. The inauguration ceremony (Photo: SGGP) At the inaugural ceremony for the project, Trade and Industry Minister Vu Huy Hoang said the plant will be the first of its kind in Viet Nam to produce aluminum bars and play an important role in the sustainable socio-economic development of the Central Highlands. Hoang added that the plant, with a capacity of 450,000 tons, will also play an important role in the comprehensive development of domestic bauxite exploitation and aluminum production projects. Tran Hong Quan Trading Ltd Company is investing in the construction and development of the plant at Nhan Co Industrial Park in Dak R'Lap district, Dak Nong province and is expected to be completed in two years. The Nhan Co alumina project, which the Vietnam National Coal and Mineral Industries Holding Corporation will put … [Read more...]

Construction starts on 575-mln USD aluminium plant

Bulldozers began clearing the 114-ha site for the construction of the 575-million USD Dak Nong aluminium smelting plant in this Central Highland province on September 4. At the inaugural ceremony for the project, Trade and Industry Minister Vu Huy Hoang said the plant will be the first of its kind in Viet Nam to produce aluminium bars and play an important role in the sustainable socio-economic development of the Central Highlands. Hoang added that the plant, with a capacity of 450,000 tonnes, will also play an important role in the comprehensive development of domestic bauxite exploitation and aluminum production projects. Tran Hong Quan Trading Ltd Company is investing in the construction and development of the plant at Nhan Co Industrial Park in Dak R'Lap district, Dak Nong province and is expected to be completed in two years. The Nhan Co alumina project, which the Vietnam National Coal and Mineral Industries Holding Corporation will put into operation, will be supplying … [Read more...]

Construction starts on $575m aluminium plant

DAK NONG (VNS) - Bulldozers yesterday began clearing the 114-ha site for the construction of the US$575-million Dak Nong aluminium smelting plant in this Central Highland province. At the inauguration ceremony for the project, Trade and Industry Minister Vu Huy Hoang said the plant would be the first of its kind in Viet Nam to produce aluminium bars and would play an important role in the sustainable socio-economic development of the Central Highlands. Hoang added that the plant, with a capacity of 450,000 tonnes, would also play an important role in the comprehensive development of domestic bauxite exploitation and aluminum production projects. Tran Hong Quan Trading Ltd Company is investing in the construction and development of the plant at Nhan Co Industrial Park in Dak R'Lap District, Dak Nong Province and is expected to be completed in two years. The Nhan Co alumina project, which the Viet Nam National Coal and Mineral Industries Holding Corporation will put into operation, … [Read more...]

Construction of $575m ?a(‘k Nong aluminium plant begins

Dak Nong Power Plant in Aluminum Project (aluminum smelting project) by Tran Hong Quan Trading Limited Company as an investor officially launched in Nhan Co industrial zone (Dak R'lap district).- Photo bizlive DAK NONG - Bulldozers on Thursday began clearing the 114-hectare site for the construction of the US$575-million Dak Nong aluminium smelting plant in this Central Highland province. At the inauguration ceremony for the project, Trade and Industry Minister Vu Huy Hoang said the plant would be the first of its kind in Viet Nam to produce aluminium bars and would play an important role in the sustainable socio-economic development of the Central Highlands. Hoang added that the plant, with a capacity of 450,000 tonnes, would also play an important role in the comprehensive development of domestic bauxite exploitation and aluminum production projects. Tran Hong Quan Trading Ltd Company is investing in the construction and development of the plant at Nhan Co Industrial Park in Dak … [Read more...]

Construction of $575m Dak Nong aluminium plant begins

Dak Nong Power Plant in Aluminum Project (aluminum smelting project) by Tran Hong Quan Trading Limited Company as an investor officially launched in Nhan Co industrial zone (Dak R'lap district).- Photo bizlive DAK NONG (Biz Hub) - Bulldozers on Thursday began clearing the 114-hectare site for the construction of the US$575-million Dak Nong aluminium smelting plant in this Central Highland province. At the inauguration ceremony for the project, Trade and Industry Minister Vu Huy Hoang said the plant would be the first of its kind in Viet Nam to produce aluminium bars and would play an important role in the sustainable socio-economic development of the Central Highlands. Hoang added that the plant, with a capacity of 450,000 tonnes, would also play an important role in the comprehensive development of domestic bauxite exploitation and aluminum production projects. Tran Hong Quan Trading Ltd Company is investing in the construction and development of the plant at Nhan Co Industrial … [Read more...]

Dak Nong: aluminum plant asked to be complete by year end

Investors and contractors of the Nhan Co Aluminum project in the Central Highlands of Dak Nong have been asked to put the plant into trial operation by the end of 2014. The request was made on July 31 by a working mission of the steering committee for the implementation of bauxite plants in Central Highlands under the Ministry of Industry and Trade while inspecting the project's progress. According to the project management board, to date over 12 trillion VND (564 million USD) has been poured into facilities, accounting for 73 percent of the total investment (16.8 trillion VND). However, the progress is one and a half years slower than schedule. All imported equipment and over 80 percent of locally-made ones have been transported to the project site for installation. Head of the ministry's Heavy Industries Department Nguyen Manh Quan acknowledged efforts of the Vietnam National Coal and Mineral Industries Group (Vinacomin) - the project's investor - as well as the local … [Read more...]

Diversifying Machinery Supply Sources

After 12 years of deploying the Vietnam Engineering Industry Development Strategy to 2010, with a vision to 2020, the production value of engineering industry in 2013 reached VND700 trillion, accounting for 20 percent of total industrial production. The sector reported to earn US$1.6 billion from engineering exports in 2006 to US$13 billion in particular. However, the mechanical engineering industry now lacks of capital and materials for production and development. Engineering industry is heavily affected Mr Nguyen Van Thu, Chairman of the Vietnam Association of Mechanical Industry (VAMI), said, without no market, most industrial projects used contractor appointment mechanism or low-priced mechanism and most projects were grasped by Chinese contractors. From 2003 to 2011, China was EPC contractors of five out of six chemical projects, all two mineral processing projects, 49 out of 62 cement projects, and a lot of transportation projects. China is also general contractors of 16 out … [Read more...]

Vinacomin posts 18% increase in H1 turnover, profit declines

Vinacomin is expected to show VND600 billion (US$28.5 million) profits, meeting 30 per cent of this year's target. - File Photo HA NOI (Biz Hub) - The Viet Nam National Coal and Minerals Industries Group's (Vinacomin) turnover in the first half of the year was VND55.3 trillion ($2.6 billion), representing 18 per cent year-on-year increase. Vinacomin is expected to show VND600 billion (US$28.5 million) profits, meeting 30 per cent of this year's target. Vinacomin's Deputy General Director Nguyen Van Bien told a press conference in Ha Noi on Thursday that the low profit was due to increasing taxes and fees imposed on the group. Bien said that from the beginning of February, tax on natural resources rose two per cent, making the group pay VND1 trillion more in a year. In addition, it also had to pay more than VND1 trillion a year to get the rights for exploration. "The increasing taxes and fees, together with unchanged coal prices in the domestic market for the past three years … [Read more...]

Dak Nong attracts projects worth $71 million

Nhan Co bauxite project. - Photo nld DAK NONG (Biz Hub) - The central highlands province of Dak Nong has granted investment licences to 22 projects with a total capital of VND1.5 trillion or US$71 million in the first half of 2014. The province's investment promotion centre said on July 1 that the Viet Nam National Coal and Mineral Industries Group was the biggest investor with its Nhan Co bauxite project, which has a registered capital of VND722 billion. The Nguyen Kim Trading and Apartment Complex and the International Hospital were the two biggest domestic projects with a total investment of VND7.2 trillion or $34.3 million. The province has received only nine Foreign Direct Investment projects with an investment of $34.29 million. In a meeting with the province's People's Committee early this year, Korea's Intellect Company proposed to invest in a solar cell plant. - VNS … [Read more...]