Vietnamese government authorises bauxite projects

July 25, 2023 | 10:49

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According to Decision No.866/QD-TTg 2023, approved on July 18 by Deputy Prime Minister Tran Hong Ha, Vietnam will have eight bauxite processing projects, 19 exploration projects related to bauxite, and eight to ten new bauxite mines by 2030.

Vietnamese government authorises bauxite projects

As reported by the United States Geological Survey in 2022, Vietnam has the second-largest aluminium bauxite ore reserves in the world, with 5.8 billion metric tonnes primarily concentrated in the Central Highlands.

The master plan stipulates that from 2021 to 2030, bauxite exploration and extraction must be coupled with intensive processing, therefore, only investors with substantial capacity, modern technology, and an emphasis on environmental protection will be selected.

Enterprises will be encouraged to investigate and implement red clay recycling and discharge technologies during the processing phase, and new electrolysis-based aluminium production initiatives must implement market-based electricity pricing to encourage the use of renewable energy sources.

The government wants implementation of the master plan to be synchronised with the growth of traffic infrastructure, environmental safety, electricity and water supply, national defence and security, and biodiversity conservation in the Central Highlands.

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Thanh Hoa Department of Planning and Investment is calling for investors to join the mineral hot spring resort urban project with the total investment capital of VND6.1 trillion ($265.2 million).

Marine planning set for NA approval

The marine spatial planning is being assigned to the Ministry of Natural Resources and Environment and will be submitted to the National Assembly for approval.