Bauxite projects contribute to Central Highlands’ development: PM
Two pilot bauxite projects in Lam Dong and Dak Nong provinces have significantly contributed to the Central Highlands' development in recent years, which is a premise to consider the expansion of bauxite exploitation and processing in the region, said Prime Minister Nguyen Xuan Phuc at a meeting in Hanoi on April 16.
Hanoi (VNA)♓ - Two pilotbauxite projects in Lam Dong and Dak Nong provinces have significantlycontributed to the Central Highlands' development in recent years, which is apremise to consider the expansion of bauxite exploitation andprocessing in the region, said Prime Minister Nguyen Xuan Phuc at a meeting inHanoi on April 16.
The meeting aims to review the 10-yearimplementation of the Politburo’s conclusion on planning, zoning off forexploration, exploitation and processing of bauxite ore during the 2007-2015 period, witha 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. They have earned profits since 2017, one year ahead of schedule. The per capita income of local residents has increased to 65 million VND (2,775 USD) per year at present from 17 million VND (725.9 USD) before 2007, the meeting heard.
PM Phuc said that in the future, if thealuminum industry is developed based on the two projects, it must be closely linked to the market in order to ensure economic efficiency bymobilising potential businesses in various sectors to jointly invest in projects.
Besides roads, it is necessary to study thedevelopment of other ways of transportation from the aluminum factories in theCentral Highlands to seaports, as well as promote the application of newtechnologies to treat red mud (bauxite residue after alumina has beenextracted), PM Phuc said.
ꩵ He emphasised that to ensure sustainabledevelopment of the aluminum and aluminium smelting industry, specialattention must be paid to environmental protection, security and defence,social order and safety, and particularly protecting the living environment forCentral Highland people, including mountains, forests, water, air and uniqueculture of ethnic minorities./.
The Nhan Co alumina plant in Dak Nong province is expected to stimulate economic development in southern Central Highlands in general and in Dak Nong in particular.
The Dak Nong Aluminum Company under the Vietnam National Coal and Mineral Industries Group (Vinacomin) and relevant authorities recently announced the Nhan Co bauxite project in Dak Wer and Nghia Thang communes, Dak R’Lap district, the Central Highlands province of Dak Nong.
Authorities in the Central Highlands province of Dak Nong have asked the Dak Nong Aluminum Company to ensure that aluminum powder is not released into the environment.
The Dak Nong Aluminium Company in the Central Highlands province of Dak Nong, part of the Vietnam National Coal and Mineral Industries Group, has earned 50 million USD from exporting 140,000 tonnes of aluminum and 24,000 tonnes of hydrate so far this year.
Upgrades will be made to all key roads in the Central Highlands region from now to 2020 with a view to boosting local socio-economic development, according to the Ministry of Transport.
Prime Minister Nguyen Xuan Phuc has advised the Central Highlands province of Dak Nong to capitalize on its strengths in agriculture, tourism, and mining for its future overall development.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.