The Lam Dong Aluminum-Bauxite Complex Project of the Vietnam Coal and Mineral Industries Group (Vinacomin) has exported 411,000 tonnes of aluminum since operation began in December 2013.
The Lam Dong Aluminum-Bauxite Complex Project of the Vietnam Coal andMineral Industries Group (Vinacomin) has exported 411,000 tonnes ofaluminum since operation began in December 2013.
Theinformation was released at a Bauxite Complex Project’s meeting in thecentral highlands province of Lam Dong on August 15.
In the past seven months alone, the company shipped abroad a record high 251,000 tonnes of aluminum. According to Vinacomin’s representatives, these aluminum products wereexported to many markets such as Switzerland , the Republic ofKorea , Singapore , China , and Hong Kong.The group is currentlyexpanding into Malaysia and in the Middle Eastern countries.
In domestic market, Vinacomin provided 100 tonnes of aluminum products per month to local customers.
The Tan Rai Bauxite Plant has produced nearly 352,000 tonnes ofalumina products and 533,000 tonnes of aluminium hydroxide since itbegan operations in October last year. The plant is projected to surpassthe benchmark of 500,000 tonnes of aluminum products (equivalent to70-80 percent designed capacity) by the end of this year.
The plant is scheduled to be in full operation next year./.
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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
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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.
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PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
