It is reported that Viet Nam National Coal and Mineral Industries Group signed a contract with a Chinese company to build an aluminum factory in Lam Dong Province.

Under the contract, China Aluminum International Engineering Corporation Limited will be responsible for building the USD 460 million aluminum factory, the first of its kind in the Central Highlands province. The aluminum factory will be the largest project in the Lam Dong Bauxite Aluminum Complex.

The aluminum factory will have a capacity of 600,000 tonnes of aluminum per year. Factory construction should be completed within 24 months.

According to Mr Doan Van Kien chairman of the board of management of VINACOMIN, signing marked the first step in developing Viet Nam’s aluminum industry.

Mr Kien said that VINACOMIN would work with partners to discuss the construction of another aluminum plant in Lam Dong, the Nhan Co factory. Construction is due to begin in the fourth quarter.