$BTC Vietnam is gradually stepping up its strategy to develop its bauxite resources, estimated at around 3.1 billion tons, the world's third-largest reserves after Guinea and Australia. The current focal point is Lâm Đồng Province, where Vietnam National Coal and Mineral Industries Group (TKV) has proposed a project spanning more than 6,666 hectares, with a total investment of around VND 5,205 billion, an expected capacity of 3 million tons of beneficiated product per year, and an operating term of 30 years. If implemented, the project is expected to contribute around VND 500 billion annually to the state budget and create jobs for about 800 workers. According to the proposed plan, construction could begin in 2028, with operations starting in 2029. This is not simply a matter of mineral extraction, but also a strategic challenge involving the aluminum industry and downstream processing, raw material security, and long-term economic competitiveness. However, the project is still undergoing reviews and assessments of land-use planning and environmental issues. Natural resources are an advantage, but processing technology and added value are the keys to turning buried treasure into national economic strength.
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