Work starts on Vietnam’s FDI biggest project in Lao Sekong province

Work on construction of a bauxite-alumina mining industrial complex, one of Vietnam’s largest projects in Lao, began in Dakcheung district, the southern Lao province of Sekong, on December 19, 2022.
Work starts on Vietnam’s biggest project in Lao province
Work starts on Vietnam’s FDI biggest project in Lao Sekong province: The ground-breaking ceremony for the project on December 19, 2022 (Photo: VNA)

It is the biggest foreign-invested project in Sekong province.

Covering 8.692ha, the bauxite mine worth 1 billion USD has an annual capacity of 1 million tonnes. It is expected to operate for 30 years and could be extended to 50 years.

Chairwoman of the Board of Directors and General Director of Viet Phuong Group Phuong Minh Hue pledged to bring success to the project, contributing to socio-economic development in remote and disadvantaged areas of Sekong province and bilateral economic ties between the two nations, especially in the Vietnam – Laos – Cambodia development triangle.

Vietnamese Ambassador to Laos Nguyen Ba Hung wished that Lao authorities from local to central levels would actively help Viet Phuong Group achieve its goals and generate jobs for local workers, thus contributing to Lao socio-economic development and the local living conditions.

On the occasion, an office for the complex’s management was opened.

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(Source: VNA)