Construction of the Bauxite-Alumina Mining Industrial Complex began in Sekong’s Dakcheung district on 19 December.
According to Vietnamnet, the project would cover an area of 8,692 hectares and would be operational for about 30-50 years. The Bauxite mine, which has an annual capacity of 1 million tonnes, is also reportedly worth USD 1 billion.
This is the largest mining project investment by Vietnam in Laos and the Chairwoman of the Board of Directors and General Director of Viet Phuong Group, Ms. Phuong Minh Hue promised the successful execution of the project.
She said the project would contribute to the socio-economic development of isolated and disadvantaged parts of the Sekong, as well as strengthen bilateral economic links between the two countries, especially in the Laos-Cambodia-Vietnam development triangle.
Vietnamese Ambassador to Laos, Mr. Nguyen Ba Hung also expressed his hope that local Lao authorities would assist in the implementation of the project so that it could achieve its goals and also create jobs for local workers.
At the stone-laying ceremony for the project in May, the Sekong Governor, Mr, Leklay Sivilay, said that once the project is completed, it will be a key component in driving economic-social growth, alleviating poverty, and raising the living conditions of the people of Sekong.