October 07, 2008

RUSAL to invest in Binh Phuoc province of Vietnam

It is reported that Russia’s United Company RUSAL is looking to invest in a hydro electric power plant and a bauxite aluminum factory in southern Binh Phuoc province of Vietnam.

Mr Evegen V Volosov head of RUSAL’s representative office in Viet Nam have worked with the Binh Phuoc People’s Committee on the proposed projects. He said the planned bauxite aluminum plant will have an output of 750,000 tonnes per year, noting that if approved, the two projects will create stable jobs for thousands of workers.

Mr Nguyen Tan Hung chairman of the People’s Committee pledged to facilitate the implementation of the project once it receives the nod from the government.