LAM DONG — An aluminium-bauxite project in the Tay Nguyen （Central Highlands） province of Lam Dong should turn out its first batch of aluminium product in the second quarter of this year, according to the Viet Nam National Coal and Mineral Industries Group.
By the end of 2010, VND99.5 trillion had been invested in the project, accounting for 85 per cent of its total investment. A bauxite factory will also be put into operation in April this year.
Of this, Tan Rai Aluminium Bauxite Project has completed almost 90 per cent of work while Nhan Co Alumin Project is conducting a geological survey for the implementation of the remaining part.
HGCI opens office in Laos capital
HA NOI — The Ha Noi Gold Consultancy and Investment Joint-stock Co （HGCI） officially opened a representative office in Vientiane, Laos, last Sunday.
HGCI, a subsidiary of the Ha Noi Golden Investment （HGI）, operates in gold, property trading and stock investment with an initial charter capital of $689,000, and plans to raise its investment capital to $5 million by the end of 2011.
HGCI aims to provide effective investment consultancy and updated financial information services for local clients, according to Nguyen Doan Thang, general director of HGCI.
$42 million-invested beer facility opens
BA RIA-VUNG TAU — The Ha Noi - Vung Tau Brewery Company's new brewery in Ba Ria – Vung Tau Province began production yesterday.
The US$42 million, eight-hectare plant in the My Xuan A Industrial Zone has an annual capacity of 50 million litres of Hanoi and Carlsberg beers in the first phase.
The company is a joint venture between the Denmark-based Carlsberg, Viet Nam's State-owned Hanoi Beer and Beverage Corporation （Habeco）, and the Viet Nam Ceramics and Glass Corporation which holds a minor stake.
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