Vietnam’s International Mining and Mineral Recovery Exhibition 2022 will take place in Hanoi from 4 to 6 October with various activities to support enterprises.
Masan High-Tech Materials Corporation on October 26 signed definitive agreements to establish a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation with an objective to develop a leading, high-tech tungsten materials platform.
Japanese firm Asia Pile Holding, through its member Phan Vu Investment Corporation, will purchase a 51-per cent stake in Fecon Mining Joint Stock Company, the largest pre-stressed concrete pile producer in the north of Vietnam.
Twenty eight firms, including Formosa Ha Tinh Steel Corporation (FHS) and Nui Phao Joint-venture Co., Ltd., are subject to special environmental control under the scheme on special environment control implemented by the Ministry of Natural Resources and Environment (MoNRE).
“Despite the drop in mining and oil output, Viet Nam’s economy continues to perform well, driven by its twin engines of export-orientated manufacturing and rising domestic consumption,” said Eric Sidgwick, The Asian Development Bank (ADB)'s Country Director for Viet Nam.
Catastrophic consequences of titanium mining as well as tremendous impacts on the environment of Binh Thuan province are expected to be serious, according to scientists.
The trade ministry plans to increase oil and gas revenues by 8-10 percent this year.
