THACO's $4.4 billion Vietnam bauxite-alumina push to cement aluminum ambition pathway

Source: AL Circle May 26, 2026 17:25

The Vietnamese industrial conglomerate Truong Hai Auto Corporation (THACO) is accelerating its ambitions in the country's bauxite and alumina sector, unveiling a slate of proposed mining and processing projects in Lam Dong Province worth an estimated USD 4.4 billion. The proposal indicates the company's long-term strategy to solidify its imprint across the aluminum value chain of Vietnam, from the upstream ore extraction to the downstream processing and industrial manufacturing.

The proposal surrounds the planned Lam Dong 2 alumina complex, also known as the THACO alumina plant. Spanning about 804 hectares, the venture is aimed at producing up to 2 million tonnes of alumina annually and carries an approximate investment of VND 49.66 trillion (USD 1.9 billion). If the

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