TH Group to invest $3.6b in high-tech agriculture and mining in Đắk Nông
According to a memorandum of understanding signed at a conference on planning and investment promotion of Đắk Nông Province held in the province on March 23, this group will invest in minerals, renewable energy, high-tech agriculture and other fields.
TH Group Joint Stock Company plans a total investment of US$3.6 billion in many fields in Đắk Nông Province.
According to a memorandum of understanding signed at a conference on planning and investment promotion of Đắk Nông Province held in the province on March 23, this group will invest in minerals, renewable energy, high-tech agriculture and other fields.
Thái Hương, founder and chairwoman of TH Group Strategy Council, said Đắk Nông has the advantage of bauxite minerals to produce alumina and aluminium. Đắk Nông is the province with the largest volume of bauxite minerals in Việt Nam at 1.7 billion tonnes, accounting for 30 per cent of Việt Nam's reserves.
Besides that, aluminium production requires a lot of electricity, and Đắk Nông also has the potential to produce renewable energy such as wind power and solar power, ensuring adequate energy sources for aluminium production from exploitation to processing.
Đắk Nông has some other potential fields such as processing industry, including in the mining, agricultural and forestry sectors; supporting industry; tourism and nursing care. — VNS
