At a meeting last Sunday, the company (TKV or Vinacomin) reviewed the feasibility study for the project, which would add a second production line with a designed capacity of 1.2 million tons of alumina a year.

The project is classified as a Group A investment and Grade I construction project. Its products would include sandy alumina for aluminum smelting, targeting both the domestic and export markets.

Major components would include an alumina production line, energy facilities, a coal gasification unit, dry red-mud treatment and storage systems, water supply infrastructure, a 110-kV power line, and other supporting facilities.

The expansion would continue to use the low-pressure Bayer process while incorporating updated technologies to improve efficiency, reduce raw material and energy consumption, and limit emissions. The design would make extensive use of infrastructure already developed for the plant's first phase, while strengthening integration between the two production lines.

The project would also seek to recover and reuse heat, water and caustic soda, while increasing automation in plant management and operations.

The feasibility study estimates basic construction taking 45 months. The plant is expected to operate for 30 years.

Once operational, the expanded facility is estimated to generate average annual revenue of about VND12.74 trillion ($488.68 million), directly employ more than 500 workers, and create 1,000 indirect jobs.

At the meeting, participants reviewed the project's legal framework, technology and equipment selection, raw material availability, water, power and coal supply, environmental safeguards, investment costs, financial returns, and implementation schedule.

TKV chairman Ngo Hoang Ngan said the project is strategically important to the group's minerals and metallurgy development plans. He called for the feasibility study to be prepared carefully and comprehensively, focusing on modern, integrated, and safe technology, economic efficiency, and full compliance with regulations.

Ngan also asked project planners to make maximum use of existing infrastructure, closely assess environmental impacts, and scrutinize the availability of raw materials and energy, as well as the project's financial assumptions and overall feasibility.

In the first six months of 2026, Vinacomin earned VND94.15 trillion ($3.61 billion), up 6.2% year-on-year and reaching 54.8% of the year's target. It posted VND3.06 trillion ($117.37 million) in consolidated profit, equivalent to 60% of the goal, while contributing VND14.6 trillion ($560 million) to the state budget.

During January-June, raw coal extraction reached 19.55 million tons, while coal sales totaled 27.38 million tons, up 7% year-on-year. Alumina production topped 702,000 tons, and electricity generation neared 5.8 billion kWh.