These projects would include construction of an alumina refinery, a plant supplying electricity for the refinery and a factory producing aluminium products.

The two companies signed a co-operation agreement earlier this week.

"Dongyang Gangchul will conduct a feasibility study, expected to cost US$200k, on building an alumina refinery and then advise Vinacomin on a suitable location and technologies," said Vinacomin General Director Le Minh Chuan.

Chuan said it was important to accelerate work with foreign companies to speed up development of the country's aluminium industry.

Vinacomin is also developing the Nhan Co alumina refinery plant in the Central Highland province of Dak Nong. The construction of the plant will be finished in late 2012.

Source Vietnam News