The Vietnam National Coal and Mineral Industries Group (Vinacomin) and Dongyang Gangchul Company of the Republic of Korea (RoK) will cooperate in an aluminium production project.

An agreement to this effect was signed between the two firms in Hanoi on Oct. 26.

The project includes an aluminium electrolysis plant and an accompanying power plant, plus an aluminium production facility.

Addressing the signing ceremony, Vietnamese Deputy Minister of Industry and Trade Le Duong Quang stressed that the RoK is an important partner of Vietnam in economic development cooperation.

The RoK is the 4 th largest export market of Vietnam . The country has 2,800 investment projects in Vietnam with a combined value of over 23 billion USD.

RoK Ambassador to Vietnam Ha Chan-ho expressed hope that cooperation between the two firms would bring practical benefits to both countries./.