Trillions of VND needed for industrial mineral sector

Hanoi (VNA) - The Ministry of Industry and Trade (MOIT) has approved a master plan with a total value of over 2,500 billion VND to improve the industrial mineral sector in order to better meet the demands of export and domestic production.

The plan will create zones for the exploration, exploitation, processing
and use of industrial minerals, including serpentin, barit, grafit, fluorit,
bentonit, diatomit and talc by 2015 with a vision to 2025.

According to the MOIT, capital for the plan will be mobilised from a
number of sources. The state budget will invest in technology infrastructure
adjacent to the exploitation zones, large-scale refinements and scientific
studies, while ore exploiting and processing projects in
economically-disadvantaged areas will be given access to state credit.

To mobilise sufficient capital for the plan, the ministry plans to enforce
the decentralisation of resources management, encourage all economic sectors
and foreign investors in the ore exploitation and processing
industries.-Enditem