Vietnam’s mining industry is taking a turn towards a greener future as it looks like the path forward is paved with sustainability. Leading the charge is Vietnam National Coal and Mineral Industries Holding Corporation (TKV), which has laid out an ambitious roadmap to modernise its operations and align with the country’s goal of achieving net-zero emissions by 2050.
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But can an industry traditionally known for its environmental challenges really turn a new leaf? If TKV’s latest strategy is anything to go by, the answer is a resounding ‘yes’.
TKV’s game plan revolves around technology. Digital solutions like enterprise resource planning (ERP) systems and automation are being deployed to improve efficiency and cut waste. At the heart of this transformation are key projects such as the Tan Rai and Nhan Co alumina initiatives, aiming for one million tonnes of annual output. The Bokai-Alumina-Aluminum project in Dak Nong province is expected to produce another 2 million tonnes per year, while an aluminium electrolysis plant in Lam Dong province is projected to churn out 500 thousand tonnes annually.
These investments are about meeting demand while positioning Vietnam as a major alumina production hub in Southeast Asia. Given the country’s rich bauxite reserves, the potential is undeniable.
One of the standout elements of TKV’s strategy is its commitment to sustainable mining practices. The company is focusing on advanced processing and exploration techniques that minimise environmental impact. There’s also a push to divest underperforming subsidiaries, allowing TKV to streamline operations and focus on high-yield industrial activities.
While coal has long been Vietnam’s dominant resource, TKV is looking beyond it. The company is ramping up mineral processing and chemical production, including raw materials for explosives. This diversification is key to long-term stability, especially as global energy markets shift towards renewables and cleaner alternatives.
Moreover, TKV is eyeing regional expansion, with plans to cater to markets in Laos, Cambodia, and Indonesia. By broadening its reach, the company is ensuring it remains competitive in a fast-evolving industry.
Sustainability in mining isn’t just about cleaner extraction methods — it’s also about optimising resource use.
TKV embraces a circular economy model, integrating coal, electricity, and metallurgy production to reduce waste and improve efficiency. The plan includes increasing renewables, reducing reliance on hazardous chemicals, and developing recycling technologies to repurpose waste products.
With global demand for minerals and metals showing no signs of slowing down, thanks to booming industries like renewable energy and high-tech manufacturing, Vietnam is well-positioned to capitalise on its rich resources. However, success will depend on how well the country’s mining sector can balance economic ambitions with environmental responsibilities.
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