Binh Thuan Department of Industry and Trade has recently submitted a petition to the Provincial People’s Committee for official approval of Binh Thuan’s national project “Titanium-ore processing center” in target of ramping up the local industrial production value, especially in domain of titanium-ore exploitation, processing and using properly for Binh Thuan’s future socioeconomic growth.

Initially, the locality put single-minded focus on developing the North and South of Binh Thuan province to become a center for titanium-ore processing and tapping with the state-of-art technology so that its turnt-out products can meet the requirement of domestic and oversea standards for exportation in its first period by 2020.

It is expected that the Binh Thuan’s titanium-ore processing center will have reached the national-stature by the year of 2030 as long as the locality has a total investment capital of over VND 32,800 billion. Of the sum, infrastructure capital is estimated around VND 6,400 billion, equipments, other expenditure, standby capital and consultant charge are worth VND 14,326 billion and VND 8,275 billion, VND 2,271 billion, and VND 1,496 billion, respectively.