The “aluminum mountain” with reserves of 1.8 million tons in My Xuan B1 Industrial Park (Ba Ria – Vung Tau) is large enough to end the current global shortage. However, it cannot be used.
In 2019, a warehouse of 1.8 million tons of aluminum was prevented from being exported by Vietnam within the framework of an anti-dumping investigation initiated by the US, targeting Chinese billionaire – Luu Dien Trung – who was once destined for the United States. “King of Aluminum”. Until now, the investigation has not ended, this “aluminum mountain” is still being kept at the warehouse of Vietnam Global Aluminum Co., Ltd., (My Xuan B1 Industrial Park, Tan Thanh, Ba Ria – Vung Tau) under supervision. of protection.
Vietnam Global Aluminum Co., Ltd. is thousands of square meters wide, all four sides are built with concrete walls, iron fences, barbed wire.
Security forces and guards are present from the inside out. At the same time, Vietnam Global Aluminum Co., Ltd. also installed a camera system around to participate in 24/24 monitoring.
Around the campus of Vietnam Global Aluminum Co., Ltd., all the “aluminum mountains” are being preserved outdoors for many years. Each “aluminum mountain” can be tens of meters long, 3-4 meters high.
All “aluminum mounts” are raw aluminum. Besides serving the investigation, a small part of this aluminum has been put into production activities of Vietnam Global Aluminum Co., Ltd.
The huge aluminum factory and warehouse is located in an area of tens of thousands of square meters.
The number of “aluminum mountains” is estimated to be worth up to 5 billion USD, completely enough to quench the “thirst for aluminum” worldwide after the current Covid-19 pandemic. However, so far it is still “under cover” because there is no official comment from the investigation. In 2019, Mr. Nguyen Van Can – Director of the General Department of Customs shared in Tuoi Tre newspaper: Vietnam Customs has actively coordinated with US Customs and agents of the Ministry of Homeland Security. The US to “prevent” businesses from taking advantage of low tax rates to export shipments to the US, avoiding the risk of US investigation and imposition of taxes on products exported from Vietnam. “The US Customs side said that even if businesses use tricks to import aluminum bars, aluminum ingots, and finished aluminum products, they are put into the furnace to be melted into aluminum ingots and then rolled into aluminum bars, they are not eligible to have Vietnamese origin. enjoy preferential treatment” – Mr. Can shared.
Regarding the solution, Mr. Can said that the enterprise must bear the full storage fee for the aluminum inventory, under the supervision of the functional force until the aluminum is exported. If the business takes this aluminum out for domestic consumption, the customs will handle the tax problem.
Meanwhile, in 2019, Assoc. Prof-Dr. Dinh Trong Thinh shared his concern in Youth Newspaper that: “Chinese aluminum disguised as Vietnam is becoming a big problem of import and export related to the US and Vietnam. The biggest worry is that after steel, Vietnamese aluminum may be punished with anti-dumping tax high enough to “die” an industry.
Satellite image of “aluminum mountain” in Vietnam. (Image: Google Earth)
T&G International Joint Stock Company
Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi
Hotline: 0345786803
Email: hrm@tginterjsc.com
Website: http://tginternationaljsc.com
Satellite image of “aluminum mountain” in Vietnam. (Image: Google Earth)
