Coal corporation speeds up implementation of key projects
The Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin) is speeding up investments in key projects to ensure the corporation’s sustainable development in 2021.
Hanoi (VNA) – The Vietnam National Coal - Mineral IndustriesHolding Corporation Limited (Vinacomin) is speeding up investments in keyprojects to ensure the corporation’s sustainable development in 2021.
According to Vinacomin President and CEO Dang Thanh Hai,despite impact of the COVID-19 pandemic and natural disasters, Vinacominachieved positive results.
Last year, Vinacomin produced 38.47 million tonnes of rawcoal, imported 9.65 million tonnes, and sold 42 million tonnes.
Its 2020 turnover stood at 123.42 trillion VND (5.35 billionUSD), exceeding the adjusted target by 1 percent and equivalent to 89 percentof the result recorded in 2019.
Profit was 2.6 trillion VND, reaching the target set andequivalent to half of 2019’s figure.
Vinacomin contributed 19.5 trillion VND to the State budgetduring the year, surpassing the target by 2 percent.
The corporation also ensured employment and incomes for morethan 96,000 employees.
This year, Vinacomin plans to reduce its coal imports in2021 to 1.4 million tonnes.
It also targets posting 123.88 trillion VND (5.35 billionUSD) in turnover and 3 trillion VND in profit, while maintaining wages and coalsales and exploitation at 2020 levels.
To that end, it has mapped out 12 specific solutions,focusing on developing mines with large output, market forecasting, and coaland mineral exploration.
The corporation will also push ahead withscientific-technological application, increase productivity, raise productquality, and seek new investment projects while not investing in externalsectors./.
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Illistrative image (Photo: VNA) 
