Vinacomin records highest growth in industrial sector in nine months
The Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) recorded a high growth of 14 percent in the first nine months of 2019, the highest level in the industrial sector.
As of the end of September, Vinacomin produced 30 million tonnes of coal, up 2.1 million tonnes compared to the same period last year. (Illustrative image. Source: VNA)
Hanoi (VNA) – The Vietnam NationalCoal and Mineral Industries Holding Corporation Limited (Vinacomin) recorded ahigh growth of 14 percent in the first nine months of 2019, the highest levelin the industrial sector.
As of the end of September, Vinacomin produced30 million tonnes of coal, up 2.1 million tonnes compared to the same periodlast year.
The group sold 33.41 million tonnes of coal, ayear-on-year rise of 8 percent, and provided 26.48 million tonnes of coal forthermal power plants, up 23 percent.
Its revenue surpassed 98.4 trillion VND (4.2billion USD) in January-September, up 17 percent year-on-year.
This year, Vinacomin sets a goal of producing 40million tonnes of coal and selling 42 million tonnes of coal.
The group strives to rake in 130 trillion VND(5.6 billion USD) in revenue and contributed 17.8 trillion VND to the Statebudget./.
The Vietnam National Coal-Mineral Industries Holding Corp., Ltd. (Vinacomin) loaded its first tonnes of coal onto the Viet Thuan Sky ship at Cam Pha port in the northern province of Quang Ninh on February 5 (the first day of the Lunar New Year).
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) had been working to meet the increasing demand for coal for electricity generation and production, Vinacomin’s general director Dang Thanh Hai said.
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) recorded its best production and business in the first quarter of this year since 2014, Vinacomin Deputy General Director Nguyen Hoang Trung has said.
Subsidiaries of the Vietnam National Coal and Mineral Industries Group (Vinacomin) churned out a total 14.86 million tonnes of crude coal in the first four months of 2019, a year-on-year rise of 11 percent, the group said on May 3.
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As of the end of September, Vinacomin produced 30 million tonnes of coal, up 2.1 million tonnes compared to the same period last year. (Illustrative image. Source: VNA) 
