Vietnam’s mining giant eyes sale of 50 million tonnes of coal this year
The Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) aims to sell 50 million tonnes of coal and generate 172.8 trillion VND (6.78 billion USD) in revenue in 2025.
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| Coal production in Quang Ninh province. (Source: tapchinuoc) |
Vinacomin plans to produce over 38 million tonnes of raw coal while importing 13.2 million tonnes. The corporation expects to gain more than 3.4 trillion VND in profit.
In addition, the company will strive to fully meet its production and business targets, contributing to the rational and sustainable development of Quang Ninh province’s mining industry and completing the plan for the 2021-2025 period as approved by the Government.
According to Vinacomin Chairman Ngo Hoang Ngan, the corporation will focus on increasing imports, expanding its production scale, and enhancing intensive processing to meet consumption demand. It will also implement plans to streamline operations, advance digital transformation, and improve management of costs and technological standards.
Last year, the mining giant produced 37.2 million tonnes of coal and sold 46.8 million tonnes, contributing over 17.6 trillion VND to the local state budget, accounting for 111% of its annual target.
(Source: VNA)
