The Vietnam Coal and Mineral Industries Group (TKV) has announced that in the first two months of this year, it earned VND25.2 trillion (US$1.06 billion) in revenue, accounting for 15 per cent of this year’s plan and up 27.8 per cent over...
Viet Nam imported about 23 million tonnes of coal between the beginning of the year and July 15 worth US$2.17 billion, according to the General Department of Customs.
Viet Nam National Coal and Mineral Industries Group (Vinacomin or TKV) recorded revenue of VND69.8 trillion (US$3 billion) in the first eight months of this year, the company has announced.
The domestic coal sector is going through a tough time owing to serious competition from cheap imported coal, the Ministry of Industry and Trade (MoIT) said.
The Viet Nam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) should have a suitable structure to develop its members to become a strong economic group, said Trinh Dinh Dung, deputy Prime Minister.
Viet Nam''s coal sector is facing decreasing exports and competition from
imported coal, Nguyen Khac Tho, deputy director of the General
Directorate of Energy under the Ministry of Industry and Trade, said
yesterday at a conference in Ha Noi on coal imports and...
Viet Nam National Coal-Mineral Industries Holding Corporation Limited
(Vinacomin) will hasten its restructuring efforts to overcome this
difficult period, with more job cuts planned this year, local news
reported.
Deputy Prime Minister Trinh Dinh Dung has asked relevant ministries and
agencies to put forth proposals to ease difficulties for Viet Nam
National Coal-Mineral Industries Holding (TKV).
The total capital demand of the domestic coal sector by 2030 would be
around VND269 trillion (US$11.9 billion), 2.5 times less compared with
the previous master plan.
The coal industry must invest VND18-19 trillion (US$857-$904 million)
to complete production on schedule, according to Nguyen Van Bien, Deputy
General Director of the Viet Nam National Coal-Mineral Industries Group
(Vinacomin).
The profits of the Viet Nam National Coal and Mineral Industries Group
(Vinacomin) in the first nine months of the year is expected to reach
VND1.2 trillion (US$57.1 million).