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Vinacomin Sets 10% YoY Increase in Coal Sales Target in 2020

Coal News - Published on Wed, 08 Jan 2020

Image Source: Vinacomin
The Vietnam National Coal-Mineral Industries Holding Corporation Limited is set to sell 49 million tonnes of coal in 2020, a year-on-year surge of 10 percent. Vinacomin Deputy Director General Nguyen Hoang Trung said “The corporation expects to gain VND 138 trillion (5.95 billion USD) in total revenue, compared to the VND 131.5 trillion recorded in 2019. It plans to produce 40.5 million tonnes of coal, the same of volume of the last year, and import around 10.2 million tonnes.”

In a bid to realise the target, the corporation will improve logistic services to facilitate import-export activities, upgrade its warehouse facilities system, and streamline labourers to reduce costs.

Last year, it strengthened mechanisation to reduce labour-intensive work and increase productivity to meet rising domestic demand for coal. Besides renewing its business management model, it invested heavily in science-technology to improve efficiency. As a result, coal production last year was 40.5 million tonnes, while coal sales reached at 44 million tonnes. The corporation raked in 4 trillion VND in profit, around 1 trillion VND higher than the target.

Source :

Posted By : Yogender Pancholi on Wed, 08 Jan 2020
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