Vinacomin mines 24.58 million tonnes of coal in 8 months
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced 24.58 million tonnes of coal in the first eight months of the year, accounting for 68.3 percent of the annual plan.
Coal at a mine in Quang Ninh province. Vinacomin has produced 24.58 million tonnes of coal in the first eight months of the year, accounting for 68.3 percent of the annual plan.(Photo: VNA)
Hanoi (VNA) – The Vietnam National Coal and Mineral IndustriesGroup (Vinacomin) has produced 24.58 million tonnes of coal in the first eightmonths of the year, accounting for 68.3 percent of the annual plan.
Of the total output, 21.38 million tonnes were consumed domestically while866,000 tonnes were exported, raking in over 35.3 trillion VND (1.55 billion USD)in revenue.
In September, the group plans to mine 2 million tonnes of coal and sell 2.5million tonnes, including 2.34 million tonnes in the domestic market and155,000 tonnes for export.
Building a production and business plan for 2018 in accordance with the marketdemand and rational inventory balance will be the main target of the group.Vinacomin will pay due attention to its restructuring, with a focus placed on renovatingtechniques and technologies, organisation and management system, finance andworkforce.
In addition, Vinacomin will also tighten management of natural resources andproduct quality, and join hands with local authorities to prevent coal losses.-VNA
Deputy Prime Minister Vuong Dinh Hue has asked ministries to supervise operations of Vinacomin after its poor production and business performance in 2015-16, according to Government portal chinhphu.vn.
The Vietnam National Coal-Mineral Industries Group (Vinacomin) and the Japan Oil, Gas and Metals National Corporation (Jogmec) on May 29 agreed to enhance production capacity and safety.
Vinacomin must cut costs to become competitive and find buyers for its stockpile of 9.3 million tonnes of coal, Prime Minister Nguyen Xuan Phuc’s working group said.
Representatives of the PetroVietnam Securities Incorporated (PSI) and the Vinacomin Power Holding Corporation told an investors’ conference on July 26 that they were encouraged by investors’ interest shown in purchasing Vinacomin shares.
Listed coal producers recorded profits during the 2nd quarter and first half of 2017, but the second half of the year may not be so promising due to large stockpiles, adverse weather and barriers.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.