Vinacomin to cut 2021 coal imports to 1.4 million tonnes
The Vietnam National Coal - Mineral Industries Holding Corporation (Vinacomin) plans to reduce its coal imports in 2021 to 1.4 million tonnes, heard a conference on January 5.
Quang Ninh (VNA) - The Vietnam National Coal - MineralIndustries Holding Corporation (Vinacomin) plans to reduce its coal imports in2021 to 1.4 million tonnes, heard a conference on January 5.
It also targets posting 123.88 trillion VND (5.35 billion USD) in turnover and3 trillion VND in profit, while maintaining wages and coal sales andexploitation at 2020 levels.
To that end, it has mapped out 12 specific solutions, focusing on developingmines with large output, market forecasting, and coal and mineral exploration.
The corporation will also push ahead with scientific-technological application,increase productivity, raise product quality, and seek new investment projects whilenot investing in external sectors.
Chairman Le Minh Chuan told the conference that 2020 turnover stood at 123.42trillion VND, exceeding the adjusted target by 1 percent and equivalent to 89percent of the result recorded in 2019.
Profit was 2.6 trillion VND, reaching the target set and equivalent to half of 2019’sfigure.
Vinacomin contributed 19.3 trillion VND to the State budget during the year,surpassing the target by 2 percent.
It produced 38.47 million tonnes of raw coal, imported 9.65 million tonnes, andsold 42 million tonnes, he said, adding that about 15 million tonnes are in stockpile./.
The coal industry is considered a bright spot in helping the northern province of Quang Ninh maintain its economic growth in 2020 despite the impact of the COVID-19 pandemic, according to the provincial People’s Committee.
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) completed its twin target of fighting the COVID-19 pandemic and maintaining production and business in the first quarter of this year, according to its Chairman Le Minh Chuan.
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Illustrative image (Source: VNA) 
