Vinacomin sets to sell 49 million tonnes of coal in 2020
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in 2020, a year-on-year surge of 10 percent, according to Vinacomin Deputy Director General Nguyen Hoang Trung.
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in 2020. (Photo: VNA)
Hanoi (VNA) – The Vietnam National Coal-Mineral Industries HoldingCorporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in2020, a year-on-year surge of 10 percent, according to Vinacomin Deputy DirectorGeneral Nguyen Hoang Trung.
He said that the corporation expects to gain 138 trillion VND (5.95 billionUSD) in total revenue, compared to the 131.5 trillion VND recorded in 2019.
This year, it plans to produce 40.5 million tonnes of coal, the same of volumeof the last year, and import around 10.2 million tonnes.
In a bid to realise the target, the corporation will improve logistic servicesto facilitate import-export activities, upgrade its warehouse facilitiessystem, and streamline labourers to reduce costs.
Last year, it strengthened mechanisation to reduce labour-intensive work andincrease productivity to meet rising domestic demand for coal. Besides renewingits business management model, it invested heavily in science-technology toimprove efficiency.
As a result, coal production last year was 40.5 million tonnes, while coalsales reached at 44 million tonnes. The corporation raked in 4 trillion VND inprofit, around 1 trillion VND higher than the target./.
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The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in 2020. (Photo: VNA) 
