Sunday, August 20, 2017 - 20:47:17

Vinacomin targets 4.8 billion USD turnover

VNA Print

Ships are loading coal at the Cua Ong Coal Company in Quang Ninh ​province (Photo: VNA)
Hanoi (VNA) - The Vietnam National Coal and Mineral Industries Group (Vinacomin) anticipates a turnover of 110 trillion VND (4.8 billion USD) this year, along with an average salary of 9.1 million VND (404 USD) per worker.

Vinacomin said, during a conference to launch business plans for 2016, held recently in the Quang Ninh province, that it planned to mine 39.87 million tonnes of coal, while consuming 38 million tones.

The group also said they would strive to reach their targets this year, despite the challenges and difficulties.

Last year, Vinacomin and its units worked to stabilise production and income for labourers, while ensuring the companies' finances remain balanced. Its turnover in 2015 reached 105.5 trillion VND (4.68 billion USD), posting a three percent year-on-year rise. Of which, turnover from coal production was 53.6 trillion VND (2.38 billion USD) with estimated profits of 500 billion VND (22.2 million USD).

The company contributed VND12.5 trillion to the State budget, posting 8 percent higher tax revenues than in 2014.

The company employed 124,400 labourers last year, at an average salary of 8.6 million VND per month, an increase of 2.5 percent from the previous year.

Also, some 9.2 million workers were employed in coal production, which was 3.5 percent higher than in 2014.-VNA
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