Business

Coal sector sees positive prospect in 2022

With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomin) will capitalise on advantages and turn challenges into opportunities, said its Chairman of Member Council Le Minh Chuan.
Coal sector sees positive prospect in 2022 ảnh 1Chairman of Vinacomin Member Council Le Minh Chuan speaks at the event. (Photo: VNA)

Hanoi (VNA) – With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal –Mineral Industries Group (Vinacomin) will capitalise on advantages andturn challenges into opportunities, said its Chairman of Member Council Le MinhChuan.

During aconference reviewing Vinacomin’s 2021 performance and launching 2022 tasks inHanoi on January 19, Chuan said the group will closely follow the Government’s Resolution No.01/NQ-CP on key tasks and measures for 2022 socio-economic development and Statebudget estimate. 

Vinacomin will push ahead with set plans to carry out theGovernment’s action programme for the implementation of the Politburo’sResolution No.55-NQ/TW dated February 11, 2020 on strategic orientations tonational energy development till 2030 with a vision to 2045, he said.

Accordingto him, Vinacomin willeffectively use natural resources and gradually switch from the model “linear economy” to “circulareconomy” for sustainable growth.

Chairman of the Commission for the Management of StateCapital at Enterprises (CMSC) Nguyen Hoang Anh said Vinacomin’s proposals will beconsidered by the CMSC, ministries, agencies and localities and reported to thePrime Minister if they are beyond their authority to make it easier forVinacomin to fulfill 2022 tasks in the coming time.

This year, Vinacomin sets the goals of earning 131.6 trillionVND (5.72 billion USD) in revenue, up 2 percent from 2021, contributing 18.1 trillionVND to the State budget and raking in 3.5 trillion VND in profit.

It willalso strive to sell 43 million tonnes of coal, including 41.2 million tonnes athome and 1.8 million tonnes for export, exploit 39.1 million tonnes of coaland generate 9.6 billion kWh of electricity./. 

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