Coal sector sees positive prospect in 2022

Chairman 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 and turn challenges into opportunities, said its Chairman of Member Council Le Minh Chuan.

During a conference reviewing Vinacomin’s 2021 performance and launching 2022 tasks in Hanoi 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 State budget estimate. 

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

According to him, Vinacomin will effectively use natural resources and gradually switch from the model “linear economy” to “circular economy” for sustainable growth.

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

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

It will also strive to sell 43 million tonnes of coal, including 41.2 million tonnes at home and 1.8 million tonnes for export, exploit 39.1 million tonnes of coal and generate 9.6 billion kWh of electricity./.