The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) is striving to achieve sustainable development and improve competitiveness, the Vietnam Economic News reported.

According to a report by the Vinacomin-Institute of Mining Science and Technology, in recent years, Vinacomin has been very interested in the application of science and technology in production and business activities.

The corporation has developed 10 key scientific and technological programmes, contributing to ensuring labour safety and hygiene as well as effectively using resources and energy towards sustainable development.

According to Vinacomin-Institute of Mining Science and Technology Director Tran Tu Ba, in the first nine months of this year, research and development activities and scientific and technological services have achieved good results. Total value of output reached an estimated 220 billion VND, equal to 88 percent of the yearly plan. Of which, revenues from technology transfer and service contracts stood at 138 billion VND while sales from production and business activities totalled 55 billion VND.

Vinacomin has encouraged young workers to participate in the creative movement. Initiatives to be applied in practice have brought high efficiency, contributing to improving product value.

According to Vinacomin General Director Dang Thanh Hai, in order to create a breakthrough in the application of science and technology in production, the corporation would concentrate on enhancing labour productivity, reducing production costs and improving the competitiveness in the coming time.

In terms of information technology, the corporation will apply IT in all fields of production and businesses such as managing flows of coal and minerals. These applications must be implemented uniformly in the corporation.

The renewal of business administration, the development of international relations and the market expansion are also the corporation’s top priorities.-VNA