Business

Vinacomin strives to earn 2 trillion VND in pre-tax profit in 2020

The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) is striving to earn 2 trillion VND (86 million USD) in pre-tax profit this year.
Vinacomin strives to earn 2 trillion VND in pre-tax profit in 2020 ảnh 1Vinacomin aims to produce 24.9 million tonnes of coal and sell 60.7 million tonnes to gross a total revenue of over 114.3 trillion VND (4.9 billion USD). (Photo: VNA)


Hanoi (VNA) – The VietnamNational Coal-Mineral Industries Holding Corporation Limited  (Vinacomin)is striving to earn 2 trillion VND (86 million USD) in pre-tax profit thisyear.

Itaims to produce 24.9 million tonnes of coal and sell 60.7 million tonnes to grossa total revenue of over 114.3 trillion VND (4.9 billion USD).

Torealise the targets, Vinacomin will push ahead with equitisation and divestmentthis year, while continously improving productivity and income for workers.

Itwill review the porfolio of investment projects in 2020 and only select ones that areessential for business and production activities.

Vinacominwas listed among the top 500 largest enterprises in Vietnam (VNR500) in 2019.

Its coal production was 40.5 million tonnes in2019, while coal sales reached 44 million tonnes. The corporation raked in 4trillion VND in profit, around 1 trillion VND higher than the target./.

VNA
#Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) #pre-tax profit #coal production #Vietnamplus #Vietnam News Agency
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