Business

Vinacomin targets 5.5-6 percent growth in revenue

The Vietnam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) strives to achieve an annual average revenue growth of 5.5-6 percent in the 2016-2020 period.
Vinacomin targets 5.5-6 percent growth in revenue ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The Vietnam National Coal – Mineral Industries HoldingCorporation Limited (Vinacomin) strives to achieve an annual average revenuegrowth of 5.5-6 percent in the 2016-2020 period.

According toVinacomin’s five-year business production and investment plan approved by thePrime Minister, the company aims to produce 42 million tonnes of coal andreduce the loss rate of coal exploited from underground mines by 5-20 percentby 2020.

It will alsowork to satisfy the domestic demand and ensure national energy security.

The companyplans to import nearly 8-9 million tonnes of coal to serve economic sectors athome, especially electricity generation.

It moves toput into operation thermal and hydropower coal plants with a total output of10.2 million kWh, accounting for over 4-5 percent of the country’s totalelectricity.

Vinacominwill reform production technologies in the chemical industry to supplyindustrial explosive material and drilling and blasting services for coal andmineral production, as well as improve the production capacity at mechanicalfactories.-VNA

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