Vinacomin targets 5.5-6 percent growth in revenue

Hanoi (VNA) – 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.

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

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

The company plans to import nearly 8-9 million tonnes of coal to serve economic sectors at home, especially electricity generation.

It moves to put into operation thermal and hydropower coal plants with a total output of 10.2 million kWh, accounting for over 4-5 percent of the country’s total electricity.

Vinacomin will reform production technologies in the chemical industry to supply industrial explosive material and drilling and blasting services for coal and mineral production, as well as improve the production capacity at mechanical factories.-VNA