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Vinacomin to Ensure National Energy Security

25/08/2015

Vinacomin targets its growth rate in total revenues for period 2015-2020 at 6.8%/year; development investment VND 20÷30 trillion/year; value increase at 5%/year; labor productivity increase at 4÷5%/year; income per worker increase at 3.5%/year.

"To set the overall objectives in the time to come, the Vietnamese industrial mining group (Vinacomin) upholds the tradition of "disciplined and determined organization", promotes the growth with sustainable development, maintains the role of strong economic Group, a pillar to ensure the national energy security so that it can contribute to the cause of building and defending the Fatherland" said Mr. Le Minh Chuan - Chairman of Consultant Council of Vinacomin at the second Party Congress, 2015-2020.

Reporting at the meeting, Mr. Le Minh Chuan announced that in 2011-2015, the total coal output reached 195.65 million tons of extraction, of which 192.3 million tons were for consumption. The electricity production reached 38.4 billion kWh, an increase of 4.77 times over the period 2006-2010.

Vinacomin targets its growth rate in total revenues for period 2015-2020 at 6.8%/year, development investment of VND20-30 trillion/year, value increase at 5%/year, labor productivity increase at 4-5%/year, and income per worker increase at 3.5%/year.

The main products in the 5 years from 2016 to 2020 are: coal sales 200.5 million tons; imported coal to supply for domestic market 40 ÷ 50 million tons.

Electricity production is targeted at 51,640 million kWh with a total capacity of 2,880 MW by 2020.

Trong Tan

 

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