Mineral group’s coal revenue up 48% in first two months

The Vietnam Coal and Mineral Industries Group (TKV) has announced that in the first two months of this year, it earned 25.2 trillion VND (1.06 billion USD) in revenue, accounting for 15% of this year’s plan and up 27.8% over the same period last year.
aa
Mineral group’s coal revenue up 48% in first two months
The Vietnam Coal and Mineral Industries Group (TKV) produced 5.71 million tonnes of coal (Photo: VNA)

Of the total revenue, its earning from coal reached 16.33 trillion VND, 17.3% of this year’s plan and up 48% over the same period of last year.

During the months, the group produced 5.71 million tonnes of coal, reaching 14.6% of the planned volume this year and equaling 89.6% of the same period in 2022.

It sold 7.27 million tonnes, accounting for 15.6% of the planned volume and equaling 109.4% over the same period in 2022. The group imported 1.24 million tonnes, equal to 13.5% of the planned volume for the whole year.

By the end of last month, the total coal inventory is estimated at about 5.2 million tonnes.

The group also announced that its workers have an average monthly salary of 15.7 million VND and that it has paid 7.47 trillion VND to the state budget, equaling 36.6% of this year’s plan.

According to the TKV, coal demand for power generation in February 2023 remained high. Some thermal power plants asked for more coal than the volume in the contracts for the first half of this year.

Regarding coal for chemical fertiliser production, the group provided 160,000 tonnes to fertiliser and aluminum producers, making up 75% of the monthly operating plan and 110% of the same period last year.

In addition, coal for cement producers reached about 120,000 tonnes or 91% of the monthly operating plan and equal to 96% of that in the same period last year./.

en.vietnamplus.vn

Đọc thêm

Giang Dien Industrial Park offers prime land near Long Thanh Airport

Giang Dien Industrial Park offers prime land near Long Thanh Airport

Clean land funds in prime southern industrial locations are becoming increasingly scarce as competition intensifies, with sites near Long Thanh International Airport drawing strong investor interest.
Viconship acquires real estate company

Viconship acquires real estate company

Vietnam Container Shipping, a leading logistics provider, announced the acquisition of a 65 per cent equity interest in Harbour City Co. Ltd on March 16, to implement a real estate project in Haiphong city.
Hanoi plans financial centres in Hoan Kiem and Nhat Tan

Hanoi plans financial centres in Hoan Kiem and Nhat Tan

Hanoi is planning to develop financial centres in Hoan Kiem and the Nhat Tan as part of its long-term urban development strategy.
Sun Group takes controlling stake in Vietnam Digital Asset JSC

Sun Group takes controlling stake in Vietnam Digital Asset JSC

Sun Group has become the controlling shareholder in newly established Vietnam Digital Asset JSC, committing 64 per cent of its initial $40 million charter capital.
Hateco-APM consortium wins $1.76bn Lien Chieu port development in Danang

Hateco-APM consortium wins $1.76bn Lien Chieu port development in Danang

A consortium between Hateco and the Netherlands' APM Terminals will develop the Lien Chieu container port in Danang with an investment of $1.76 billion.
US investment firm PGP seeks deeper ties with Vietnam

US investment firm PGP seeks deeper ties with Vietnam

A delegation from US investment firm Pacific Gateway Partners has met with Vietnamese finance officials to discuss deepening bilateral cooperation.
Dien May Xanh plans IPO in 2026

Dien May Xanh plans IPO in 2026

Electronics retail chain Dien May Xanh, under Mobile World Investment Corp, plans an initial public offering by selling 180 million shares, or a 16 per cent stake.
Foxconn's Vietnam unit raises registered capital

Foxconn's Vietnam unit raises registered capital

A Foxconn subsidiary in Vietnam has increased its charter capital by nearly $40 million across two separate adjustments in early 2026.
Xem thêm