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.
The Vietnam Coal and Mineral Industries Group (TKV) 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. (Photo: VNA)
Hanoi (VNA) – The Vietnam Coal and Mineral Industries Group (TKV) hasඣannounc🐻ed 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 thesame period last year.
Of the total revenue, its earning from coal reached 16.33trillion VND, 17.3% of this year’s plan and up 48% over the same period of lastyear. During the months, the group produced 5.71 milliontonnes of coal, reaching 14.6% of the planned volume this year and equaling89.6% of the same period in 2022. It sold 7.27 million tonnes, accounting for 15.6% ofthe planned volume and equaling 109.4% over the same period in 2022. The groupimported 1.24 million tonnes, equal to 13.5% of the planned volume for thewhole 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 averagemonthly salary of 15.7 million VND and that it has paid 7.47 trillion VND tothe state budget, equaling 36.6% of this year’s plan. According to the TKV, coal demand for power generation in February 2023remained 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, thegroup 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 about120,000 tonnes or 91% of the monthly operating plan and equal to 96% of that inthe same period last year./.
The Ministry of Industry and Trade has suggested the Government remove coal-fired plants with a capacity of 14,120 megawatts from Power Development Plan VIII (for 2021-30), which is currently being drafted.
Vietnam’s coal imports are forecast to rise to meet domestic production demand, according to a draft strategy for developing the coal industry in Vietnam recently introduced by the Ministry of Industry and Trade (MoIT).
Vietnam must prioritise the development of its mining sector with a focus on the implementation of science and technology, particularly digitalisation, said researchers and industry leaders during a conference held in Hanoi on October 4.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
The Vietnam Coal and Mineral Industries Group (TKV) 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. (Photo: VNA) 
