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TKV (Vietnam Coal and Mineral Industries Group): 10 months of 2022 revenue increased by 20%, trying to ‘finish soon’


In 10 months of 2022, Vietnam Coal and Mineral Industries Group (Vinacomin – TKV) is estimated at 133.2 trillion VND, up 20% over the same period in 2021. In which, coal revenue is 80.3 trillion VND, 22% increase over the same period last year.

High revenue thanks to flexible adaptation to the market

Facing the market’s challenges in the 10 months of 2022, especially the third quarter of 2022, TKV has made great determination to overcome difficulties, focusing on improving labor productivity, reducing product costs, and improving productivity. high competitiveness in the market; Prominent among them is “Policy one, measure 10, determination 20”.

According to Mr. Phan Xuan Thuy – Deputy General Director of TKV Group, 10 months of 2022, the group’s revenue is estimated at 133.2 trillion VND, up 20% compared to the same period in 2021. In which, coal revenue reached 80,3 trillion dong, up 22% over the same period. State budget contribution was estimated at 17.5 trillion VND, up 13% over the same period.

Implementing the Government’s policy of “Adaptiveness and flexibility”, Vinacomin has made great efforts to overcome difficulties, be creative, proactively develop new production strategies, and make better use of the State’s preferential policies and investment projects to remove difficulties, maintain production and development.

The change of management method, construction and adjustment of production and business plans in line with actual conditions helped the amount of raw coal reach 33.53 million tons, equaling 102% over the same period; coal consumed 38.7 million tons, equaling 106.4 percent over the same period in 2021.

In addition, keeping pace with the “wave” of digital transformation and constantly promoting automation has helped TKV save human resources, reduce intermediate labor stages, cut costs, and save money. ensure income for workers. Currently, the whole group has 94,064 employees, down 470 people compared to the beginning of the year; in which the underground block reduced 28 people, the open-air block reduced 230 people, the remaining units reduced 212 people. Average salary 14.42 million VND/person/month; in which coal production is 15.03 million VND/person/month.

“Sprinting” to complete the year-end target

The guideline of “discipline and concentricity” has always been treasured, promoted and fostered by generations of mining and coal industry people to turn challenges into opportunities, especially in a volatile economic period like the present. In response to the rapidly evolving and increasingly complex climate change, the coal industry in general and TKV Group in particular have actively adjusted production and business strategies to adapt in a timely manner, gradually improving the appropriate production structure.

On a strong growth momentum, in the fourth quarter of 2022, TKV strives to produce 10 million tons of raw coal, 40.5 million tons for the whole year, reaching 103.6% of the plan; coal imports 1.6 to 2 million tons, the whole year 4.7 to 5.1 million tons, reaching 100% of the plan; coal consumption reached 11.16 million tons, the whole year reached 47 million tons, reaching 109% of the plan…

Mr. Le Minh Chuan – Chairman of the Board of Members of TKV Group asked the units in the group to prepare for the 2023 plan; focus on peeling land, digging pits, preparing resources and production areas for 2023; maintain safety in production, reduce occupational accidents.

To achieve the above goals, TKV will focus on solutions to balance coal production and import in the fourth quarter of 2022, meeting the coal demand of thermal power plants from the beginning of 2023. Besides, the corporation continues to monitor the world coal price movements; manage coal prices for domestic consumers according to the market mechanism, taking into account price stabilization. The whole bar industry also conducts a demand assessment of coal users, forecasts the market early in 2023 to adjust the coal consumption plan in 2022 and plans for coal consumption in 2023.

In order to concretize the emulation goals, Mr. Dang Thanh Hai – General Director of TKV Group said: “In order to well implement the tasks of the fourth quarter of 2022, the Party Committee of TKV Group directs the units to promote investment and develop production, strengthen risk management, remove difficulties for units; develop projects on human resource development from senior officials to direct workers; implement the development strategy motto “Speed is stronger than scale” to build the development strategy of TKV”.

Accordingly, Vinacomin will continue to strengthen measures for disease prevention, control, risk management, etc., in accordance with the new situation, with new strength, new speed, not to be passive or unexpected in all circumstances. The Corporation strives to promote the role of each affiliated enterprise with the spirit of “every worker, labor is the center, the subject in safe production”; be more proactive in flexible response, disease control, and risk control. At the same time, Vinacomin persistently implements the motto “3 first”, “4 on the spot”, preventive, active, proactive, remote, early, from the grassroots; implementing safe and flexible adaptation, effectively controlling the Covid-19 epidemic and stably developing production and business, ensuring the safety of employees.

According Vietnamnet

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