Vinacomin reports VND2.5 trillion in profits

SGGP
Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) reported that last year its revenue was estimated to reach VND109.2 trillion and profit went up VND1.5 trillion over 2016 to top VND2.5 trillion (US$111 million).

Nhan Co Alumina plant

Nhan Co Alumina plant

Explaining reason for the huge profit at a conference in Hanoi yesterday, the corporation said that alumina brought VND8.6 trillion contributing to the revenue of VND12,150 billion from minerals of Vinacomin.
Vinacomin has equitized 61 businesses since 1998 and reduced 18,000 workers since 2012. This year, it plans to cut an extra of 4,500 workers.
Stating at the conference, Deputy Prime Minister Trinh Dinh Dung required Vinacomin to conduct comprehensive restructuring to develop into a strong economic group with modern technology and management.
In addition, he urged the corporation to improve competitive ability and operate efficiently to uphold its leading role to meet coal demand for domestic economic sectors and ensure national energy security.

By VAN PHUC – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.