Vinacomin restructuring plan gets a nod

VGP The PM has agreed with the master planning of the Viet Nam National Coal � Mineral Industries Holding Corporation Limited (Vinacomin) in the 2017-2020 period.

The project targets to convert Vinacomin into a powerful economic group with modern technology and administrative models, high rates of specialization, simple and reasonable organization, higher labor productivity, better product quality, cutting-edge competitiveness. Vinacomin will play a vital role in handling domestic demands for coal in economic sectors; contributing to ensuring national energy security; building harmonious relations among workers and businesses.

Under the project, the group will specialize in coal industry, mining � metallurgy industry, power industry, and explosive material industry.

Relevant sectors will comprise mechanical industry, chemical industry, building material industry, port management and exploitation, mining construction, transport, geological exploitation, technical consultations, technology, science, investment, goods assessment, healthcare, prevention and response to mining incidents, environmental protection.

Vinacomin will conduct capital withdrawal at 16 enterprises.

Source: Online Newspaper of the Government of the Socialist Republic of Vietnam