Transforming TKV into a powerful economic group.

As one of the country's major economic groups, the Vietnam Coal and Mineral Industry Group (TKV) has consistently maintained its key position as one of the three pillars of energy, contributing to ensuring national energy security. The Group proactively innovates technology, applies advanced science and technology to production and mining, and develops sustainable long-term investment plans. With its continuous development, TKV has been contributing to the growth of Quang Ninh province in particular and the country in general.

With the strategic goal of developing TKV into a strong economic group playing a crucial role in the development of the state economy, Deputy Prime Minister Bui Thanh Son recently signed Decision No. 625/QD-TTg approving the TKV Development Strategy until 2030, with a vision to 2045. Accordingly, the strategy aims to maintain its key position as one of the three pillars of energy, contributing to ensuring national energy security; to sustainably exploit resources, with long-term sustainable investment plans consistent with Vietnam's commitment to achieving net emissions of "zero" by 2050.

The corporation operates under a market mechanism, using economic efficiency as the primary evaluation criterion, maintaining autonomy and accountability, and competing equally with other economic sectors in accordance with the law. According to the coal industry development orientation: Exploration must always be one step ahead; exploration and assessment of existing coal reserves must ensure reliability for mining design, combined with the acceleration of exploration of new mines to prepare a reliable resource for the stable and long-term development of coal production by TKV in particular and the coal industry in general. Innovation and application of advanced exploration technologies, especially in areas with complex geological conditions and great depths; continued search for research partners to select appropriate exploration technologies and methods for the Red River Delta coal basin.

Cua Ong Coal Mining Company is currently stepping up its coal supply to customers.

TKV develops open-pit mines in a way that increases the stripping ratio, in accordance with relevant economic, technical, and planning conditions; and carries out waste disposal work in a way that maximizes the use of internal waste dumps.

TKV (Vietnam Coal and Mineral Group) has spearheaded all aspects of the project, from bauxite exploration and exploitation to the development of the alumina-aluminum production industry. This has created momentum for the development of Vietnam's aluminum industry and contributed to economic development in the Central Highlands provinces. This is based on investments in expanding the capacity of the Tan Rai and Nhan Co alumina complexes to approximately 2.0 million tons of alumina per year per complex. New investments include the Dak Nong 2 bauxite-aluminum-aluminum complex with a capacity of 2.0 million tons of alumina per year and 0.5 million tons of aluminum per year, and an aluminum electrolysis plant project in Lam Dong province with a capacity of 0.5 million tons per year.

Regarding the development of the power industry: Renovate, upgrade, and modernize the technology of existing coal-fired power plants to utilize low-quality coal resources, and complete investment projects already included in the Power Development Plan VIII.

Over the years, with the attention, support, and timely assistance from Quang Ninh province, along with the continuous efforts and high determination of the coal industry's workers and staff, TKV has achieved remarkable development, contributing to the overall development of the nation and Quang Ninh province. For example, in 2024, despite facing numerous difficulties, especially the devastation caused by Typhoon No. 3, the entire workforce, guided by the tradition of "Discipline and Unity," leveraged their internal strengths, actively engaged in labor, production, and business emulation, maximizing coal and mineral production to meet the country's economic development needs. The Group's total revenue in 2024 reached 169 trillion VND; the average monthly salary for employees reached nearly 18 million VND, with underground coal miners earning over 20 million VND per person.

In 2025, TKV is determined to overcome difficulties, stabilize production and business, and strive to produce and sell 50 million tons of coal; including 2 million tons for export and 13.2 million tons for import; achieving total revenue of 172.8 trillion VND; a profit of 3.4 trillion VND; contributing 25 trillion VND to the state budget; and ensuring an average employee income of over 18 million VND/person/month.

To achieve its 2025 targets, in the first quarter, TKV focused on directing its units to recover as much clean coal as possible, while also developing plans for importing and blending to meet consumption needs, especially for thermal power plants. TKV produced over 10 million tons of clean coal, consumed 12.8 million tons of coal, and generated 2.8 billion kWh of electricity, thereby contributing to the economic growth targets of the whole country in general and Quang Ninh province in particular.

With the approved strategy to develop TKV into a strong economic group, along with the existing foundation, the efforts, determination, and spirit of "Discipline and Unity" of all workers and staff, it is certain that TKV will achieve breakthrough development in the coming time.

Peace

Source: https://baoquangninh.vn/dua-tkv-thanh-tap-doan-kinh-te-manh-3349672.html