Developing Vietnam's coal and mineral industry sustainably and modernly

With the goal of developing the Vietnam National Coal - Mineral Industries Group (TKV) into a strong economic group, contributing an important role to the development of the state economy; maintaining a key position as one of the three pillars of energy, contributing to ensuring national energy security; sustainable exploitation, having a long-term sustainable investment plan and in line with Vietnam's commitment to net emissions of "0" by 2050. The Group operates under a market mechanism, taking economic efficiency as the main evaluation criterion, being autonomous, self-responsible, and competing equally with other economic sectors in accordance with the provisions of law.

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Building a modern and highly specialized organizational, management and governance model, applying advanced science and technology, promoting the application of mechanization (CGH), automation (TĐH) and digital transformation (CĐS); developing high-quality human resources, promoting the tradition of "Discipline and Unity"; gradually implementing innovation and creativity in production and business based on the foundation of the main business lines and related lines according to the organization and operation charter of the Group.

In the period up to 2030, TKV will continue to play a leading role in the coal and mineral industry, contributing to stabilizing the supply for domestic manufacturing industries, while expanding the ability to export key products such as coal, bauxite, alumina, copper, zinc, iron, etc.

Not only stopping at the function of exploitation and supply, TKV is oriented to become a large-scale energy corporation, applying advanced technology, deeply integrating with the region and the world , contributing significantly to the process of energy transition and green growth of the country.

Determine the development model of TKV in the direction of "two pillars - three centers". In which, the first pillar is the exploitation, processing and supply of coal - mineral products to serve as input materials for domestic basic industries. The second pillar is the production and trading of electric energy, with a focus on expanding clean energy and renewable energy projects and participating in the competitive electricity market.

On that basis, TKV will gradually form three main coal production centers located in Quang Ninh, Thai Nguyen - Lang Son and Central - South Central. At the same time, the group will also build three large-scale non-ferrous metallurgy centers, linked to strategic mineral mines to increase added value. Along with that is a plan to develop specialized industrial zones in mining, metallurgy, mineral processing and integrated energy, to increase the efficiency of resource use and minimize environmental impacts.

The key issue in the strategy is to restructure the organization and corporate governance, aiming for a more modern and efficient operating model. TKV will gradually perfect the production organization model according to the value chain, reduce intermediate levels, and focus on key units and specialized hubs. Production units will be reorganized into centers according to industry sectors, ensuring flexible and effective coordination throughout the system.

In particular, TKV will pilot the construction of a technology and innovation company model in the mining sector, promote innovation in governance models, and apply science and technology to production and business activities. By 2045, TKV will become a multi-ownership corporation, operating under the parent company - subsidiary model with strong competitiveness domestically and internationally.

To realize the Strategy, the Government and TKV have identified 06 groups of synchronous and comprehensive solutions in many aspects such as: perfecting institutions and development policies. Ministries, sectors and localities will coordinate to build a system of mechanisms and priority policies suitable for TKV in accessing resources, expanding investment, protecting the environment and green transformation. The institutional system will also be synchronized with the energy and mineral sectors, creating a stable, transparent and favorable legal corridor for the group to operate in the long term.

Promote the application of science and technology and digital transformation. TKV will widely deploy smart mining technologies, automate production lines, manage with artificial intelligence, big data, as well as develop comprehensive digital management platforms from mining, operation to product consumption.

Developing high-quality human resources. The Group will develop a systematic human resource training strategy, cooperate with domestic and foreign institutes and schools to improve the technical, management and innovation skills of engineers, workers and managers.

Effectively mobilize financial resources. In addition to using its own capital, TKV will actively mobilize social capital through domestic and foreign financial institutions, list member companies, issue corporate bonds and seek appropriate forms of investment cooperation.

Strengthening international cooperation. TKV will proactively build relationships with the world's leading corporations in the energy and mineral sectors to learn technology, expand investment abroad, and gradually affirm its position in the global value chain.

Sustainable development is associated with social responsibility. TKV's strategy is committed to reducing greenhouse gas emissions, using resources efficiently, investing in post-exploitation environmental restoration and implementing social security programs for local people.

With a long-term vision to 2045, TKV strives to become a modern, sustainable energy and mineral group with regional competitiveness and an important role in the global energy and mineral value chain. The Group will be a pioneer in developing renewable energy, digital transformation and responding to climate change - in line with the Government's orientation on green growth and industrialization of the country.

Thanh Thao