The Government directs TKV to explore the Red River coal basin and divest capital from ineffective subsidiaries.

The overall objective of the Strategy is to develop the Vietnam National Coal - Mineral Industries Group (TKV) into a strong economic group, contributing an important role to the development of the state economy; maintain a key position as one of the three pillars of energy, contributing to ensuring national energy security; exploit sustainably, have a long-term sustainable investment plan and be consistent with Vietnam's commitment to net zero emissions by 2050.

The Group operates according to market mechanisms, taking economic efficiency as the main evaluation criterion, being autonomous, self-responsible, and competing equally with other economic sectors according to the provisions of law.

According to the development orientation of the coal industry: Exploration work must always be one step ahead; exploration and assessment of existing coal reserves must ensure reliability for mining design combined with promoting exploration of new mines to prepare reliable resources for stable and long-term development of the coal production sector of TKV in particular and the coal industry in general.

Innovate and apply advanced exploration technology, especially for areas with complex geological conditions and great depth; continue to seek research partners to select appropriate exploration technologies and methods to explore the Red River Delta Coal Basin.

Develop open-pit mines in the direction of increasing the stripping coefficient, in accordance with economic, technical and related planning conditions; carry out soil and rock dumping work in the direction of maximizing the use of internal dumpsites.

TKV is in charge of everything from bauxite exploration and exploitation to the development of alumina-aluminum production industry, creating a driving force for the development of Vietnam's aluminum industry and contributing to economic development in the Central Highlands provinces on the basis of investment in expanding the capacity of Tan Rai and Nhan Co alumina complexes to about 2.0 million tons of alumina/year/complex.

New investment in Dak Nong 2 bauxite - alumina - aluminum complex with a capacity of 2.0 million tons of alumina/year, 0.5 million tons of aluminum/year and an aluminum electrolysis plant project in Lam Dong province with a capacity of 0.5 million tons/year.

In particular, strive to complete the Dak Nong 2 aluminum electrolysis plant project in 2030 to increase the value of deep processing, contributing to building Dak Nong province into a national aluminum industrial center.

Orientation for development of electricity industry: Renovate, upgrade, and innovate technology of existing coal-fired power plants to take advantage of low-quality coal resources, and complete investment projects included in Power Plan VIII.

Orientation for developing the organizational model of member companies: Maintain the ratio of holding 100% of charter capital or holding controlling shares in subsidiaries operating in main business fields and related to main business lines...

Notably, the Government requires TKV to divest from subsidiaries and affiliated companies that are ineffective or not suitable for development orientation in the coming period.

Thanh Ha