Turn TKV into a strong economic group

As one of the country's major economic groups, over the years, Vietnam National Coal-Mineral Industries Group (TKV) has always maintained its key position as one of the three pillars of energy, contributing to ensuring national energy security. The Group has proactively innovated technology, applied high science and technology in production, exploitation and built long-term sustainable 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 an important role in the development of the state economy, Deputy Prime Minister Bui Thanh Son has just signed Decision No. 625/QD-TTg approving the TKV Development Strategy to 2030, with a vision to 2045. Accordingly, maintaining the 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 zero emissions 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 according to the provisions of law. According to the orientation of coal industry development: Exploration work must always be one step ahead; exploration and assessment of existing coal reserves must ensure reliability to serve 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.

Cua Ong Coal Selection Company is currently promoting coal supply to customers.

TKV develops open-pit mines in the direction of increasing the stripping coefficient, in accordance with economic, technical and related planning conditions; and carries out the dumping of soil and rock 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 the 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 the Tan Rai and Nhan Co alumina complexes to about 2.0 million tons of alumina/year/complex. New investment in the Dak Nong 2 bauxite-aluminum-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.

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

Over the past years, with the attention, companionship, maximum facilitation, timely removal of difficulties from Quang Ninh province, along with the continuous efforts, endeavors, and determination of workers and officials of the Coal industry, TKV has developed remarkably, contributing to the overall development of the country and Quang Ninh province. Typically, in 2024, despite facing many difficulties, especially the devastation of storm No. 3, with the tradition of "Discipline and Unity", the team of workers, officials, and employees of the entire Group has promoted internal strength, actively competed in labor, production, business, and maximum exploitation of coal and mineral output, meeting the needs of economic development of the country. The Group's total revenue in 2024 reached 169 trillion VND; the average salary of employees reached nearly 18 million VND/person/month, of which the underground coal volume reached more than 20 million VND/person/month.

In 2025, TKV is determined to overcome difficulties, stabilize production and business, strive to produce and consume 50 million tons of coal; of which 2 million tons are exported; 13.2 million tons of imported coal; total revenue reaches 172.8 trillion VND; profit reaches 3.4 trillion VND; payment to the state budget is 25 trillion VND; average income of workers reaches more than 18 million VND/person/month.

To complete the 2025 target, in the first quarter, TKV focused on directing units to recover maximum clean coal, along with developing import and blending plans to meet consumption needs, especially for thermal power plants. TKV has produced over 10 million tons of clean coal, consumed 12.8 million tons of coal, and produced 2.8 billion kWh of electricity, thereby contributing to the economic growth target of the 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 KTV will develop rapidly in the coming time.

Peace

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