Deputy Prime Minister Le Minh Khai chaired a meeting on the operation and restructuring of TKV Group in the 2016-2020 period, the restructuring project for the 2021-2025 period, and solutions to improve operational efficiency in the coming time. Photo: VGP
The draft Project on restructuring the Vietnam National Coal - Mineral Industries Group aims to continue improving operational efficiency so that TKV can become a strong state-owned economic group with modern technology and production techniques, gradually meeting international standards on corporate governance; improving labor productivity, product quality, operational efficiency and competitiveness of enterprises; developing sustainably, in harmony with the environment and employees; making an important contribution to ensuring national energy security and socio-economic development of the country.
The draft project identifies the main business lines of the Group as: Coal industry; mineral and metallurgical industry; electricity industry; industrial explosives. The industries related to the main business lines of TKV include: Mechanical industry, chemical industry and construction materials; port management and exploitation; transportation, pilotage, warehousing, etc. In addition, the draft project also outlines the contents related to the plan to arrange and restructure the parent company - TKV and its member units.
At the meeting, the State Capital Management Committee at Enterprises briefly reported on the process of building the restructuring project of the Vietnam National Coal and Mineral Industries Group, the contents that still have different opinions between ministries and branches related to some member units of the Group such as: Mining Chemical Industry Corporation; Mining Energy Engineering Institute; Lam Dong Aluminum One Member Co., Ltd.; Dak Nong Aluminum Company...
The State Capital Management Committee at Enterprises affirmed that the issuance of the restructuring project is extremely necessary for the Vietnam National Coal - Mineral Industries Group to develop sustainably in the coming time.
A representative of the Vietnam National Coal and Mineral Industries Group said that in 2022, the Group achieved its highest profit ever. TKV's production and business results in the first quarter of 2023 also exceeded 120% compared to the same period in 2022, with all basic product targets meeting the set plan,...
Vietnam National Coal and Mineral Industries Group also reported on the restructuring of the Group's organizational model, the arrangement of coal production joint stock companies; the divestment of capital in some units;... proposing that the Prime Minister soon decide to approve the Group's restructuring project. TKV committed to implementing the project according to the approved plan.
At the same time, Vietnam National Coal and Mineral Industries Group also proposed to the competent authority to allow the Group to add business lines and increase charter capital (TKV Group has balanced resources).
Deputy Prime Minister Le Minh Khai assigned the State Capital Management Committee at Enterprises and the Vietnam National Coal and Mineral Industries Group to absorb and complete the draft and submit it to competent authorities for consideration and approval. Photo: VGP
After listening to comments from relevant ministries, branches and localities on the draft restructuring project of TKV Group, Deputy Prime Minister Le Minh Khai assigned the State Capital Management Committee at Enterprises and the Vietnam National Coal and Mineral Industries Group to absorb and complete the draft and submit it to competent authorities for consideration and approval.
Regarding the recommendations of the Vietnam National Coal and Mineral Industries Group, Deputy Prime Minister Le Minh Khai assigned the State Capital Management Committee at Enterprises to proactively coordinate with relevant agencies to research and promptly resolve the issues to remove difficulties for enterprises.
* On the same morning, Deputy Prime Minister Le Minh Khai chaired a meeting on the situation of production and business activities, investment and development, Strategy, 5-year investment and development plan for the period 2021-2025, Restructuring project and List of enterprises transferred to the State Capital Investment Corporation (SCIC).
According to the draft SCIC Development Strategy for the period up to 2030 and vision to 2035, the goals and development orientations of SCIC are determined as follows: Continuing to perform the role of representing the owner of state capital; accelerating the progress of restructuring and selling state capital in enterprises that the State does not need to hold; focusing resources on investing in industries and fields that are effective or that the State needs to continue to hold; becoming a professional financial investment organization... Orientation to 2035, SCIC will gradually operate according to the Investment Fund model to perform the Government's investment role.
In the coming time, SCIC will focus on implementing a number of tasks and solutions regarding models, strategies, institutions, mechanisms and policies of SCIC on enterprise restructuring, innovation, equitization, divestment and corporate governance./.
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