Vinacomin generously contributes a significant $635 million to the National Budget in just 7 months.
Vinacomin Achieves Strong Performance in First Seven Months of 2022
The National Coal and Mineral Industry Group (Vinacomin) has reported impressive results for the first seven months of this year, with stable production of industrial explosives and chemicals, increased electricity production, and fulfilment of monthly coal production targets.
Last month, Vinacomin produced 3.24 million tonnes of coal, meeting its monthly plan in full. The group's cumulative coal output for the first seven months reached 24.1 million tonnes, equivalent to 103.4% year-on-year. Coal consumption reached 2.86 million tonnes last month, bringing the cumulative coal consumption for the period to 28.43 million tonnes.
Electricity production also saw a significant boost, with the group producing 788 million kWh last month and 6.55 billion kWh cumulatively. This represents a 110% increase compared to the same period last year.
Vinacomin's financial performance has been strong as well. The group's total revenue was estimated at VNĐ12.7 trillion last month, bringing cumulative revenue for the first seven months to VNĐ101.4 trillion. The group's consolidated revenue is projected to reach VNĐ11.5 trillion. The group also contributed an estimated VNĐ2 trillion to the State budget last month, bringing the total contribution for the first seven months to VNĐ16.6 trillion.
The group's cumulative profit is estimated at VNĐ4.51 trillion, completing 132.5% of the annual target. The group has set production targets of 2.9 million tonnes of coal this month, 2.94 million tonnes of coal consumption, 120,000 tonnes of alumina, and 651 million kWh of electricity.
Alumina production reached 112,000 tonnes last month, and the seven-month cumulative alumina output is 862,000 tonnes. Additionally, 393,000 tonnes of coal were exported.
However, it should be noted that detailed financial and operational data for Ha Tu Coal Joint Stock Company, a Vinacomin subsidiary, for the first seven months of 2022 is not available in the provided search results. For more specific information about Ha Tu Coal Joint Stock Company's performance in 2022, official company reports, Vinacomin's disclosures, or industry financial databases may need to be consulted directly.
AI in the finance industry plays a crucial role in Vinacomin's business decisions, with data analysis helping to optimize production and revenue.The strong performance of Vinacomin in the first seven months of 2022 significantly contributes to the growth of the national coal and mineral industry.
