Vietnam Co. Oked to Invest in Coal Production Project for Exports in Australia
Vietnamese Prime Minister Nguyen Tan Dung has recently approved Thang Long Investment and Commercial Joint Stock Company (TINCOM) to carry out a Coldry coal production project for export in Australia, the government said on its website.
The PM assigned the Ministry of Planning and Investment to grant an investment license to the company as well as conduct related investment procedures for the project, the government said.
Vietnam is still boosting coal exports while it is forecast to have to import coal beginning in 2013, and it has not yet reached any agreements for coal imports.
TINCOM, established in September 2003, specializes in various business spheres of real estate, industry, finance and consultant high-technological services. (Investment, chinhphu.vn)
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