Vietnam National Coal, Mineral Industries Group Established

Deputy Prime Minister Nguyen Tan Dung on December 26 signed Decision 345/2005/QD-TTg to set up the Vietnam National Coal, Mineral Industries Group (Vinacomin), which is established from the current Vietnam Coal Group and the Vietnam Minerals Corporation.

 

The Vietnam National Coal, Mineral Industries Group is a State-owned enterprise that will operate under the parent company model, and its Management Board will include nine members assigned by the Prime Minister.

The group’s major business lines are coal industry, mineral industry, electricity industry, engineering, industrial explosive materials, seaport and inland port management and transport, construction materials, installation of electricity lines and stations, infrastructure and real estate investment and business, water supply, waste disposal, forestation, environment protection, chemical production and trading, services, and others.

 

The Ministry of Finance will approve the newly-established group’s financial regulation and charter capital in line with proposals of the group’s management board.
T.N