According to the Vietnam National Coal and Mineral Industries Group (TKV), the group has reduced 21 affiliated enterprises. As of December 1, 2024, TKV only has 65 subsidiaries and affiliated units.
In recent years, member companies and joint stock companies have been merged. In particular, in 2024, Coc Sau Coal Joint Stock Company and Deo Nai Coal Joint Stock Company will be merged into Deo Nai - Coc Sau Coal Joint Stock Company.
Previously, implementing the restructuring of TKV in the period of 2017-2020, in 2017, TKV merged Hon Gai Logistics Company with Hon Gai Coal Selection Company to form Hon Gai Coal Selection Company. In 2018, TKV merged Ham Lo 1 Mine Construction Company and Ham Lo 2 Mine Construction Company into Mine Construction and Installation Company; Hong Thai Coal Company merged into Uong Bi Coal Company to form Uong Bi Coal Company.
On May 8, 2020, Cao Son Coal Joint Stock Company and Tay Nam Da Mai Coal Joint Stock Company merged into Cao Son Coal Joint Stock Company.
The departments and units previously maintained the model of 24-28 departments, now reduced to 14-15 departments/unit.
In particular, in the 10 years from 2014 to 2024, the total number of employees of TKV will decrease by about 27,000 people, from 122,000 people in 2014 to nearly 95,000 people in 2024.
However, coal production in the period 2007 - 2024 was maintained at 38 - 40 million tons/year, reaching a peak of 45 million tons in 2011.
The mineral industry develops both in breadth and depth towards enhancing deep processing, creating clear development, increasing added value and economic efficiency. The output of processed non-ferrous metals increases every year. The fields of electricity production and construction materials develop to ensure efficiency, enhance autonomy, stability and sustainability for the coal and mineral industry.
Thereby, increasing profits with over 90,000 billion VND in 30 years; state capital at TKV is preserved and developed with an increase rate of 45 times compared to 1995; revenue increases 68 times compared to 1995; state budget payment in 2023 increases by more than 200 compared to 1995.
According to TKV, to achieve this, in addition to restructuring, reducing contacts, and streamlining labor, TKV invests heavily in technology and continuously transforms digitally in production and business fields.
Thanks to that, labor productivity increased by an average of 9%/year, in which direct labor productivity in the coal mining stage increased by 5.3%/year; average salary increased by 8.6%/year, in which the average salary of miners reached 1,000 USD/month.
Currently, in the coal mining sector alone, TKV has about 10,000 miners with an income of 300 million VND/person/year or more, of which many have an income of 500-600 million VND/year.
