The policy of merging Quang Ninh Coal Processing Company into Hon Gai Coal Selection Company was decided by Vietnam National Coal - Mineral Industries Holding Corporation Limited (TKV) in the TKV Restructuring Project for the period 2026 - 2030, signed and promulgated at the end of 2025.
Up to now, the implementation of the merger of the two companies has sufficient legal basis to implement according to current regulations.
To ensure that the merger process takes place effectively, TKV identifies three key objectives including: not allowing loss of capital and assets during the implementation process; ensuring stable production and business activities of units before, during and after the merger; completing on schedule according to the decision of the Group's Member Council.
The merger of Quang Ninh Coal Processing Company into Hon Gai Coal Selection Company is an important task to implement the policy of restructuring and improving the operational efficiency of the Group.
Leaders of the Group requested units to do a good job of ideological work, create consensus among officials, workers and laborers, ensure legitimate rights, stabilize jobs and the lives of laborers in the process of arranging and merging the two units.
At the same time, directing professional departments of the Group to monitor, urge, and guide the two units to closely follow the roadmap, urgently complete procedures on organization, personnel, finance, assets, land and legal matters; carry out inventory and handover in the original state, to prevent loss of capital, assets or legal loopholes after merger.
Along with that, focus on removing obstacles in production management, closely coordinate with relevant units to ensure continuous and stable production and business activities.
Hon Gai Coal Selection Company currently has over 1,150 employees.
Implementing restructuring, the goal for the period 2025-2027, this Company has reduced 252 employees. From May 1, 2026, the Company reduced 18 department and workshop heads to 16 heads.
Meanwhile, Quang Ninh Coal Processing Company currently has about nearly 1,000 officials and employees.
Quang Ninh Coal Processing Company - TKV was established on December 18, 2013 and went into operation from January 1, 2014.
Both of these companies have basically the same tasks and functions, in which TKV is assigned the task of receiving coal mainly from mines: Nui Beo, Ha Tu, Ha Lam... to process and mix to meet customers.
Quang Ninh Coal Processing Company recently had another task of trading mine waste soil and rock to serve ground leveling for projects and works.
Previously, TKV also merged a number of member companies, in which in 2024, it merged Deo Nai Coal Joint Stock Company and Coc Sau Coal Joint Stock Company into Deo Nai Coal - Coc Sau -TKV Joint Stock Company.
