Deputy Prime Minister Bui Thanh Son signed Decision No. 625/QD-TTg approving the Development Strategy of Vietnam National Coal - Mineral Industries Group to 2030, with a vision to 2045 (development Strategy of TKV Group).
The general goal of the strategy is to develop TKV Group into a strong economic group, contributing an important role to the development of the state economy.
Maintaining a key position as one of the three pillars of energy, contributing to ensuring national energy security; sustainable exploitation, long-term sustainable investment plans and in line with Vietnam's commitment to net zero emissions by 2050.
The Group operates according to market mechanisms, taking economic efficiency as the main assessment criterion, being autonomous, self-responsible, and competing equally with other economic sectors according to the provisions of law.
According to the orientation of coal industry development: Exploitation work must always be one step ahead; exploration and evaluation of existing coal reserves must ensure reliability for exploitation design combined with promoting exploration of new mines to prepare reliable resources for the stable and long-term development of TKV's coal production sector in particular and the coal industry in general.
Innovate and apply advanced exploration technology, especially for areas with complex geological conditions and high depth; continue to seek research partners to select appropriate exploration technology and methods to explore the Red River Basin Coal Basin.
Develop open-pit mines in the direction of increasing the dredging coefficient, in accordance with economic, technical and related planning conditions; carry out the work of dumping soil and rock in the direction of maximum use of waste dumps.
TKV takes the lead in exploring and exploiting bauxite to developing the alumina - aluminum production industry, creating a driving force for the development of Vietnam's aluminum industry and contributing to economic development in the Central Highlands provinces on the basis of expanding investment to increase the capacity of Tan Rai and Nhan Co alumina Complexes to about 2.0 million tons of alumina/year/ Complex.
New investment Dak Nong 2 bauxite - alumina - alumina complex with a capacity of 2.0 million tons of alumina/year, 0.5 million tons of alumina/year and alumina electrolyte plant project in Lam Dong province with a capacity of 0.5 million tons/year.
In particular, strive to complete the Dak Nong 2 aluminum electrolyte plant project in 2030 to increase the value of deep processing, contributing to building Dak Nong province into a national aluminum industrial center.
Orientation for the development of the electricity industry: Renovate, upgrade, and innovate existing coal power plants to take advantage of low-quality coal sources, complete investment projects included in the Power Plan VIII.
Orientation for developing the organizational model of member companies: Maintain a ratio of holding 100% of charter capital or holding controlling shares in subsidiaries operating in key business areas and related to key business lines.
divestment of investment capital in subsidiaries and business associates is ineffective or not in line with the development orientation in the coming period.
