Vietnam’s coal industry has a history of mining over 175 years, with 79 years of glorious tradition, since the “general strike on November 12, 1936” of more than 30,000 miners has won brilliantly.
Entering the renovation process, in the early 1990s, Vietnam’s coal industry faced severe difficulties and challenges: illegal coal mining spread rampantly, making natural resources and the environment of the mine area damaged. causing serious damage, complicated social order and safety. Due to the lack of unified organization and management of the State, it has pushed mainstream coal companies into a situation where they have to reduce production, reduce excavation, reduce land stripping, and store motorbikes and equipment, and underemployed workers. work, income, difficult life, coal industry has fallen into crisis, serious recession.
An important milestone in the development of the coal industry was when the Vietnam Coal Corporation was established under Decision No. 563/TTg dated October 10, 1994 of the Prime Minister. With a multi-industry business strategy on the basis of coal production, the Corporation has gradually removed difficulties and stagnation during the subsidy period, and built the right strategic goals for development. As a result, in 2005, the output of raw coal reached over 30 million tons, an increase of 2.7 times compared to 2000 and an increase of 5 times compared to 1994 (before the establishment of the Corporation). Total revenue in 2005 exceeded 20,000 billion VND (in which coal accounted for 68%), profit before tax exceeded 2,500 billion VND, average income was over 3 million VND/person/month compared to 667,000 VND/month in 1995. In the mining area, working conditions, material and spiritual life of employees have been significantly improved.
On August 8, 2005, the Prime Minister issued Decision No. 198/2005/QD-TTg and Decision No. 199/2005/QD-TTg reorganizing the Vietnam Coal Corporation and its member units. , established Vietnam Coal Group, operating under the model of parent company – subsidiary. On December 26, 2005, the Prime Minister issued Decision No. 345/2005/QD-TTg to establish Vietnam Coal and Mineral Industries Group on the basis of Vietnam Coal Group and Vietnam Minerals Corporation. South and operates under the Charter approved by the Prime Minister in Decision No. 228/2006/QD-TTg dated 11/10/2006. On June 25, 2010, the Prime Minister issued Decision No. 989/QD-TTg on transforming the parent company – Vietnam Coal and Mineral Industries Group into a one-member limited liability company owned by the State Government. owner country. On December 19, 2013, the Prime Minister issued Decree No. 212/2013/ND-CP on the Charter of Organization and Operation of Vietnam Coal and Mineral Industries Group (replacing the Charter of Organization and activities of the Vietnam Coal and Mineral Industries Group, issued under the Prime Minister’s Decision No. 418/QD-TTg dated March 21, 2011). The Decree takes effect from February 1, 2014.