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Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) has officially approved the project for restructuring Thong Nhat Coal Company- Vinacomin in 2017-2020 period. The project has a target to increase turnover by at least 6% per year, conversion labor productivity by at least 5% per year and average income of employees by at least 5% per year… 

The Prime Minister has approved the project on Restructuring the Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) with the main business fields as coal, minerals – metallurgy, electricity and industrial explosives.

  Vietnam Oil and Gas Group (PVN) has sent an official letter to the Ministry of Industry and Trade on the plan for comprehensive restructuring PVN in 2017-2025 period, in which there is a proposal to promulgate the amended Petroleum Law with the specific provisions for  oil and gas exploration and exploitation in the direction of maximally applying the conditions of the specialized law in conformity with international practice.

The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has adopted solutions to implement the project on restructuring state-owned enterprises approved by the prime minister with a focus on key areas.

On March 3, 2023, at the headquarters of the Ministry of Industry and Trade (MOIT), Minister Nguyen Hong Dien chaired a meeting with the leaders of Electricity of Vietnam (EVN), Vietnam Oil and Gas Group (PVN), and Vietnam National Coal - Mineral Industries Holding Corporation Limited (TKV), Power Generation 1, Power Generation 2, Power Generation- 3 Joint Stock Company, TKV Power Company, PVN Power Company, Northeast Coal Corporation; Ninh Binh Fertilizer Single Company Limited, Ha Bac Fertilizer and Chemical Joint Stock company and a number of the coal-fired thermal power plants on the coal supply and coal import for electricity and nitrogen fertilizer production.

On May 9, Mr. Tran Dinh Nhan, General Director and Mission of Electricity of Vietnam (EVN) and worked with Vinacomin leaders in Hanoi and Coal Northeast Corporation (CNC) in Quang Ninh, on coal supply for power generation, especially in the peak hot months of 2023.

At the conference to review the plans in 2016 of Ministry of Resources and Environment, the Vietnam Geology and Mineral Department informed “At present, there have been identified 55 coal strata placed in 5 stratum groups from the surface to the depth of 1200 meters in mainland part of the Red River coal basin”.

Vietnam National Coal and Minerals Industries Holding Corporation Limited (Vinacomin) speeds up to perfrm the coal export contracts to rapidly release high-quality coal dust and lump coal in stock.

The Minister of Industry and Trade has just issued a Decision approving the coal price framework and electricity generation price framework in 2023. Accordingly, the coal price is 1,808,000 VND/ton, the electricity generation price framework for coal-fired power plants is 0 - 1,559.70 VND/kWh and the electricity generation price range for hydropower plants is 0 - 1,110 VND/kWh (the above price framework does not include value added tax (VAT) and other related taxes and costs).

On 18th May 2014, at the Launch of "Vietnam Science and Technology Day" with the theme "Science and Technology - fast and sustainable development driving force", Prime Minister Nguyen Tan Dung affirmed: Science and technology is the lever in the process of economic restructuring and transformation of growth model, improvement of productivity, quality, efficiency and competitiveness of the economy.

The Prime Minister has improved the project on restructuring power sector in 2016 – 2020 with orientation up to 2025.

The Prime Minister has promulgated a Decision on correcting and supplementing the Project “Restructuring the Vietnam National Oil and Gas Group (PVN) 2012- 2015 period".

A conference to agree and sign a cooperation agreement between Vietnam National Coal and Mineral Industries Group (Vinacomin), South East Coal Trading Company (SECTC – Dong Bac Corporation) and Electricity of Vietnam (EVN), on long-term coal supply for Thermal power plants using anthracite coal in EVN has just taken place in Hanoi.

Deputy Prime Minister Le Minh Khai signed Decision No. 1243/QD-TTg to approve the "Project to restructure Vietnam Oil and Gas Group (PVN) for the period until the end of 2025".

According to PVN restricting project, the Vision 2030, State of Vietnam still holds 100% charter capital of PVN Group and the Trade Name of the group remains Petrovietnam.