Vinacomin Delays Coal Price Hikes

The state-owned Vietnam National Coal & Mineral Industries Group (Vinacomin) has decided to delay raising coal prices for big consumers until the end of June this year, said Vinacomin’s Management Board chairman Doan Van Kien.

 

The group had scheduled the second price hike this year for electricity, cement, paper and fertilizer industries from April 1 after the first rise just in January.

 

Vinacomin also proposed the government not increase coal export tax in order to extricate difficulties for the group.

 

The prime minister March 28 instructed not to raise prices of ten essential goods including petroleum, electricity, coal, clean water, bus ticket, railway ticket, air ticket, cement, steel and iron, school fee and hospital charge until June with an aim to tame inflation. (Labor, VietNamNet)