Vietnam’s biggest coal and mineral enterprise has called on the government to offer preferential treatment to clear its massive unsold inventory, but was told to find thorough solutions to its own problems instead of crying for help.

State-run Vinacomin currently has 9.3 million metric tons of coal in unsold stock, and the problem will worsen as one of its biggest buyers, Vietnam Electricity (EVN), has plans to cut its order by two million tons this year.

The coal giant lamented at a meeting with a working team of the government in Hanoi on Monday that the order reduction from EVN could see some 4,000 Vinacomin employees lose their jobs. Tiếp tục đọc “Vietnam’s coal giant cries for help as unsold stock nears 10mn tons” →