Investment, Trade and Service Joint Stock Company - VINACOMIN is an associate company of Vietnam Coal - Mineral Industry Group, has legal status, has its own seal, is allowed to open an account at a provisions of law. The Company was transformed from a State-owned enterprise to a Joint Stock Company in accordance with Decision No. 150/2004 / QD-BCN dated December 1, 2004 of the Minister of Industry.
As an associate of TKV Group, V-ITASCO focuses on the following areas:
Trading and processing coal
Trading in materials and equipment
EPC general contractor
TRADING AND PROCESSING COAL
With the coal processing and trading segment, V-ITASCO is allowed by Vinacomin to supply coal products after blending for the power plants of large corporations PVN, EVN such as Duyen Hai TTPs, Vinh Tan, Nghi Son TTPs, Vung Ang TTP, Hai Phong TTP, ... as well as for end - consumers such as cement, steel, ... across the country.
This is a very important business line and has a long history of V-ITASCO. Coal trading business of V-ITASCO includes: purchasing imported coal, coal produced by Vinacomin, having a warehouse system for storing and processing coal, transporting and retailing coal to final consumers...
In the energy segment, V-ITASCO considers this as a key business with top priority, focusing on hydroelectricity, solar power, wind power, and biomass power. Currently, the Company has 03 hydropower plants connected to the national grid with a total capacity of 72.5 MW and is investing in 02 hydropower projects with a total capacity of 40 MW in Lao Cai province.
With a strategic vision and goal for the period of 2017 - 2022, V-ITASCO will promote the development of clean energy sources and pilot solar and wind power models in some potential locations. Projects when put into operation will serve as economic launchers for many localities, promote the development of the whole region and also replace a part of other electrical energy provided by factories using fossil fuels. , reduce greenhouse gas emissions, clean the environment...
EPC GENERAL CONTRACTOR
V-ITASCO has been highly appreciated by the Investors in the construction and installation of hydroelectric projects, urban areas, technical infrastructure, traffic in recent years. The company has also been appraised and granted certificate of capacity for construction activities by the Hanoi Department of Construction. Not only that, V-ITASCO is currently taking the role of EPC General Contractor for large and complex projects.
For nearly 30 years of development, the operating market of the Company has invested in as well as participated in the construction of many projects, the typical projects the Company participated in construction such as: participating in the construction of Nam Ban 2 Hydropower (Lai Chau, 22MW capacity, generated electricity in 2018), Phuc Long Hydropower Project General Contractor (Lao Cai, 22MW capacity, under construction and expected to generate electricity in March 2021), Nguyen Tuan Housing Project (Hanoi, handed over and put into use), My Gia urban area project (Nha Trang, an area of 17.4ha, has completed the infrastructure and is under construction of the raw housing)...
TRADING IN MATERIALS AND EQUIPMENT
Trading in materials and equipment is a strong and traditional business field of V-ITASCO, making a huge contribution to the Company's revenue and profit. From only trading small items such as bolts, electric fans... to units in the coal industry, so far V-ITASCO has provided hundreds of items with value up to tens of billions. co, become longtime and strategic friends of units inside and outside the industry. With many years of experience in the import, supply and installation of equipment V-ITASCO has created a great reputation in the field of materials and equipment business, trusted by the investors.
V-ITASCO's main customers are coal companies. V-ITASCO has long been a traditional partner of many mining units such as Khe Cham Coal Company, Vang Danh Coal Company, Uong Bi Coal Company, Hon Gai Coal Company ... By prestige and power V-ITASCO force always receives trust from customers.
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