Vinacomin signs a MoU on Cooperation with Russian Kamaz Corporation

Vinacomin signs a MoU on Cooperation with Russian Kamaz Corporation - 

According to information from the Vietnam National Coal- Mineral industry Holding Corporation Limited (Vinacomin), on April 6, 2015 in Hanoi, Vinacomin signed a MoU on the cooperation with Kamaz, a Russian largest Automobile Manufacture Corporation.

The signing Ceremony MoU on Cooperation between Vinacomin and Russian Kamaz Corporation.

On the MoU, Kamaz desires Vinacomin to create conditions for Kamaz additionally enlarging it’s production and business fiels in Vietnam.

Mr. Sergei.A. Korogin - Chairman and CEO of Kamaz shows his hopes on continuing the recent good cooperation tradition between Vinacomin and Kamaz in the future as long-term partners of each other.

Kamaz commits to actively support Vinacomin in researching and studying coal market and promoting cooperation activities with the largest coal-mineral enterprises in Russia.

On this occasion, Mr.Dang Thanh Hai, the General Director of Vinacomin informed: in the first quarter of 2015, Viancomin was facing a lot of difficulties due to the deep decrease of oil prices and the dropping tendency of coal prices as well (today, there are some of the coal sorts priced as 60-70% in comparison with before).

In this context, Vinacomin will strengthen to administrate the costs review investment items with the aim to ensure efficiency.

Leave your comment on this story