Vinacomin - Minerals Holding Corporation reported increased revenue and profit in 2024 but still had some subsidiaries suffering heavy losses.

Vinacomin - Minerals Holding Corporation reported increased revenue and profit in 2024 but still had some subsidiaries suffering heavy losses. One subsidiary lost more than VND 160 billion, and another lost over VND 42 billion despite owning the largest rare earth mine in the country. The rare earth mining project faced difficulties in technology, investment capital, and government approval procedures. The company invested over VND 190 billion in this project but still owed VND 110 billion for mineral exploitation rights.

Vinacomin - Minerals Holding Corporation reported increased revenue and profit in 2024 but still had some subsidiaries suffering heavy losses. One subsidiary lost more than VND 160 billion, and another lost over VND 42 billion despite owning the largest rare earth mine in the country. The rare earth mining project faced difficulties in technology, investment capital, and government approval procedures. The company invested over VND 190 billion in this project but still owed VND 110 billion for mineral exploitation rights.

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