On the afternoon of September 9, 2026, at the Group headquarters, Comrade Ngo Hoang Ngan, Party Secretary and Chairman of the Member Council of the Group, chaired a working session to hear progress reports on the Ammonia Production Plant Investment Project.

Comrade Ngo Hoang Ngan - Party Secretary, Chairman of the Member Council of the Group chairing the working session

Attending the working meeting were Members of the Group's Member Council: Nguyen Anh Tuan, Le Quang Dung, Nguyen Hoàng Trung; Group General Director Vu Anh Tuan; Group Deputy General Directors: Nguyen Tien Manh, Tran Hai Binh; representatives of specialized departments and the Group Office; leadership of Mining Chemical Industry Holding Corporation - Vinacomin (MICCO) and the engineering consulting unit.

Representatives of the engineering consulting firm preparing the Feasibility Study Report presented technical options and technology selections for the Ammonia Production Plant Investment Project. Accordingly, the consulting unit conducted evaluations with 20 international technology providers worldwide to identify an optimal model delivering maximum economic efficiency for the plant at a design capacity of 90,000 tons/year. The report deeply analyzed core issues regarding design capacity scenarios, estimated total capital investment, raw material supply-demand equations, and detailed competitiveness assessments of ammonia products against market supply pressures.

Consultant representatives reporting technical solutions and technology selections for the project

MICCO leadership representatives reporting progress and presenting project solutions at the working session

Speaking at the meeting, Group General Director Vu Anh Tuan requested participating units to conduct rigorous, practical assessments of technological process lines and overall project economic viability. He also instructed specialized departments within the Group not merely to appraise, but to work closely alongside project owner MICCO to review legal procedures, optimize technical solutions, and ensure highest feasibility and market competitiveness before submitting to competent authorities for approval.

Group Deputy General Directors speaking at the session

Members of the Group's Member Council giving remarks

Group General Director Vu Anh Tuan directing appraisal and project optimization work

In his concluding and directing address, Party Secretary and Chairman of the Member Council Ngo Hoang Ngan noted that units must demonstrate flexibility and innovation in project management and governance. He requested specialized departments of the Group to maintain high responsibility, closely support the project developer, and proactively work with MICCO and the consultant under the motto 'resolve bottlenecks where they arise', balancing accelerated progress with strict legal compliance.

Party Secretary, Chairman of the Member Council Ngo Hoang Ngan delivering concluding remarks

Comrade Ngo Hoang Ngan affirmed the strategic significance of the project in securing self-reliance in long-term Ammonia feedstock supply for industrial explosives manufacturing, advancing sustainable growth for TKV. Project execution must strictly adhere to safety and environmental standards while maximizing available advantages. MICCO and the engineering consultants were requested to absorb all feedback, promptly resolve outstanding matters, finalize project documentation, and report to Group Leadership by late September 2026.

Source: Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin)