DONG BAC CORPORATION

DONG BAC CORPORATION (TỔNG CÔNG TY ĐÔNG BẮC) is a state-owned enterprise in Vietnam specializing in coal mining, mineral extraction, and energy-related industries. Established on October 6, 2010, the company operates as a one-member limited liability company under Business ID 5700101468. It is headquartered in Group 3, Zone 8, Hong Hai Ward, Ha Long City, Quang Ninh Province, Vietnam, a region known for its rich coal reserves and extensive mining operations.

Key Personnel and Operations

DONG BAC CORPORATION is led by Mr. Nguyen Danh Hieu, who serves as Chairman. The company employs approximately 9,600 people and operates multiple branches across Quang Ninh Province, including facilities in Cam Pha City.

Financial Performance

As of December 31, 2023, DONG BAC CORPORATION reported:

• Total assets: USD 531.17 million (26.9% increase from 2022)
• Total sales: USD 1.43 billion (24.35% increase from 2022)
• Net profit: USD 20.59 million (19.87% increase from 2022)
• Owner’s equity: USD 69.64 million (5.41% decrease from 2022)
• Working capital: USD -10.62 million, reflecting high operational costs

Despite a decline in owner’s equity, DONG BAC CORPORATION saw strong revenue growth, indicating increased coal production and higher demand for its products.

Core Business Activities

DONG BAC CORPORATION is heavily involved in:

• Mining, producing, and trading coal
• Extraction of iron ores and other minerals
• Quarrying of stone, sand, and clay for construction
• Wholesale of construction materials and metals
• Manufacturing of cement, lime, and other mineral products
• Sea and coastal freight and passenger transportation
• Silviculture and forestry support services

Business Verification and Credit Reports

For businesses seeking company credit reports, risk management services, and business verification services, VANGUARD BUSINESS INFORMATION LLC (VBI) provides in-depth analysis and reliable data on DONG BAC CORPORATION and other enterprises. Using VBI’s services, investors and business partners can evaluate financial stability, creditworthiness, and operational risks before engaging in trade or investment with DONG BAC CORPORATION.