TKV-LAM DONG ALUMINUM ONE MEMBER COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN NHÔM LÂM ĐỒNG - TKV), tax code 5800939133, is a wholly state-owned enterprise under the umbrella of Vietnam National Coal and Mineral Industries Holding Corporation Limited (TKV). Established in 2010, the company is headquartered on Phan Dinh Phung Street, Group 15, Loc Thang Town, Bao Lam District, Lam Dong Province. It operates one of Vietnam’s largest integrated bauxite mining and aluminum production facilities.

This is not a small subsidiary by any means. With a workforce of approximately 1,300 employees, TKV-LAM DONG ALUMINUM plays a key role in Vietnam’s strategic resource development. Its core operation focuses on bauxite mining and aluminum processing, with registered activities also spanning power generation, machinery manufacturing, metal treatment, and large-scale logistics and warehousing.

In 2023, the company posted USD 153.75 million in total sales, marking a 5.88% increase from the previous year. However, despite growing revenue, net profit continued a downward trend, reaching just USD 2.51 million, a 5.75% decline year-on-year. This follows a similar loss of momentum in 2022, signaling persistent margin pressure and cost inefficiencies. Total assets also shrank by 13.76%, falling to USD 37.08 million, even as equity remained flat at USD 11.75 million for three consecutive years.

Such static equity and shrinking asset value suggest that the company is not reinvesting at scale, nor is it significantly improving operational efficiency. This is noteworthy for those tracking Vietnam private financial data or assessing the fiscal health of state-owned enterprises involved in heavy industry. While revenue growth points to a stable demand environment, the earnings trend reveals thin margins that energy prices, labor costs, or regulatory pressures could further test.

The company’s working capital of USD 4.24 million is healthy in relative terms, but not exceptional for an operation of this scale. Its extensive licensing to engage in everything from metal fabrication and turbine manufacturing to food service and construction is typical of state-owned entities—but raises concerns about diluted focus. From a risk management perspective, this complexity makes financial oversight and operational accountability more difficult.

Leadership is in the hands of Mr. Tran V. C., serving as Chairman, with day-to-day management led by Mr. Nguyen V. P. and Deputy Director Mr. Nguyen D. T. While the executive structure reflects continuity, the company’s recent financial performance signals the need for sharper strategic oversight.

In summary, TKV-LAM DONG ALUMINUM ONE MEMBER COMPANY LIMITED is a crucial component of Vietnam’s national mining and metals infrastructure, but it is under strain. Slowing profits, asset contraction, and static equity suggest a maturing operation in need of investment and reform. For investors, contractors, or regulators examining this firm through business verification channels, the current financial signals warrant cautious monitoring—particularly as Vietnam deepens its ambitions in industrial resource self-sufficiency.