VINACOMIN DEO NAI COAL JOINT STOCK COMPANY

VINACOMIN DEO NAI COAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THAN ĐÈO NAI - VINACOMIN) is a key member of Vietnam’s coal industry and part of the larger Vinacomin group, operating under Tax Code: 5700101299. Headquartered at No. 42, Kim Dong Street, Cam Tay Ward, Cam Pha City, Quang Ninh Province, Vietnam, the company has over 18 years of experience in mining and trading hard coal, and is publicly traded on the Hanoi Stock Exchange under the ticker symbol TDN.

Despite its established presence and 1,900-strong workforce, VINACOMIN DEO NAI COAL JOINT STOCK COMPANY faced significant financial turbulence in 2024. Total sales plummeted by 51.29%, from USD 163.53 million in 2023 to USD 79.66 million, while profit dropped sharply by 66.45%, resulting in a net income of just USD 1.42 million. The company’s total assets also declined to USD 47.67 million, down 7.96% from the prior year, with owner’s equity decreasing by 16.11% to USD 14.6 million.

This pattern signals potential exposure to commodity price volatility, regulatory tightening, or production inefficiencies. In such cases, Vanguard Business Information LLC (VBI) offers critical services, including business verification, Vietnam litigation reports, and private financial analysis, to help partners and suppliers understand whether downturns are cyclical or symptomatic of deeper risks. These insights are essential for banks, procurement teams, and investors considering long-term engagements with resource-based enterprises like VINACOMIN DEO NAI COAL JOINT STOCK COMPANY.

The company is chaired by Mr. Nguyen T. T., with Mr. Pham D. T. serving as Director and Mr. Dang Q. M. as Deputy Director. It is majority-owned (65%) by the Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin), reinforcing its strategic role in the state-controlled energy and mining sectors.

Operating across a wide range of industries—including coal mining, stone quarrying, railway construction, metallurgy, and even short-term accommodation services—VINACOMIN DEO NAI COAL JOINT STOCK COMPANY reflects both the diversification strategy and the financial risks typical of Vietnam’s heavy industries. Given its critical role and recent financial contraction, it warrants close credit monitoring in the coming fiscal periods.