VINACOMIN - HATU COAL JOINT STOCK COMPANY: A Key Player in Vietnam’s Coal Mining Sector

VINACOMIN - HATU COAL JOINT STOCK COMPANY (Vietnamese: Công ty Cổ phần Than Hà Tu - Vinacomin) stands as one of the major contributors to Vietnam’s coal industry, playing a strategic role in the extraction and distribution of hard coal. With a long operational history and publicly listed status, the company is an important unit under the umbrella of the Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin).

🏢 Legal Status and Corporate Details

• Business ID / Tax Code (TIN): 5700101323

• Legal Type: Joint Stock Company

• Stock Symbol: THT

• Stock Exchange: Hanoi Stock Exchange (HNX)

• Charter Capital: USD 10,093,690 (Fully paid-up as of 31/12/2023)

• Date of Registration: December 25, 2006

• Business Duration: Over 18 years

• Head Office Address: Group 6, Zone 3, Ha Tu Ward, Ha Long City, Quang Ninh Province, Vietnam

• Website: http://www.hatucoal.com.vn

• Phone: (84-203) 3 835 169

👤 Key Personnel

• Chairman: Mr. Trần Thế Thành

• Acting Director: Mr. Nguyễn Quang Quang (Mobile: 0904.606.757)

• Deputy Director: Mr. Đặng Văn Tĩnh

The company employs a total of 1,844 staff members, contributing to its expansive mining operations and related services.

📊 Financial Performance Overview

The company experienced a mix of stability and financial challenges over the last three years. All figures are converted from Vietnamese Dong (VND) to USD at an exchange rate of 1 USD = 24,341 VND.

Notably, while revenue and assets slightly declined in 2024, the net profit dropped significantly by 68.58%, indicating operational pressures or increased costs. Despite this, equity levels remain healthy, and the company continues to hold a positive net worth of approximately USD 14.98 million.

🛠️ Business Activities

VINACOMIN - HATU COAL JSC is primarily engaged in:

• Mining and trading of hard coal

• Extraction of lignite and peat

• Quarrying of sand, gravel, stone, and clay

• Water supply, wastewater treatment

• Industrial equipment installation and electrical works

• Freight transport and warehousing

• Electric power generation

🤝 Shareholding Structure

• Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) – 65% ownership

• Individual Shareholder: Mr. Phạm Uyên Nguyên – 4.95%

This heavy state-affiliated ownership underscores the company’s significance in Vietnam’s national energy and raw material supply chains.

Conclusion

VINACOMIN - HATU COAL JOINT STOCK COMPANY maintains a strong legacy in the coal mining sector of Vietnam, with robust assets, consistent sales performance, and a strategic role under the Vinacomin conglomerate. However, the sharp decline in profits in 2024 signals potential internal challenges or market pressures that may warrant closer financial scrutiny in the upcoming periods. Investors and business partners should monitor its operational efficiency and cost structures while leveraging the company’s extensive experience and state backing.

For full business verification, litigation checks, and customized financial analysis, contact VANGUARD BUSINESS INFORMATION LLC, your trusted source for reliable Business Verification Services, Risk Management, and Vietnam Company Reports.