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VINACOMIN - MINERALS HOLDING CORPORATION

Active

Business ID 0100103087

84-24 / 62876666 / 6285 6514

VINACOMIN - MINERALS HOLDING CORPORATION

Active

Business ID 0100103087

84-24 / 62876666 / 6285 6514

VINACOMIN - MINERALS HOLDING CORPORATION

Active

Summary

Name:

VINACOMIN - MINERALS HOLDING CORPORATION

Business ID (TIN):

0100103087

Date of Registration:

01 Jul 2010

Registered Office:

Ha Noi City Department of Planning and Investment

Ticker:

KSV

Address:

No. 193 Nguyen Huy Tuong Street, Thanh Xuan Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam

Phone:

84-24 / 62876666 / 6285 6514

Fax:

(84-24) 62883333

Financial Statement:

2020, 2021, 2022, 2023, 2024

VINACOMIN – MINERALS HOLDING CORPORATION (TỔNG CÔNG TY KHOÁNG SẢN TKV-CTCP): Resilient State-Linked Miner in a Shifting Resource Landscape

Sales Stability vs. Asset Decline

VINACOMIN – MINERALS HOLDING CORPORATION, also known as VIMICO, continues to be one of Vietnam’s key players in the mining and production of precious and non-ferrous metals. As a joint stock companyregistered under Business ID and Tax Code 0100103087, VIMICO is headquartered at No. 193 Nguyen Huy Tuong Street, Thanh Xuan District, Hanoi. With over 14 years of operation, the company maintains an extensive portfolio of mining, smelting, and metal manufacturing activities spanning copper, iron, gold, and silver.

As of 2023, VIMICO reported total assets of USD 302.49 million, reflecting a year-on-year decrease of 11.7%, continuing a downward trend from 2021. Despite this contraction, sales revenue remained virtually unchanged at USD 481.94 million, showing only a marginal 0.05% drop from 2022. This demonstrates VIMICO’s operational resilience in maintaining output and sales volumes, even as asset values and investment capacities appear to be adjusting downward.

A Modest Profit Recovery Signals Operational Stability

In 2023, net profit rebounded to USD 6.16 million, marking a significant 163% increase over the previous year, when profit had dropped dramatically to just over USD 2.34 million. Still, this figure remains far below the company’s 2021 earnings of USD 23 million, suggesting VIMICO is in a phase of cautious recovery rather than full resurgence. Its owner’s equity also declined by 5.44%, ending the year at USD 95.93 million. With working capital of USD 3 million, the company maintains basic operational liquidity, though with less financial buffer than some of its state-linked peers.

Corporate Structure and Leadership

VIMICO operates under the majority control of the Vietnam National Coal and Mineral Industries Holding Corporation Limited (TKV), which owns 98.06% of its shares. As a publicly listed company on UPCoM under the stock symbol KSV, VIMICO is subject to public disclosure requirements, offering a degree of transparency to institutional investors.

The company is led by Chairman Mr. Nguyen Van Hai, with Mr. Trinh Van Tue as General Director and Mr. Ly Xuan Tuyen as Deputy General Director. With a workforce of over 4,450 employees, VIMICO is one of the largest employers in the non-ferrous metal mining sector in Vietnam, operating across multiple provinces and industrial zones.

A Wide Spectrum of Industrial Activities

VIMICO’s registered business activities are extensive. In addition to the mining of iron ores, precious metals, and other non-ferrous minerals, the company is licensed for metal casting, machinery manufacturing, treatment and coating of metals, and even the production of fertilizers and refractory products. This diversification supports risk mitigation across commodity cycles, but may also dilute operational focus in leaner financial years.

Objectivity and Forward Outlook

While VIMICO remains a strategic asset for Vietnam’s mining industry, the decline in asset value and equity over the past three years raises important questions about reinvestment, exploration activity, and cost controls. The recent profit recovery is a positive signal, but not yet a trend. Analysts, suppliers, and potential partners should closely monitor future financial disclosures to see if profitability stabilizes and asset values rebound.

For those considering deeper commercial engagement with VINACOMIN – MINERALS HOLDING CORPORATION, independent financial verification and credit monitoring remain essential. In volatile sectors like mining, long-term partnerships require up-to-date risk assessments and trustworthy financial intelligence, which can be supported by tools such as those offered by Vanguard Business Information (VBI).

In short, VIMICO remains a cornerstone of Vietnam’s state-linked mining infrastructure, but its next steps will determine whether it sustains, consolidates, or seeks renewed expansion.

Legal Profile

English Name:

VINACOMIN - MINERALS HOLDING CORPORATION

Vietnamese Name:

TỔNG CÔNG TY KHOÁNG SẢN TKV-CTCP

Short Name:

VIMICO

Business ID (TIN):

0100103087

Date of Registration:

01 Jul 2010

Registered Office:

Ha Noi City Department of Planning and Investment

Ticker:

KSV

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN V.H

+ TRINH V.T

+ NGO Q.T

+ DAO M.S

+ LY X.T

+ BUI T.H

Address:

No. 193 Nguyen Huy Tuong Street, Thanh Xuan Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam

Phone:

84-24 / 62876666 / 6285 6514

Fax:

(84-24) 62883333

Branch:

No. 193 Nguyen Huy Tuong Street, Thanh Xuan Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

2420 Manufacture of precious and non-ferrous metals

NACE:

24.4 Manufacture of basic precious and other non-ferrous metals

NAICS:

3314 Nonferrous Metal (except Aluminum) Production and Processing

Industry Sales Growth

CAGR (2019 - 2023)

6.69%

YoY (2023)

-22.10%

Companies by industry

Company distribution and propportions

621

0.0214%

Key Industry Players

Top 10 companies in manufacture of precious and non-ferrous metals industry

vinacomin - minerals holding corporation dong viet non-ferrous metal and plastic joint stock company thye ming (vietnam) industrial co., ltd toan phat copper tube joint stock company thanglong metallurgy company limited ngoc thien limited company masan tungsten limited liability company chien thang industrial company limited lao cai-vimico copper metallurgy- branch of vinacomin - minerals holding corporation jintian copper industrial (vietnam) company limited

Payment History

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Financial Performance

Assets	82.79%
Owner’s Equity	-18.70%
Working Capital	-2.30%
Net Worth	19.82%
Sales	24.32%
Operating income	68.89%
EBIT	-56.88%
Gross Profit Margin	-51.52%
Debt to EBITDA	-2.35%

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Specific Questions About VINACOMIN - MINERALS HOLDING CORPORATION

When did VINACOMIN - MINERALS HOLDING CORPORATION start operating?

VINACOMIN - MINERALS HOLDING CORPORATION was started in 01 Jul 2010

What industry does VINACOMIN - MINERALS HOLDING CORPORATION operate in?

VINACOMIN - MINERALS HOLDING CORPORATION is operating in "Manufacture of precious and non-ferrous metals" industry

How can I contact VINACOMIN - MINERALS HOLDING CORPORATION?

VINACOMIN - MINERALS HOLDING CORPORATION phone numbers is 84-24 / 62876666 / 6285 6514

What adverse news is there about VINACOMIN - MINERALS HOLDING CORPORATION?

VINACOMIN - MINERALS HOLDING CORPORATION’s has 4 bad news

What is stock symbol of VINACOMIN - MINERALS HOLDING CORPORATION?

VINACOMIN - MINERALS HOLDING CORPORATION’s stock symbol is KSV

Where is the location of VINACOMIN - MINERALS HOLDING CORPORATION?

VINACOMIN - MINERALS HOLDING CORPORATION is located at No. 193 Nguyen Huy Tuong Street, Thanh Xuan Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam

What is VINACOMIN - MINERALS HOLDING CORPORATION’s business registration?

VINACOMIN - MINERALS HOLDING CORPORATION business registration is 0100103087

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