VINACOMIN - MINING CHEMICAL INDUSTRY HOLDING CORPORATION LIMITED

VINACOMIN - MINING CHEMICAL INDUSTRY HOLDING CORPORATION LIMITED (short name: MICCO) is a longstanding and significant enterprise in Vietnam’s industrial chemical sector. Founded on June 5, 2003, and headquartered on Phan Dinh Giot Street, Thanh Xuan District, Hanoi, the company is a fully state-invested entity, under the ownership of Vietnam National Coal and Mineral Industries Holding Corporation Limited (VINACOMIN), a leading state-owned conglomerate. With a paid-up charter capital of USD 53.4 million and a workforce of approximately 4,000 employees, MICCO has established itself as a critical supplier of industrial explosive materials, ammonium nitrate, and blasting services across Vietnam.

According to the latest Company Report by Vanguard Business Information LLC (VBI), MICCO maintained an active operational status in 2023 with total assets of USD 121.12 million and annual sales reaching USD 357.7 million. Although total assets and sales experienced slight declines compared to the previous year, profits rose sharply by 220.43%, culminating in a net income of USD 16.54 million. Owner’s equity also increased by 9.29%, reflecting a resilient capital structure despite a challenging economic environment. This remarkable profit growth, even amidst declining revenues, signals improvements in operational efficiency and financial management—an important insight for any serious Risk Management analysis.

At the leadership level, the company is chaired by Mr. Nguyen Quoc Hung, with Mr. Bui Hong Quang as General Director and Mr. Trinh Hai Cuong serving as Deputy General Director. Their leadership has been instrumental in stabilizing and strengthening the company's position within the volatile mining and chemical industries. The comprehensive Business Verification Service from VBI confirms MICCO’s professional governance and long-term strategic commitment.

With branches in Quang Ninh, Da Nang, and Bac Ninh, MICCO’s nationwide operational footprint and its state-owned backing underscore its strategic role in Vietnam’s industrial landscape. Accurate and timely Financial Data provided by VBI supports stakeholders in making informed decisions about engagements with this influential but complex company.