VINACOMIN SOUTHERN COAL JOINT STOCK COMPANY

Coal trading in Vietnam continues to face a period of transformation, and VINACOMIN SOUTHERN COAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THAN MIỀN NAM VINACOMIN) stands at the center of this transition. Established on 30 September 2004, the company operates under Business ID 0300383956, with its headquarters located at 49 Nam Ky Khoi Nghia, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, Vietnam. With over 20 years of experience in the wholesale of solid, liquid, and gaseous fuels, the company remains a key supplier of coal products and logistics services for the southern region of Vietnam.

Led by Vinh N., who serves as both Chairman and Director, and supported by Dang T. B. V. as Chief Accountant, the company employs 140 staff across branches in Ho Chi Minh City, Can Tho, and Quang Ninh. The ownership structure is a blend of private and state-related entities, with Vinh N. holding 61.07%, and Vietnam National Coal and Mineral Industries Holding Corporation Limited (VINACOMIN)—a major state-owned enterprise—owning 34%. This strong link to VINACOMIN gives the company a strategic advantage in securing supply and maintaining market relevance.

Financially, VINACOMIN SOUTHERN COAL JOINT STOCK COMPANY has shown a mixed performance. In 2023, total assets stood at USD 12.57 million, a 3.48% decrease from the previous year, while sales dropped by 11.92% to USD 133 million. Profit also declined sharply by 44.68% to USD 389,616, reflecting tighter margins and reduced demand. Despite these setbacks, the company maintains a working capital of USD 2.63 million and an equity base of USD 2.82 million, ensuring operational continuity.

The current situation of the coal market in Vietnam is characterized by a gradual shift toward cleaner energy sources, as the government pushes for renewable energy investments and stricter environmental standards. However, coal still accounts for a significant portion of Vietnam’s energy mix, particularly for thermal power generation, ensuring continued demand in the near term. The long-term outlook, however, suggests that companies like VINACOMIN Southern Coal must adapt by diversifying products and investing in cleaner, more efficient technologies to stay competitive.

For stakeholders, investors, and business partners, evaluating the credit and operational risks of coal enterprises is more important than ever. Vanguard Business Information LLC (VBI) provides reliable business verification and risk management services, offering in-depth reports on companies like VINACOMIN SOUTHERN COAL JOINT STOCK COMPANY. These services ensure that decisions are based on accurate financial insights, legal compliance, and market trend analysis, helping partners mitigate risks in an industry facing structural changes.