VINACOMIN - UONG BI COAL COMPANY

Operating as a key branch of Vietnam's coal mining sector, VINACOMIN – UONG BI COAL COMPANY(Vietnamese: CHI NHÁNH TẬP ĐOÀN CÔNG NGHIỆP THAN – KHOÁNG SẢN VIỆT NAM - CÔNG TY THAN UÔNG BÍ - TKV) plays an integral role in the upstream energy supply chain of the country. Registered under Business ID and Tax Code 5700100256-065, the company is a wholly owned unit of Vietnam National Coal and Mineral Industries Holding Corporation Limited (VINACOMIN), with headquarters located in Group 17, Zone 3, Trung Vuong Ward, Uong Bi City, Quang Ninh Province, Vietnam.

Led by Director Pham H. T., alongside Deputy Directors Nguyen T. H. and Nguyen V. H., the branch employs approximately 7,000 workers, reflecting its large-scale operation and deep labor dependency typical of the coal mining industry. The company’s primary activities revolve around the mining, production, and processing of hard coal, supported by secondary activities such as equipment repair, installation of industrial machinery, and infrastructure construction, including roads, railways, and civil engineering works.

In 2023, VINACOMIN – UONG BI COAL COMPANY recorded revenue of USD 138.79 million, representing a modest 8.2% decline from the prior year. More critically, its profit fell sharply to USD 138,568, a 95.91% decrease compared to 2022, when it achieved over USD 3.38 million in earnings. Although its total assets remained substantial at USD 80.13 million, a 5.27% decline from the previous year reflects some contraction in operational scale or depreciation in fixed assets. The company’s working capital, however, climbed to USD 4.12 million, providing a cushion for daily operations. Notably, the branch continues to report zero owner's equity, and its net worth remains negative at USD -32,528, suggesting an imbalance between liabilities and assets. It's a financial red flag.

From a credit and risk management perspective, such a structure warrants caution. Being a branch and not a fully independent legal entity, VINACOMIN – UONG BI COAL COMPANY depends entirely on the financial health and capital support of its parent organization, VINACOMIN. Its legal and fiscal identity is integrated within that of the holding corporation (ID: 5700100256), which carries both the operational weight and financial liabilities.

For businesses, contractors, or investors engaging with VINACOMIN – UONG BI COAL COMPANY, reliance on publicly visible branch-level financials may not present the full picture. This is where VANGUARD BUSINESS INFORMATION LLC (VBI) provides indispensable value. Through verified business reports, credit profiles, and real-time monitoring, VBI helps assess risk exposure when working with large but complex state-affiliated entities. Whether it’s verifying the creditworthiness of the parent company, validating contractual structures, or evaluating supply reliability, VBI equips decision-makers with the clarity needed to make low-risk, high-confidence transactions.

In conclusion, while VINACOMIN – UONG BI COAL COMPANY remains a major operational hub in Vietnam’s coal industry, its fiscal vulnerabilities and branch status highlight the importance of enhanced due diligence. With VBI’s business intelligence tools, stakeholders can gain the visibility and assurance necessary to engage securely with state-owned industrial units like this one.