VINACOMIN - VANG DANH COAL JOINT STOCK COMPANY: A Major Force in Vietnam's Coal Industry

VINACOMIN - VANG DANH COAL JOINT STOCK COMPANY (short name: VVDC, stock symbol: TVD) is a key enterprise in Vietnam's mining sector, particularly in the extraction and supply of hard coal. As part of the Vietnam National Coal and Mineral Industries Group (Vinacomin), the company plays an essential role in securing the country’s energy demands.

Legal Information and Corporate Status

• Company Name: VINACOMIN - VANG DANH COAL JOINT STOCK COMPANY

• Vietnamese Name: CÔNG TY CỔ PHẦN THAN VÀNG DANH - VINACOMIN

• Business ID / Tax Code: 5700101877

• Date of Establishment: July 1, 2008

• Business Type: Joint Stock Company (Invested by State-Owned Company)

• Charter Capital: USD 18.47 million

• Paid-up Capital (as of Sep 30, 2024): USD 18.47 million

• Stock Exchange: Hanoi Stock Exchange (HNX)

• Place of Registration: Department of Planning and Investment of Quang Ninh Province

• Number of Employees: 5,792

• Headquarters: No. 969, Bach Dang Street, Quang Trung Ward, Uong Bi City, Quang Ninh Province, Vietnam

• Website: https://vangdanhcoal.com.vn

Leadership Team

• Chairman: Mr. Nguyen Trong Tot

• Acting Director: Mr. Nguyen Van Dung

• Vice Director: Mr. Ho Quoc

All executives are Vietnamese nationals with extensive experience in the coal mining industry.

Shareholding Structure

• Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin): 66.83%

• Other Shareholders: 33.17%

Financial Overview (USD, FY Ending Dec 31, 2023)

• Total Assets: $87.33 million (↓ 21.42% YoY)

• Owner’s Equity: $29.07 million (↑ 6.49% YoY)

• Total Sales: $268.53 million (↓ 3.22% YoY)

• Net Profit: $5.68 million (↓ 21.63% YoY)

• Net Worth: $29.06 million

• Working Capital: $9.84 million

Despite a decline in profit and assets in 2023, VINACOMIN - VANG DANH COAL maintained robust equity growth and healthy sales volume, showcasing the company’s resilience in the face of market fluctuations.

Business Scope

The core business of VINACOMIN - VANG DANH COAL JOINT STOCK COMPANY includes:

• Mining and trading of hard coal and peat coal

• Quarrying and construction materials

• Repair and maintenance of industrial and transport equipment

• Installation of machinery and electrical infrastructure

• Large-scale construction of roads, railways, telecommunications, and mining infrastructure

Conclusion

With over 16 years of operations, VINACOMIN - VANG DANH COAL JOINT STOCK COMPANY stands as a cornerstone of Vietnam’s energy and mining sector. Its affiliation with the state-owned Vinacomin Group enhances its credibility and long-term strategic importance. For investors, suppliers, and industry analysts seeking verified business data, VANGUARD BUSINESS INFORMATION LLC (VBI) remains a trusted source for accurate and timely company insights.