Vinacomin - Viet bac Mining Industry Holding Corporation
HHNX:MVB12,400.00
VND
+900.00
(+7.83%)
Vinacomin - Viet bac Mining Industry Holding Corporation
HNX:MVB
(Hanoi Stock Exchange)
Recent
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12,400.00
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ROIC.AI
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- Business
- Vinacomin - Viet bac Mining Industry Holding Corporation (HNX: MVB), operating under the trade name VVMI, is a Vietnam-based diversified industrial and natural resources enterprise primarily engaged in coal mining, mineral processing, cement manufacturing, and mechanical engineering. Established in 1980 as Coal Company III and converted into a joint-stock company in 2015, the corporation operates as a core subsidiary of the state-owned Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin / TKV) and is headquartered in Hanoi, Vietnam. The company conducts integrated exploration, extraction, production, and distribution activities across northern Vietnam, maintaining primary industrial assets in Hanoi, Thai Nguyen, Lang Son, and Tuyen Quang. The company operates across four primary business segments: Coal Mining and Mineral Processing, Building Materials, Mechanical Engineering, and Industrial Services. In its Coal Mining and Mineral Processing segment, the company explores, mines, processes, and distributes raw coal, thermal coal, and refined mineral grades; operating major open-pit operations including the Na Duong coal mine in Lang Son province, the Khanh Hoa coal mine in Thai Nguyen province, and the Nui Hong coal mine in Thai Nguyen province to supply domestic thermal power plants, cement producers, and industrial enterprises. In its Building Materials segment, the company manufactures and distributes commercial clinker, standard Portland cements, and blended hydraulic cements; commercialized under regional brand portfolios through operating subsidiaries including La Hien VVMI Cement Joint Stock Company, Quan Trieu VVMI Cement Joint Stock Company, and Tan Quang VVMI Cement Joint Stock Company. In its Mechanical Engineering segment, the company designs, manufactures, overhauls, and repairs mining machinery, underground transportation equipment, conveyor systems, structural steel frameworks, and customized spare parts for industrial and mining facilities. In its Industrial Services segment, the company provides geological survey and drilling; industrial and civil infrastructure construction; freight haulage and materials handling logistics; and specialized engineering consulting services. In recent developments, Vinacomin - Viet bac Mining Industry Holding Corporation has advanced major capacity expansion and mine life extension projects across its core mining operations, focusing on deepening and expanding output at the Na Duong, Khanh Hoa, and Nui Hong coal deposits to secure long-term fuel feedstock for thermal power generation assets. In its building materials division, the corporation has executed sustainability and cost-efficiency initiatives, including the development and installation of waste-heat recovery power generation systems at the Tan Quang and Quan Trieu cement plants, alongside production line modernizations at the La Hien facility. In addition, the corporation has optimized its investment structure through capital rationalization and planned non-core divestments, including shareholdings in Nong Son Coal and Power Joint Stock Company and Thai Nguyen Hotel Joint Stock Company, while expanding mechanical localization and automated equipment fabrication across its industrial subsidiaries.