Vinacomin - Investment. Trading and Service Joint Stock Co
UUPCOM:ITS3,000.00
VND
+100.00
(+3.45%)
Vinacomin - Investment. Trading and Service Joint Stock Co
UPCOM:ITS
(Unlisted Public Company Market)
Recent
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3,000.00
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ROIC.AI
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- Business
- Vinacomin - Investment, Trading and Service Joint Stock Company (V-ITASCO) is a Vietnam-based diversified industrial enterprise engaged primarily in coal trading and processing, renewable energy development, mining equipment and industrial materials distribution, engineering, procurement, and construction (EPC) contracting, and real estate development. Tracing its origins to 1986 as the Life Service Company under the Ministry of Mining and Coal and restructured as a joint stock company in 2005, the company operates as an affiliate of the state-owned Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin / TKV) and is headquartered in Hanoi, Vietnam. The company conducts its operations through multiple specialized business divisions and subsidiaries across Vietnam, serving national power utilities, heavy industrial manufacturers, mining enterprises, and civil infrastructure developers. The company organizes its principal commercial activities into five core product and service categories: Coal Processing and Trading, which encompasses the procurement, specialized blending, warehousing, and nationwide distribution of domestic and imported coal products tailored for thermal power generation plants (including Duyen Hai, Vinh Tan, Nghi Son, Vung Ang, and Hai Phong power stations) as well as cement and metallurgical steel producers; Power Generation and Renewable Energy, comprising the investment, ownership, and operation of grid-connected run-of-river and reservoir hydropower plants totaling dozens of megawatts in capacity (such as the Nam Ban 2, Phuc Long, and Si Ma Cai hydropower facilities) alongside solar, wind, and biomass energy projects; Mining Materials and Industrial Equipment Distribution, providing heavy-duty mining haul trucks (from international brands including Scania, Volvo, Komatsu, Sinotruk, and Kamaz), large-scale industrial drainage pumping systems, heavy conveyor belt systems, steel rails, electric cables, plastic piping, mechanical fasteners, and vehicle spare parts to coal mines and industrial plants; EPC General Contracting and Project Execution, offering turnkey engineering, procurement, construction, and installation services for hydroelectric facilities, transport systems, tourism infrastructure (such as cable car installations), and urban utility networks; and Commercial Real Estate and Logistics Services, covering residential and commercial property development (such as the Nguyen Tuan residential project in Hanoi and the My Gia Urban Area in Nha Trang), bonded and cold-storage warehousing operations, and metal fabrication and container repair services. In recent developments, V-ITASCO has pursued strategic operational shifts to expand its clean energy assets in alignment with Vietnam's Power Development Plan VIII (PDP8), accelerating commercial execution and grid integration on key regional hydropower projects such as the Si Ma Cai and Phuc Long plants in partnership with construction partners including Song Da 4 and financing syndicates led by BIDV. The company has also expanded its coal blending and imported coal distribution operations to secure supply stability for state-owned power utilities and energy-intensive manufacturing customers amid national energy transition directives. In addition, V-ITASCO has implemented corporate restructuring initiatives across its network of member subsidiaries and affiliate companies to streamline operational workflows, optimize capital allocation in industrial equipment distribution, and enhance autonomous commercial competitiveness while continuing to leverage its strategic supply relationship with the parent Vinacomin group.