Vinacomin - Viet Bac Geology Joint Stock Co

    Vinacomin - Viet Bac Geology Joint Stock Co

    UUPCOM:VBG
    4,300.00
    VND
    0.00
    (0.00%)
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    Company Description

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    IPO Date
    Mar 24, 2017
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    Vinacomin - Viet Bac Geology Joint Stock Company is a Vietnam-based geological surveying, mineral exploration, and technical consulting services provider operating primarily as a subsidiary of the state-owned Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin). Founded in 2010 and headquartered in Hanoi, Vietnam, the company specializes in comprehensive geological investigation, exploration drilling, and technical engineering solutions for the mining, energy, and infrastructure sectors across Vietnam. The company's core business activities and service offerings encompass geological and geotechnical drilling services, including deep borehole diamond core drilling, rotary drilling, structural foundation drilling, hydrogeological well drilling, and mine safety drainage boreholes; surveying, geophysics, and cartographic services, including baseline geological mapping, aerial and ground geodetic surveying, topographic modeling, geophysical borehole logging, and groundwater resource assessments; engineering and technical consultancy, including mineral resource estimation, mine exploration planning, environmental and hydrogeological impact evaluations, feasibility study preparation, and mineral deposit appraisal reports; and auxiliary manufacturing and industrial services, including the fabrication, maintenance, overhaul, and supply of specialized drilling rigs, geological equipment, and spare mechanical parts. Operating under ticker UPCOM:VBG, the company primarily serves state-owned mining enterprises, energy utilities, industrial mineral extractors, and civil construction entities. In recent operational developments, the company has advanced its technical modernization by deploying specialized 3D geological modeling and deposit assessment software platforms, such as Leapfrog Geo, to increase exploration precision and resource evaluation reliability. Additionally, the company has secured and advanced major exploration initiatives, including deep-level exploration and reserve expansion drilling at the Ta Phoi copper deposit in Lao Cai Province and specialized coal exploration drilling at the Nam Mau mining area in consortium partnerships. Through its recent shareholder resolutions and 2026–2030 medium-term strategic framework, the company has prioritized upgrading deep-drilling machinery, broadening non-coal mineral survey contracts, optimizing technical operational efficiencies, and sustaining ongoing shareholder value through consistent cash dividend distributions.