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Vinacomin - Machinery Joint Stock Company (Vietnam)

Main Activities: Agriculture, Construction, and Mining Machinery Manufacturing
Full name: Vinacomin - Machinery Joint Stock Company Profile Updated: October 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

VINACOMIN Machinery Manufacturing Joint Stock Company (VMC) is a company located in Quang Ninh, Vietnam. It was established on July 23, 1968, under the Ministry of Heavy Industry. VMC was designed and invested by the Soviet Union to repair mining machines and manufacture mechanical products for coal mining and other economic sectors. The company has a production capacity of 32,000 tons of equipment and spare parts per year, with a focus on large equipment repairs. Over the years, VMC has developed a team of experienced engineers and technical workers, along with a fully equipped central laboratory. This allows them to meet all technical requirements for industrial projects. VMC has successfully collaborated with economic groups from France, Japan, Poland, Russia, and China to implement large projects that are highly regarded for their quality in both domestic and foreign markets. The company's workshops are organized according to technology, forming a closed production cycle from casting to equipment parameter standardization. Each product manufactured by VMC is the result of the labor of many professional stages carried out by Vietnamese coal mechanics. VMC has achieved various milestones in its development journey, including being transformed into Vietnam Coal Machinery Manufacturing Co., Ltd. and later into VINACOMIN Machinery Manufacturing Joint Stock Company. The company has received awards and recognition for its achievements, including labor medals and certificates of merit. The vision of VMC is to become the leading mechanical unit in Vietnam, providing mechanical products for domestic and international industrial and civil projects. Their mission is to create value for shareholders, contribute to the sustainable development of enterprises and communities, and provide a professional and creative working environment for employees. The core values of the company are discipline, conscientiousness, maturity in difficulties, and creativity. The development objectives of VMC include promoting internal resources, stabilizing and maintaining traditional products, modernizing mechanical repair, and shifting towards serving mechanization of underground coal mining. The company aims to become one of the major mechanical centers in the coal-mineral industry in Vietnam and the whole country.

Headquarters
486 Tran Phu Street, Cam Thuy Ward, Cam Pha City
Quang Ninh; North Eastern Vietnam;

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Website: http://www.chetaomay.com.vn

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1968
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Vice Chief Executive Officer
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Vice Chief Executive Officer
Ownership Details
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16.44%
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1.54%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency VND. Absolute financial data is included in the purchased report.
Net sales revenue
5.13%
Total operating revenue
5.13%
Operating profit (EBIT)
-27.72%
EBITDA
-37.1%
Net Profit (Loss) for the Period
14.01%
Total assets
21.24%
Total equity
1.54%
Operating Profit Margin (ROS)
-0.46%
Net Profit Margin
0.05%
Return on Equity (ROE)
1.15%
Debt to Equity Ratio
-24.74%
Quick Ratio
-0.03%
Cash Ratio
-0%

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