Business

Coal companies announce strong profit results in Q2

Vietnamese coal enterprises prospered in the second quarter due to the high demand for the resource for thermal power.
Coal companies announce strong profit results in Q2 ảnh 1Workers in an underground coal mine of Nui Beo Coal JSC in the northern province of Quang Ninh. (Photo: nuibeo.com.vn)
Hanoi (VNS/VNA) - Vietnamese coal enterprises prospered in thesecond quarter due to the high demand for the resource for Vietnamese coal enterprises

Deo Nai Coal JSC (TDN) reported a profit of 15.6 billion VND (over 659,000 USD)in the second quarter of 2023, 38 times higher than the figure of more than 400million VND in the same period last year. In the first six months of 2023, thecompany achieved a profit of 26.4 billion VND, an increase of 20.1 billion VND comparedto 2022.

The main reason was that fuel prices decreased by 15% compared to the sameperiod in 2022, and the company's production costs decreased, leading to higherprofits.

Deo Nai Coal is an enterprise that exploits and collects hard coal, lignite,and supports mining and ores, around 65% of its invested capital comes from theVietnam National Coal - Mineral Industries Group (Vinacomin).

Ha Tu Coal (THT) achieved profit after tax in Q2 of 28.04 trillion VND, anincrease of 21.7 trillion VND compared to 2022. In the first six months of2023, profits reached 44 billion VND.

Nui Beo Coal (NBC) achieved an after-tax profit in the second quarter of 2023of 23.2 trillion VND, an increase of 15.2 trillion VND compared to the sameperiod in 2022. Profit after tax in the first six months of 2023 increased by 19.37trillion VND compared to 2022.

The company said that coal consumption improved in the second quarter of 2023,leading to higher profits.

Ha Lam Coal (HLC) reported a profit after tax in the second quarter of 24trillion VND, up 13 trillion VND compared to last year. Profits reached 56.1trillion VND in the first six months, while in the same period in 2022 it onlyreached 28.78 trillion VND.

As for Mong Duong Coal (MDC), profit after tax in the second quarter of 2023reached 15 trillion VND, 9 trillion VND higher than the same period last year.

However, there are still some coal enterprises reporting losses in the secondquarter of 2023.

In the second quarter of 2023, output of Cao Son Coal (CST) decreased by 1.7million tonnes over the same period, causing revenue to decrease by 49% overthe same period.

The same thing happened with Coc Sau Coal (TC6), which recorded a sharp declinein revenue of 33% over the same period last year./.
VNA
#Vietnamese coal enterprises #Vietnamese coal enterprises #Deo Nai Coal #Ha Lam Coal #Vietnam #VietnamPlus #Vietnam news
Follow VietnamPlus

Related News

See more

Booths of Vietnamese cooperatives and enterprises at the Halal Expo 2025 exhibition in Türkiye. (Photo: VNA)

Türkiye seen as promising market for Vietnam’s Halal products

With a large Muslim population, Türkiye serves as both a major consumer market and a well-developed processing hub for such products. Meanwhile, Vietnam is gradually establishing its capacity to supply Halal goods, particularly in processed foods, agricultural produce, beverages, tourism services and logistics.

Delegates at the forum (Photo: VNA)

Vietnam, Slovakia PMs attend business forum to boost bilateral cooperation

Prime Minister Le Minh Hung called on businesses of Vietnam and Slovakia to strengthen partnerships in areas of mutual strength and demand, particularly in manufacturing, high technology, automotive industry, precision engineering, automation, renewable energy, green transition, logistics, supply chain connectivity, digital transformation, and human resource development.

Pomelos of Dong Thap province are exported to the Australian market. (Photo: VNA)

Dong Thap exports first pomelo shipment to Australia

Dong Thap has now secured its first pomelo growing area that meets export requirements for Australia, facilitated by Blue Ocean Import-Export JSC. This milestone is expected to serve as a foundation for expanding market access in the coming period.

Ambassador Pham Vinh Quang (seventh from left) poses for a photo with staff of the Vietnamese Embassy in Canada at the Vietnam booth at the exhibition. (Photo: VNA)

Vietnam promotes tourism at travel expo in Canada

The Vietnamese Embassy in Canada joined the exhibition to promote Vietnam as an attractive travel destination. With support from domestic tourism companies and tour operators, the Vietnam booth attracted attention thanks to its well-designed displays and informative materials.

Sun Group partners with Dragone to jointly establish a new standard for performing arts in Vietnam (Photo: Sun Group)

Phu Quoc set for a global spotlight with Sun Group–Dragone flagship show

The agreement signed on April 10 represents Dragone’s first formal entry into Vietnam through a strategic partnership, underscoring the country’s growing appeal to leading global creative companies. It also reinforces Sun Group’s role as a pioneer in bringing world-class performing arts experiences to Vietnamese audiences.

Prime Minister Le Minh Hung (third, left) and delegates press buttons to start the project (Photo: VNA)

Work starts on Hanoi–Quang Ninh high-speed railway

Prime Minister Le Minh Hung attended a groundbreaking ceremony for the Hanoi - Quang Ninh high-speed railway line, Vietnam's first inter-regional high-speed railway, held in Quang Ninh province on April 12.

VinFast EV sales jump 127% in March 2026. (Photo: Vinfast)

VinFast EV sales jump 127%, cementing market dominance

According to its report, all models in VinFast’s EV lineup recorded strong growth in March. Notably, on March 28 alone, the company completed 3,520 orders, the highest number ever recorded in a single day by an automotive brand in Vietnam.

Illustrative image (Photo: VNA)

Australia announces import conditions for Vietnamese pomelos

Australia’s formal publication provides an important legal basis, marking the completion of the review, assessment and agreement on technical requirements for fresh Vietnamese pomelos. This represents a significant step forward in market access, creating favourable conditions for relevant agencies, localities and businesses to prepare for export activities in the coming time.

Containers of fresh Vietnamese durian for export are subject to a full-chain traceability system. (Photo: VNA)

First “green lane” durian shipment exported to China

​Under the “green lane” process, quality control begins at the cultivation stage, including soil sampling and monitoring, and continues through harvesting and processing, with traceability labels attached to trees and applied to fruit at the time of picking. It also allows plant quarantine procedures and the issuance of certificates of origin (C/O) directly in the localities where the orchards are located.

Delegates at the Vietnam Expo 2026 (Photo: VNA)

Vietnam pushes for deeper auto supply chain ties with RoK

The RoK stood as Vietnam’s largest foreign investor with more than 95.2 billion USD in registered capital as of February 2026, or about 18% of all foreign cash flowing in, with thousands of active projects. In January-February alone, the RoK led the pack with nearly 2 billion USD in pledges, grabbing a whopping 32.7% of total registered capital and showing no signs of slowing down.

More than 600 tourism firms, 15 countries and territories, and 34 provinces and cities are promoting destinations and introducing tourism products at the fair (Photo: VNA)

Digital transformation key to elevating Vietnam’s tourism: official

Speaking at the opening of the Vietnam International Travel Mart (VITM) 2026 in Hanoi on April 10, Deputy Minister of Culture, Sports and Tourism Ho An Phong noted that despite challenges in 2025, Vietnam largely fulfilled its socio-economic development goals. Tourism remained a bright spot, recording 21.5 million foreign arrivals and 135.5 million domestic visitors, with total revenue exceeding 1 quadrillion VND (37.9 billion USD).