Workers 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./.
The Vietnam National Coal - Mineral Industries Group (Vinacomin) will supply about 18.7 million tonnes of coal to thermal power plants in the second half of this year, according to General Director Dang Thanh Hai.
The Vietnam Coal and Mineral Industries Group (Vinacomin) and Dong Bac Corporation strive to supply about 48.35 million tonnes of coal for thermal power plants, an increase of about 10-15% compared to 2022.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
Workers in an underground coal mine of Nui Beo Coal JSC in the northern province of Quang Ninh. (Photo: nuibeo.com.vn) 
