AsemconnectVietnam - This information was shared by the leadership of Vietnam National Coal and Mineral Corporation (Vimico - stock code KSV) at the recent conference summarizing production and business activities in 2025.

KVS expects the production of its main products this year to include: 64,260 tons of 25% Cu copper concentrate, 31,200 tons of copper plates, and 918 kg of gold.
Accordingly, the sales of the main products have basically met the annual plan. The consolidated total revenue of the entire corporation is expected to reach VND14,454 billion; profit is expected to be VND2,399 billion.
Mr. Trinh Van Tue, General Director of KSV, stated that in the past year, besides favorable conditions, Vimico also faced numerous difficulties due to unstable raw material supply at some units, as mining conditions became increasingly deeper, significantly impacting production efficiency.
In particular, the impact of typhoons No. 5, No. 9, No. 10, and No. 11 caused heavy losses of life and property in many localities of Cao Bang, Thai Nguyen, and Lao Cai – where the Corporation has production and business activities – severely affecting affiliated units in terms of mining sites, production lines, property damage, transportation infrastructure, and disrupting production and business processes.
In 2026, KSV forecasts that the global and domestic economic situation will continue to face difficulties due to the impact of volatile input material prices and unpredictable developments in the mineral market. Not to mention the increasingly deep and low-grade mining conditions; the slow progress in resource development, land clearance, and construction investment; and especially the difficulties in supplying raw materials to mineral processing and metallurgical plants…
However, KSV will focus on striving to achieve the consolidated total revenue target of the entire Corporation at VND13,842 billion; and a profit of VND2,042 billion - lower than the projected target for this year.
The leadership emphasized the need to quickly complete the application for and adjustment of mining licenses at the units. Focus on directing and mobilizing all resources for important projects to accelerate investment preparation; coordinate with relevant departments and localities to find solutions to speed up land clearance and resettlement for production development projects (Na Rua iron mine exploitation; Sin Quyen copper mine expansion project; …).
On the stock market, KSV shares have performed relatively negatively, losing more than half their value in just the past two months. At the close of trading on December 23rd, KSV stood at its reference price of 92,700 VND/share.
The reason for KSV's sharp decline stems from investor anxiety over the risk of the stock losing its public status from the beginning of 2026.
Currently, KSV has not met the requirements of the Securities Law. Current regulations require a minimum of 10% of voting shares to be held by at least 100 investors who are not major shareholders to ensure public status and liquidity. However, the Vietnam Coal and Mineral Industry Group (TKV) holds over 96% of KSV's capital, resulting in an almost completely concentrated shareholder structure.
The Board of Directors has agreed that the General Director will continue to report and explain to the State Securities Commission (SSC) regarding the "specific conditions of the shareholder structure." However, if by January 1, 2026, KSV still does not meet the conditions or is not approved by the SSC as a public company, KSV will file an application to revoke its public company status as per regulations.
N.Nga
Source: VITIC/Tinnhanhchungkhoan