TKV Mineral Corporation (Vimico) has just announced documents for the 2025 Annual General Meeting of Shareholders, scheduled to take place on April 22, 2025.
In the report assessing the production and business performance in 2024 and the plan for 2025, Vimico attracted attention with the target of revenue in 2025 reaching VND 12,619 billion and pre-tax profit of VND 1,000 billion, down 5% and 36% respectively compared to 2024.
The enterprise also plans to produce 60,716 tons of copper ore, 30,000 tons of Cathode, 173,681 tons of iron ore and many other valuable minerals.
When setting these targets, Vimico forecasts that the production and business situation will face difficulties due to the impact of escalating trade tensions between major economies that can indirectly affect Vietnam's economic activities, input material prices fluctuate strongly, and the mineral market is unpredictable.
In addition, there is a negative impact of increasingly deep and poor exploitation conditions in terms of content, resource development, and site clearance. Especially difficulties in the supply of raw materials for mineral processing and smelting plants.
With the targets set for 2025, Vimico aims to achieve VND 58,117 billion in revenue and nearly VND 4,191 billion in pre-tax profit in the period of 2021 - 2025.
The profit figure attracted attention because it was equivalent to more than 4 10% of the term plan and increased nearly 5 times compared to the period 2016-2020.
Entering the 2026 - 2030 period, TKV Mineral Corporation (Vimico) sets a consolidated revenue target of VND 68,815 billion, equal to 120.3% compared to the period 2021 - 2025. Mineral revenue alone reached VND666,277 billion, equal to 119.1% compared to the previous period. Also during this period, Vimico set a consolidated profit target of more than VND 3,626 billion.
Also during this period, Vimico plans to invest VND4,980 billion, focusing on a number of key projects such as expanding and increasing the capacity of Sin Quyen copper mine; investing in a steel rolling line in the Cao Bang Iron and Steel Complex; exploiting and processing rare earths in Dong Pao and Lai Chau and expanding the capacity of Vi Kcem mine.
In addition, Vimico will continue to implement investment projects to exploit new mineral mines such as Nam Kep clay, the Southern coastal mineral industry of Tay Tinh Tuc, and to harvest minerals in the provinces of Thai Nguyen and Cao Bang.
In the context of the world gold price constantly fluctuating strongly in the direction of continuously increasing in recent times, Vimico is attracting the attention of investors because it is considered a leading domestic enterprise in the exploitation, processing and processing of colored metal minerals such as gold and silver.
Vimico's production and business plan also aims to achieve an output of 806kg of gold and 1,688kg of silver in 2025.
Entering the period of 2026 - 2030, Vimico plans to gradually increase gold mining output over the years with the total gold mining output in these years expected to reach more than 4.6 tons.
To improve production efficiency, in a report sent to shareholders, Member of the Board of Directors, General Director of Vimico Trinh Van Tue said that the unit is studying the addition of technology equipment to locally recover metals such as gold ( Au), silver (Ag)... in selling this finished product.
Vimico General Director Trinh Van Tue also said that based on the orientation targets approved by the General Meeting of Shareholders, the Board of Directors will direct the Corporation to complete the production and business plan and investment plan for the period 2026 - 2030.
At the same time, every year, based on the actual situation, the Executive Board will direct the Executive Board to develop a detailed plan to approve and implement appropriately, ensuring feasibility, efficiency, preservation and capital development.
