Vietnamese Coal Machinery Firm Exports Ninth Shipment of Tunneling Equipment to Japan This Year
A coal machinery company in Vietnam’s Quảng Ninh province exported its ninth shipment of mechanical products to Japan on November 5, 2026. The shipment included four tunneling machine casings and accessories worth VND 835 million. The company reported revenue of VND 230.7 billion in 2025 and a 6.5% year-on-year increase in net revenue in the first nine months of 2026.
On November 5, 2026, Công ty Cổ phần Chế tạo máy – Vinacomin (VMC), based in Quảng Ninh, exported its ninth shipment of mechanical products of the year to Japan. The shipment comprised four D1235 tunneling machine casings and accessories, with a total weight of 8.3 tonnes and a value of VND 835 million. The customer was ISEKI Poly-Tech. VMC plans to export 10 shipments to the customer in 2026. It had previously completed 38 tunneling machine casings and is producing another 20 under contract.
ISEKI Poly-Tech researches, develops and manufactures tunneling machines and equipment for underground construction. According to its website, the company was founded in 1971. Its tunneling machines are used in water supply and drainage, power and telecommunications projects, and its reported cumulative global sales exceed 2,500 machines. VMC’s 2025 financial report showed that, as of December 31 that year, advance payments from this customer exceeded VND 4.46 billion.
VMC originated as a coal industry machinery factory established in July 1968. It primarily manufactured and repaired mining equipment and parts before expanding into steel structures and equipment for other industries. The company became a joint stock company in 2008, and its shares have been listed on the Hanoi Stock Exchange since July 2015. General Manager Phạm Xuân Phi said the company had invested in equipment including laser cutters, CNC milling machines and lathes to meet the production requirements of customers in Vietnam and abroad.
Financial reports show that VMC recorded revenue of VND 230.7 billion in 2025, up year on year and 15.3% above its annual target. Pre-tax profit was VND 2.092 billion, up 22.5% year on year. The company set a 2026 revenue target of VND 210 billion and a pre-tax profit target of VND 2.82 billion. In the first nine months of 2026, net revenue reached VND 180.8 billion, up 6.5% year on year, while after-tax profit reached VND 1.481 billion, up 22.2%.
Source: VietVance
