- Cao Son Coal – TKV JSC (UPCoM: CST) is a coal mining company under Vietnam National Coal & Mineral Industries Group (Vinacomin) — a State-owned mining & industrial group. 

- CST is the largest coal mining member of Vinacomin and has an annual sales volume of over 6 million tonnes in 2021-2022, contributing ~15% of Vinacomin’s total coal sales volume. 

- 2022 NPAT-MI surged 217% YoY, which was primarily due to (1) higher sales volume as a result of stronger domestic coal demand and (2) a substantial drop in interest expenses (see p. 5).

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