MICCO
- Company typePrivate
- Founded1995
- HeadquartersHanoi, Vietnam
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
MICCO firmographics
Firmographics- Name
- MICCO
- Legal name
- VINACOMIN - Mining Chemical Industry Holding Corporation Limited
- Website
- https://micco.com.vn
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Ownership category
- akta.pro rank
MICCO industry classification
Industry- Product category
- Industrial Explosives & Mining Chemicals
- NAICS
- Explosives Manufacturing (32592), Explosives Manufacturing (325920), Chemical Manufacturing (325)
- SIC
- Ordnance & Accessories, (No Vehicles/Guided Missiles) (3480), Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Commercial Explosives (Mining & Quarrying) (IMAEALAA)
- akta.pro secondary industries
- Detonators, Initiation Systems & Fuzes (IMAEALAH), Explosive Manufacturing Services (Formulation, Filling & Pack-Out) (IMAEALAK)
Keywords
Where MICCO is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices9 records
Markets served
MICCO business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Industrial Explosives Manufacturing and Sales: Manufacturing and direct sales of industrial explosives including emulsion explosives, packaged explosives, and explosive accessories to domestic mining companies within TKV and external customers, plus export markets.
- Explosive Precursor Sales: Production and sale of explosive precursors including ammonium nitrate (AN) and sodium nitrate to domestic and international customers. Export volumes reported as tấn/09 months 2025.
- Mining Services: Integrated mining services including drilling, blasting, excavation, transportation, and processing. Products delivered as VND/m3 of stone or VND/ton of product, creating recurring service revenue.
- Technical and Consulting Services: Services including geological exploration, mining design, environmental impact assessment, blasting effect monitoring, product certification, and quality testing for third-party customers.
- Explosives Product Certification Services: Designated by Ministry of Industry and Trade as certification organization for industrial explosives and explosive precursors. Center for Industrial Explosives provides testing and certification services nationwide.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise industrial explosives and mining services |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
MICCO product offering
Product offeringCore offering
MICCO manufactures and sells industrial explosives (emulsion explosives for underground and open-pit mines, non-electric delay detonators, detonating cords, and high-energy primer blocks) along with explosive precursors (ammonium nitrate and sodium nitrate). The company also provides integrated mining services (drilling, blasting, excavation, transportation, processing) priced per cubic meter or per ton, and operates the Ministry of Industry and Trade-designated certification laboratory for industrial explosives and precursors nationwide.
Differentiator
Problem solved
Functional benefit
Products and services
- NTLT5 Safe Emulsion Explosive for Underground Mines (P5 Grade) Vietnam's first domestically produced P5-level safe emulsion explosive for underground coal mines with methane gas risk. Density 1.05-1.15 g/cm3, detonation velocity 3,500-4,200 m/s, explosion power 56-61% relative to ANFO standard. Sold to underground coal mines such as Công ty CP Than Mạo Khê and Công ty Than Quang Hanh.
- HPEX-01 High-Energy Emulsion Explosive for Open-Pit Mines High-energy emulsion explosive for open-pit hard-rock and ore blasting in mines and quarries. Applied since 2019 as primer or main charge. Competes with international products at lower cost.
- LP-15 Series Slow-Action Non-Electric Delay Detonators Slow-action non-electric delay detonators with 15 delay steps covering 0.2s to 9.6s. Used for surface mines and underground mines without gas/dust explosion risk as part of MICCO's blasting accessories portfolio.
- KVP.8N-TC Standard Non-Electric Delay Detonators Standard non-electric delay detonators with 30 delay steps (25ms to 4350ms), waterproof to 20m for 8 hours, 24-month warranty. Used in commercial blasting operations.
- High-Energy Detonator Primer Blocks (VE05A, TMN-15H, MN-31) High-energy primer blocks (Models VE05A, TMN-15H, MN-31) used to initiate low-sensitivity industrial emulsions in mining blasting, with detonation velocity 7.2-7.8 km/s and 5-year warranty.
- Detonating Cord (Dây nổ) - Low, Medium, and High Energy Grades PVC-coated detonating cord in three grades (low 5 g/m, medium 10 g/m, high 12 g/m) with detonation velocity of at least 6,500 m/s and 24-hour waterproofing at 1m depth. Sold to commercial blasting customers.
- Ammonium Nitrate (AN) Industrial Explosive Precursor Industrial-grade ammonium nitrate manufactured at the Thai Binh Mining Chemical Company facility for use as an emulsion explosive precursor, sold to domestic explosives manufacturers and exported (including to Myanmar since 2015).
- Sodium Nitrate Industrial Explosive Precursor Industrial sodium nitrate researched and produced in-house since 2017, used as an emulsion explosive precursor and to replace imports, generating over 35 billion VND of revenue and 3,700+ tons of cumulative output.
- Integrated Mining Services (Drilling, Blasting, Excavation, Transportation, Processing) End-to-end mining services for industrial customers, encompassing drilling, blasting, excavation, ore/rock transportation, and processing. Delivered under service contracts priced per cubic meter of rock or per ton of product, creating recurring output-based service revenue.
- Technical & Consulting Services (Geological Exploration, Mine Design, Environmental Impact Assessment, Blast Monitoring) Engineering and consulting services for the mining sector, including geological exploration, mining design, environmental impact assessment, blast-effect monitoring, and advisory support, delivered to third-party mining and industrial customers.
- ISO/IEC 17025:2018 Accredited Environmental Testing Laboratory Services Environmental and explosives-material testing services provided through MICCO's ISO/IEC 17025:2018 (VIMCERT 084) accredited laboratory, covering water, air, and soil analysis as well as industrial explosives testing.
- Industrial Explosives Product Certification Services (Designated Certification Body) Statutorily designated product certification services for industrial explosives and explosive precursors, delivered under MICCO's Center for Industrial Explosives (Trung tâm VLNCN) and accredited to ISO/IEC 17065:2013. Provided nationwide to manufacturers and traders of industrial explosives.
Quantifiable outcome
- Annual savings of 8.5 million USD from domestic NTLT5 production versus imports
- +3 more outcomes
Companies that use MICCO
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
MICCO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
MICCO partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Tập đoàn Công nghiệp Than – Khoáng sản Việt Nam (TKV)coreParent organization overseeing MICCO as a state-owned enterprise under Vietnam's coal and minerals industry. TKV coordinates operations and assigns production targets. MICCO serves as primary explosives supplier to TKV member mining companies across Vietnam.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
MICCO competitors and assessment
Company assessmentBroad incumbents
- Dyno Nobel (Incitec Pivot): Major global commercial explosives and ammonium nitrate producer with integrated supply from precursor to finished product — directly mirroring MICCO's vertical integration strategy across mining, quarrying and infrastructure blasting.
- Yara International: Global nitrogen chemical producer and one of the world's largest ammonium nitrate manufacturers. Comparable to MICCO's AN precursor production (Thai Binh plant) and to MICCO's position in the explosives-grade ammonium nitrate value chain.
- Orica Limited: World's largest commercial explosives and blasting systems provider. Directly comparable to MICCO across emulsion explosives, detonators, initiating systems and on-site technical services; MICCO's HPEX-01 product is benchmarked against Orica's POWERGEL MAGNUM line.
Direct peers
- BME (Omnia Holdings): South African-based manufacturer of commercial explosives and blasting services for mining, quarrying and construction. Comparable to MICCO in emulsion explosives, initiating systems and integrated blasting services across African and emerging mining markets.
- Austin Powder: Privately held global industrial explosives manufacturer with operations in the Americas, Europe, Africa and Asia. Comparable to MICCO in emulsion explosives, detonators and blasting services across mining and quarrying customers.
- EPC Groupe: European-headquartered industrial explosives and blasting services group with global operations in mining, quarrying and infrastructure. Closely comparable to MICCO across emulsion explosives, detonators and on-site blasting services.
- Maxam: Spanish global explosives manufacturer with full portfolio of industrial explosives, initiation systems and ammonium nitrate — direct competitor to MICCO in commercial mining explosives and precursor supply, with significant emerging-market footprint.
- Sichuan Yahua Industrial Group: One of China's largest industrial explosives and civil detonator producers. Regional competitor to MICCO in Asian mining and infrastructure markets with overlapping product portfolio in emulsion explosives, detonators and ammonium nitrate.
Emerging players
- Solar Industries India: Indian industrial explosives and defence energetics manufacturer with growing global footprint in commercial explosives, detonators and bulk emulsions. Comparable emerging-market competitor to MICCO in coal and infrastructure mining markets.
Regional players
- Hanwha Corporation (Explosives Division): South Korean industrial explosives and chemical manufacturer with regional Asian presence. Comparable to MICCO in emulsion explosives technology (MICCO's 2013 NTLT2 line used Korean technology), serving Korean and Southeast Asian mining markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MICCO social profiles
Digital presenceMICCO financial estimates
Financial estimateRevenue estimate
Valuation estimate
MICCO leadership team
Management profileNumber of profiles
Profiles2 records
MICCO subsidiaries and ownership
Company hierarchySubsidiaries8 records
MICCO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MICCO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MICCO
What does MICCO do?
MICCO manufactures and sells industrial explosives (emulsion explosives for underground and open-pit mines, non-electric delay detonators, detonating cords, and high-energy primer blocks) along with explosive precursors (ammonium nitrate and sodium nitrate). The company also provides integrated mining services (drilling, blasting, excavation, transportation, processing) priced per cubic meter or per ton, and operates the Ministry of Industry and Trade-designated certification laboratory for industrial explosives and precursors nationwide.
Is MICCO a public or private company?
MICCO is a private company. It is classified as state government owned and is currently operating.
When was MICCO founded?
MICCO was founded in 1995.
Where is MICCO based?
MICCO is headquartered in Hanoi, Vietnam, in the Asia region.
How does MICCO make money?
Five revenue lines are on record. Industrial Explosives Manufacturing and Sales are the primary driver. The others are explosive Precursor Sales, mining Services, technical and Consulting Services and explosives Product Certification Services.
Who are MICCO's main competitors?
Broad incumbents on record are Dyno Nobel (Incitec Pivot), Yara International and Orica Limited. Direct peers are BME (Omnia Holdings), Austin Powder, EPC Groupe, Maxam and Sichuan Yahua Industrial Group. Solar Industries India is listed as an emerging player. Hanwha Corporation (Explosives Division) is listed as a regional player.
Does MICCO have an API?
No public API is recorded for MICCO.
What industry is MICCO in?
MICCO's product category is Industrial Explosives & Mining Chemicals. Its primary akta.pro industry code is IMAEALAA, Commercial Explosives (Mining & Quarrying), with a secondary code of IMAEALAH, Detonators, Initiation Systems & Fuzes. Its NAICS code is 32592 and its SIC code is 3480.