Binh Duong Mineral & Construction

What Binh Duong Mineral & Construction does

Binh Duong Mineral & Construction JSC (KSB; HOSE: KSB) is a Vietnamese public joint stock company founded in January 1993 (originally as Công ty Khai Thác Xuất Khẩu Khoáng Sản Sông Bé / SOBEMINEXCO) and renamed to its current form in 1998. The company operates three core business segments: (1) mineral mining and processing, with owned quarries holding large reserves in Bình Dương, Đồng Nai, and Thanh Hóa provinces; (2) construction materials production, including bricks and processed aggregates used as foundational materials for major infrastructure projects; and (3) industrial real estate, with active development of industrial zones including KCN Đất Cuốc (zoning approved June 2026) in Bình Dương and new zones in Đồng Nai.

KSB serves B2B/B2G customers in Southeast Vietnam, primarily construction companies, infrastructure developers, and government-funded infrastructure projects in the Ho Chi Minh City region, alongside manufacturing tenants in its industrial zones. The go-to-market is enterprise direct sales and government procurement rather than retail distribution. Revenue mechanics are quote-based one-time contracts for mineral and construction material sales, plus transaction-fee and lease revenue from industrial land and zone development. Pricing is not publicly disclosed. The company is led by Chairman Phan Tấn Đạt and operates with 501-1,000 employees.

The business model is vertically integrated from raw extraction through finished construction materials and into industrial real estate, leveraging the same land and mineral resources to support Vietnam's industrialization. Recent strategic emphasis has shifted toward industrial real estate as one of two stated future revenue pillars. The technology base is conventional mineral extraction and construction material manufacturing; no AI/ML capabilities are disclosed.

Name

Binh Duong Mineral & Construction

Legal name

Công ty Cổ phần Khoáng sản và Xây dựng Bình Dương

Website

https://bimico.com.vn

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Binh Duong Mineral & Construction (KSB) is a Vietnamese public company that extracts and processes minerals, manufactures construction materials, and develops industrial zones, primarily serving infrastructure projects, construction firms, and manufacturers in Southeast Vietnam.

Ownership category

akta.pro rank

Product category

Construction Materials & Mining

NAICS

Nonmetallic Mineral Mining and Quarrying (2123), Construction Sand and Gravel Mining (212321)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Construction Aggregates Mining & Processing (Sand, Gravel, Crushed Stone) (IMADAAAI)

akta.pro secondary industries

Sand & Gravel Extraction & Processing (IMAKAHAB), Mine Construction & Development Contracting (Shaft Sinking, Tunneling, Pre-Strip, Civil Works) (IMAKAKAG), Rock Excavation, Blasting & Quarry-Assist Works (IMAFAKAE)

Keywords

• Construction materials
• Mineral mining
• Industrial real estate
• Stone aggregates
• Building products

Headquarters

HQ city

Thái Bình

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Mineral Mining and Processing: KSB extracts and processes minerals from owned quarries in Bình Dương, Đồng Nai, and Thanh Hóa. Products include stone and quarry materials used in major construction projects. Revenue is generated through direct sales of extracted minerals to construction companies and infrastructure projects.
2. Construction Material Manufacturing: Manufacturing of construction materials including brick and related building products. Revenue generated through product sales to construction companies and developers.
3. Industrial Real Estate: Investment in industrial real estate and industrial zone development services. KSB is developing new industrial zones in Đồng Nai and Bình Dương to expand land reserves for business operations. Revenue from land leasing and industrial zone development.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Binh Duong Mineral & Construction is a Vietnamese joint stock company that operates three integrated business lines: mineral mining and processing, production and supply of construction materials (including stone aggregates and related building products), and industrial real estate development. The company supplies construction inputs and industrial property to infrastructure, building, and industrial park developers across Vietnam.

Product overview

KSB (Công ty Cổ phần Khoáng sản và Xây dựng Bình Dương) operates as a diversified mining and construction company with three core business segments: (1) Mineral Mining and Processing — extracting and processing stone from quarries in Bình Dương, Đồng Nai, and Thanh Hóa for use in regional construction projects; (2) Construction Materials Production — manufacturing building materials including bricks and processed aggregates; and (3) Industrial Real Estate — developing industrial zones such as KCN Đất Cuốc, positioned as one of two main revenue pillars alongside construction materials production. The company also maintains environmental monitoring services and sustainable development practices across its mining operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Mineral Mining and Processing

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Viglacera Corporation: Viglacera (HOSE: VGC) is one of Vietnam's largest state-owned construction materials and industrial real estate companies, producing sanitary ware, ceramics, glass, and operating industrial parks. It is the closest direct peer to KSB given the overlap in industrial zone development and downstream construction materials manufacturing serving similar Vietnamese B2B/B2G customers.
• Kinh Bắc City: Kinh Bắc City (HOSE: KBC) is a leading Vietnamese industrial real estate developer focused on industrial parks across northern Vietnam. It is directly comparable to KSB's industrial zone expansion strategy (e.g., KCN Đất Cuốc) given similar business models of land-lease-driven industrial park development.
• CEO Group: CEO Group (HOSE: CEO) is a Vietnamese real estate developer with exposure to industrial parks and integrated township projects. It is comparable to KSB's industrial real estate segment given shared focus on industrial zone development and B2B land-lease business models.
• Vinaconex: Vinaconex (HOSE: VCG) is a major Vietnamese construction conglomerate producing cement, concrete, and aggregates, while also engaging in real estate development. It competes directly with KSB in construction materials and shares the exposure to Vietnam's infrastructure cycle.

Regional players

• Lilama Corporation: Lilama (HNX: LMH) is a Vietnamese state-owned contractor specializing in industrial construction, plant erection, and mechanical installation. It is comparable to KSB given overlap in serving Vietnam's industrial and infrastructure project pipeline, though it operates more in construction services than materials.
• BIC Việt Nam (Bát Tràng Holdings): Bát Tràng Holdings operates in Vietnamese construction materials and real estate. It is comparable to KSB in serving the domestic construction materials supply chain, though with a narrower geographic focus.

Broad incumbents

• Hòa Phát Group: Hòa Phát (HOSE: HPG) is Vietnam's largest steel producer and a major construction materials company. It is a broad incumbent in the same downstream construction materials market KSB serves, though its scale and product mix (steel-led) make it broader than KSB's aggregates-and-bricks focus.
• Hoa Sen Group: Hoa Sen Group (HOSE: HSG) is a leading Vietnamese manufacturer and distributor of steel sheets and construction materials. It operates in the same downstream construction supply chain as KSB but focuses on metal-based products rather than stone aggregates and bricks.
• Vicem (Vietnam Cement Industry Corporation): Vicem is Vietnam's largest state-owned cement producer and a dominant player in construction inputs. It is a broad incumbent comparable to KSB as both serve the upstream construction materials supply chain feeding Vietnamese infrastructure and real estate demand.

Emerging players

• FECON Corporation: FECON (HOSE: FCN) is a Vietnamese foundation engineering and infrastructure contractor with exposure to civil construction and mining-related services. It is comparable to KSB as a complementary player serving Vietnam's construction and heavy civil markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bimico

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Binh Duong Mineral & Construction