The invention relates to an aqueous 2-component polyurethane (PU) coating composition comprising a vinyl polymer polyol dispersion, having a hydroxyl number between 10 and 264 mg KOH/g solid resin, an acid value (calculated from the sum of neutralized and non-neutralized acid groups) between 0 and 55 mg KOH/g solid resin, a number-average molecular weight Mn of at least 5000 g/mol and a weight average molecular weight Mw of at least 30,000 g/mol, a glass transition temperature of at least 20° C. and an average particle diameter of no greater than 300 nm, which is prepared in the presence of 0.1 to 10.0 wt. %, relative to the sum of the solids contents of polymer polyol and polyisocyanate, of a non-ionic polyether surfactant and a polyisocyanate having a viscosity at 23° C. of no more than 12,000 mPa*s and either a non-hydrophilic or a non-ionically or anionically hydrophilic character, whereby the equivalent ratio of isocyanate groups of component b) to hydroxyl groups of component a) is 0.2:1 to 5:1; a process for the preparation of such aqueous 2-component coating compositions, and their use as 2-component PU paints for painting any type of substrate.