Quang Ninh Province Department of Planning and Investment
Mong Duong Ward, Cam Pha City, Quang Ninh Province, Vietnam
84-203 / 6261 089
2020, 2021, 2022, 2023, 2024
Company Overview
AES Mong Duong Power Company Limited (Công Ty TNHH Điện Lực AES Mông Dương) is a foreign direct investment (FDI) company specializing in electric power generation in Vietnam. The company was officially registered on April 8, 2010, and has been operating for over 14 years. It is headquartered in Mong Duong Ward, Cam Pha City, Quang Ninh Province, Vietnam, with a representative office in Hanoi.
Key Financials (2023)
Total Assets: USD 1.28 billion (declined by 2.24% YoY)
Total Sales: USD 570.78 million (growth of 8.17% YoY)
Profit: USD 129.43 million (growth of 12.99% YoY)
Equity: USD 586.16 million (growth of 11.75% YoY)
Net Worth: USD 585.48 million
Working Capital: USD 14.42 million (significant growth of 195.49% YoY)
Ownership Structure
AES Mong Duong Power Company Limited is owned by three major international shareholders:
AES Mong Duong Holdings B.V. (Netherlands) – 51%
POSCO International Corporation (South Korea) – 30%
Stable Investment Corporation (China) – 19%
Management Team
Director:Johnny Tanis (American)
Chief Executive Officer (CEO):Joseph Frank Uddo III (American)
Chief Financial Officer (CFO):Kim Bum Seok (South Korean)
Operational Insights
AES Mong Duong primarily focuses on electric power generation. It operates a large-scale power plant in Quang Ninh, contributing to Vietnam’s electricity supply.
The company has a charter capital and paid-up capital of USD 320.3 million as of December 31, 2023. With 320 employees, the company has been steadily growing, with improved profitability and equity strength over the past years.
Business Contact
Head Office: Mong Duong Ward, Cam Pha City, Quang Ninh Province, Vietnam
Hanoi Office: Unit 302, Floor 3, Asia Tower, No. 6, Nha Tho Street, Hang Trong Ward, Hoan Kiem District, Hanoi, Vietnam
Phone: (+84-24) 3933 3578
Conclusion
AES Mong Duong Power Company Limited is a major foreign-invested power generation company in Vietnam. With strong financial performance, strategic international shareholders, and a growing profit base, the company plays a key role in the country’s energy sector.
Legal Profile
AES MONG DUONG POWER COMPANY LIMITED
CÔNG TY TNHH ĐIỆN LỰC AES MÔNG DƯƠNG
5701384498
08 Apr 2010
Quang Ninh Province Department of Planning and Investment
FDI
Active
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