BINH DUONG POWER COMPANY LIMITED

BINH DUONG POWER COMPANY LIMITED (CÔNG TY ĐIỆN LỰC BÌNH DƯƠNG) is a key player in Vietnam’s electricity transmission and distribution sector. Established on May 21, 2010, the company operates under Business ID: 0300942001-014, registered with the Binh Duong Department of Planning and Investment. Over the past 14 years, BINH DUONG POWER COMPANY LIMITED has contributed significantly to Vietnam’s growing energy infrastructure, ensuring stable electricity supply to businesses and households.

The company is privately owned by LE MINH QUOC VIET, who plays a vital role in its strategic direction. The company’s headquarters is located at No. 233, April 30 Street, Thu Dau Mot City, Binh Duong Province, Vietnam. In addition to electricity transmission and distribution, BINH DUONG POWER COMPANY LIMITED is involved in manufacturing electric motors, transformers, and power distribution systems, as well as providing freight transport, IT services, industrial equipment installation, and engineering consultancy.

Financially, BINH DUONG POWER COMPANY LIMITED has demonstrated strong growth in recent years. As of December 31, 2023, the company’s total assets reached USD 166.17 million, a 17.73% increase compared to the previous year. Sales revenue stood at USD 1.19 billion, reflecting 1.42% growth. Most notably, the company’s profit surged by 298.66%, reaching USD 1.85 million, indicating a significant recovery from previous declines. However, equity slightly decreased by 0.11% to USD 48.38 million, signaling the need for further capital optimization.

As a major energy provider, BINH DUONG POWER COMPANY LIMITED plays a crucial role in Vietnam’s industrial and economic expansion. Its diversified operations in electrical manufacturing, infrastructure development, and technical consultancy make it a valuable asset in the country’s energy sector. The company's ability to sustain growth despite economic challenges highlights its strong operational management and market adaptability.

VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of financial and business intelligence, identifies BINH DUONG POWER COMPANY LIMITED as a key enterprise in Vietnam’s power sector. The company's steady asset growth and impressive profit rebound indicate long-term potential. However, its slight decline in equity suggests the need for financial restructuring and investment strategies to maintain stability. Investors and industry analysts looking at Vietnam’s energy market should closely monitor BINH DUONG POWER COMPANY LIMITED as it continues to expand its presence and enhance its financial performance.