HA NOI WATER COMPANY LIMITED

HA NOI WATER COMPANY LIMITED, HA NOI WATER COMPANY LIMITED, HA NOI WATER COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN NƯỚC SẠCH HÀ NỘI) is a state-owned one-member limited liability company operating Vietnam’s most critical urban utility segment: water collection, treatment, and supply. The company was officially registered on 10 June 2008, holds Business ID / Tax Identification Number (TIN): 0100106225, and is headquartered at 44 Yen Phu Street, Ba Dinh Ward, Ha Noi City, Vietnam. 

Company Profile Report-HA NOI W…

Legal status and ownership structure

HA NOI WATER COMPANY LIMITED operates under a state-owned ownership model, with 100% of equity held by the Hanoi People’s Committee. The company has a charter capital of USD 140.18 million, while paid-up capital reached USD 140.92 million as of 30 June 2024, underscoring strong capital backing from the municipal authority. With more than 17 years of operational history, the company plays a central role in Hanoi’s public infrastructure system and essential services network. 

Core operations and business scope

The company’s principal activity is the manufacturing, distribution, and trading of clean water for residential, commercial, and institutional users across Hanoi. Beyond its core utility function, the registered business scope is notably broad, covering real estate consultancy, warehousing and storage, civil engineering works, plumbing and water installation services, and even non-alcoholic beverage and mineral water manufacturing. While many of these activities are ancillary, they reflect the company’s integrated infrastructure and asset-utilization strategy rather than a pure single-function utility model. 

Operationally, HA NOI WATER COMPANY LIMITED maintains multiple branches across Hanoi, supporting distribution, network maintenance, and customer service in different districts of the capital.

Management and key personnel

The company’s governance structure reflects its public-sector nature. Nguyen B. V. serves as Chairman, overseeing strategic direction and alignment with city-level infrastructure policies. Day-to-day operations are managed by Tran Q. H., General Director, supported by Dang N. H., Deputy General Director. The management team consists entirely of Vietnamese nationals and operates within a framework shaped by public service obligations and regulatory oversight. As of the latest reporting period, the company employs approximately 2,520 staff, highlighting its scale as one of the largest municipal utilities in Vietnam. 

Financial performance and stability

Financially, HA NOI WATER COMPANY LIMITED remains a high-asset, stable-profit enterprise. As of the end of fiscal year 2024, the company reported total assets of USD 241.33 million, a 14.77% year-on-year decline following a peak in 2023. Owner’s equity stood at USD 149.65 million, down 5.36% year-on-year, largely reflecting balance-sheet adjustments rather than operational stress.

Revenue performance remained resilient. Total sales reached USD 107.35 million in 2024, marking a 4.35% increase year-on-year, while profit rose to USD 9.37 million, up 2.5% compared with 2023. Over the 2022–2024 period, profits have grown steadily, supported by regulated pricing, stable demand, and the essential nature of water supply in an expanding metropolitan area. Working capital declined to USD 43.57 million, but remains adequate for a utility business with predictable cash flows. 

Risk considerations and strategic relevance

From a risk perspective, HA NOI WATER COMPANY LIMITED benefits from monopoly-like positioning, government ownership, and stable demand, which significantly reduce credit and counterparty risk. However, capital-intensive infrastructure requirements, regulatory pricing constraints, and rising urban water demand place continuous pressure on asset renewal and long-term investment planning. Any counterparty exposure involving the company should therefore consider not only its strong balance sheet but also its dependence on public policy and municipal budget priorities.

As a leading provider of business intelligence, financial analysis, and risk assessment services, VANGUARD BUSINESS INFORMATION LLC (VBI) delivers in-depth company profile reports, financial reports, and due-diligence assessments on HA NOI WATER COMPANY LIMITED and thousands of other state-owned and private enterprises across Vietnam. These insights help investors, lenders, and suppliers evaluate not just financial strength, but also governance structure, ownership risk, and long-term operational sustainability in Vietnam’s regulated utility sectors.