HAI DUONG POWER COMPANY LIMITED - NORTHERN POWER CORPORATION

HAI DUONG POWER COMPANY LIMITED - NORTHERN POWER CORPORATION (CÔNG TY TNHH MTV ĐIỆN LỰC HẢI DƯƠNG - TỔNG CÔNG TY ĐIỆN LỰC MIỀN BẮC), registered under Business ID 0800356171, is one of many state-owned enterprises (SOEs) operating in Vietnam’s electric power industry. The company was established on March 2, 2005, and plays a crucial role in the transmission and distribution of electricity across Hai Duong Province.

As a subsidiary of Northern Power Corporation (EVNNPC), it operates within the framework of Vietnam Electricity (EVN), the national power utility. The company is headquartered at No. 33, Ho Chi Minh Avenue, Nguyen Trai Ward, Hai Duong City, Hai Duong Province, Vietnam, with multiple branches across the province.

Vietnam’s Power Sector and HAI DUONG POWER COMPANY LIMITED’s Role

Vietnam’s electricity sector is dominated by state-owned power corporations like EVN, which oversee generation, transmission, and distribution. The industry has witnessed rapid expansion due to rising energy demands, fueled by industrialization, urbanization, and population growth.

As part of EVNNPC, HAI DUONG POWER COMPANY LIMITED ensures stable power supply, infrastructure maintenance, and customer service within Hai Duong Province, supporting local industries, businesses, and households.

The company’s primary activities include:

• Electricity transmission and distribution
• Infrastructure maintenance and development for electrical grids
• Installation and repair of power systems
• Manufacturing and servicing electrical equipment
• Providing energy management and consultancy services

With Vietnam’s increasing focus on renewable energy, state-owned companies like HAI DUONG POWER COMPANY LIMITED are expected to play a role in transitioning towards more sustainable energy sources.

Management and Workforce

The company is led by Chairman cum Director Mr. Pham Trung Nghia, ensuring compliance with government regulations and effective power distribution strategies.

With a workforce of 1,500 employees, the company operates multiple service points and maintenance teams to ensure uninterrupted electricity supply to Hai Duong Province.

Market Performance and Financial Stability

As an SOE, HAI DUONG POWER COMPANY LIMITED maintains stable operations despite fluctuations in the power sector. In 2023, the company recorded:

• Total Sales: USD 495.65 million (5.27% YoY growth)
• Total Assets: USD 117.96 million (-4.01% YoY decline)
• Profit: USD 242,372 (9.49% YoY increase)

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As a key state-owned power distributor, HAI DUONG POWER COMPANY LIMITED - NORTHERN POWER CORPORATION plays a vital role in ensuring reliable electricity supply across Hai Duong Province. With a growing demand for energy and expanding infrastructure, the company continues to be an essential part of Vietnam’s power sector modernization and sustainability efforts.

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