HANOI POWER CORPORATION

HANOI POWER CORPORATION (TỔNG CÔNG TY ĐIỆN LỰC THÀNH PHỐ HÀ NỘI), also known as EVN HANOI, is a one-member limited liability company specializing in electricity transmission and distribution. Established on April 2, 2010, and registered with the Hanoi Planning and Investment Department, the company plays a pivotal role in Vietnam’s power sector. As a privately held entity, it is fully owned by Vietnam Electricity (EVN), which holds 100% of its shares. The company’s core business activities include the distribution and trading of electricity, as well as the provision of electrical equipment, ensuring the region's stable energy supply and aligning with effective Risk Management practices.

The leadership of HANOI POWER CORPORATION is led by Chairman Nguyen Anh Tuan, along with General Director Nguyen Danh Duyen and Deputy General Director Mai Chi Hung. These executives oversee a workforce of approximately 8,000 employees, ensuring operational efficiency and strategic growth. The company’s focus on infrastructure and service expansion plays a critical role in Vietnam’s energy security and sustainable development.

Financially, HANOI POWER CORPORATION has demonstrated significant growth. As of December 31, 2023, the company reported total assets of USD 1.37 billion, reflecting a 2.31% increase year over year. Its total sales reached USD 2.14 billion, marking a substantial 11.32% rise from the previous year. However, net profit experienced a slight decline of 4.06%, settling at USD 1.08 million. The company’s equity stood at USD 448.61 million, indicating a strong financial foundation for long-term operations.

With a charter capital of USD 406.39 million and a paid-up capital of USD 447.51 million, HANOI POWER CORPORATION remains financially stable and well-positioned for future growth. While the company does not specialize in Business Verification Services, firms like Vanguard Business Information (VBI) play a crucial role in providing Private Financial Data analysis and verification for businesses operating in Vietnam. VBI supports companies in assessing financial stability and mitigating risks in their partnerships.

As a key player in Vietnam’s power sector, HANOI POWER CORPORATION continues to focus on sustainable energy distribution and technological advancements. Its solid financial framework, strategic leadership, and commitment to efficiency contribute significantly to the country’s economic development, while firms like VBI provide essential verification services to enhance business transparency.