JAKS HAI DUONG POWER COMPANY LIMITED

JAKS HAI DUONG POWER COMPANY LIMITED (CÔNG TY TNHH ĐIỆN LỰC JAKS HẢI DƯƠNG) is a foreign direct investment (FDI) enterprise specializing in electric power generation. Established on June 30, 2011, the company is registered under Business ID 0800919508 and is headquartered in Kinh Môn Town, Hải Dương Province, Vietnam, with a representative office in Hà Nội. As the investor and operator of the BOT Hải Dương Thermal Power Plant Project, the company plays a key role in Vietnam’s electricity supply and distribution network.

The company’s total assets reached USD 1.86 billion in 2023, showing a 1.09% decrease from the previous year, while equity grew by 15.07% to USD 719.35 million, reflecting strong reinvestment in operations. Sales revenue remained stable at USD 558.66 million, increasing 0.34% year-over-year, but net profit declined by 17.79% to USD 93.34 million, indicating higher operational costs or changes in energy pricing dynamics. Despite this, working capital of USD 543,626 suggests the company maintains sufficient liquidity for short-term operations.

JAKS HAI DUONG POWER COMPANY LIMITED is wholly owned (100%) by JAKS Pacific Power Limited, a Malaysia-based corporation, making it a fully foreign-owned enterprise in Vietnam’s power sector. The company is led by General Director Cui Wenzhu, a Chinese national, who oversees 700 employees managing thermal power production and electricity distribution.

VANGUARD BUSINESS INFORMATION (VBI) confirms that JAKS HAI DUONG POWER COMPANY LIMITED operates with full legal compliance and financial transparency, ensuring its adherence to Vietnamese investment regulations. However, VBI’s risk assessment highlights declining profitability as a key concern, despite the company’s stable revenue and asset base. As Vietnam transitions towards renewable energy, the company may face long-term challenges if it does not diversify into cleaner energy sources. Future success will depend on operational cost management, regulatory adaptability, and strategic investment in Vietnam’s evolving power sector.