NORTH POWER JOINT STOCK COMPANY

North Power Joint Stock Company: A Stable Force in Vietnam's Electrical Engineering Sector

North Power Joint Stock Company, legally registered under Tax Code 0100752865, is a long-established Vietnamese enterprise in electrical engineering and construction. With its headquarters at No. 8, Alley 124/68 Au Co Street, Phu Thuong Ward, Tay Ho District, Hanoi, Vietnam, the company has consistently maintained its position as a trusted contractor for transmission lines and transformer stations nationwide.

Legal and Operational Background

Founded in 2000, North Power Joint Stock Company is a joint-stock entity that specializes in the construction and installation of medium—and high-voltage power lines, substations, and electrical systems. Its business also extends to the procurement of materials and equipment for electrical projects. Over the past two decades, the company has built a robust track record in project execution for public and private clients.

Leadership and Key Personnel

The company's strategic direction is shaped by General Director Doan T. D., whose leadership has been instrumental in maintaining stable operations and navigating industry challenges. With experience managing complex energy infrastructure projects, Mr. Doan is critical in ensuring the company's technical performance and compliance with Vietnamese construction and safety regulations.

Financial Performance Overview

North Power Joint Stock Company has shown consistent financial results over recent years, reflecting cautious but steady growth:

The company’s revenue growth is modest, increasing from VND 132.8 billion in 2021 to VND 137.2 billion in 2023, demonstrating stable project acquisition in a competitive sector. Net profit rose from VND 3.66 billion to VND 4.35 billion, indicating efficient cost control and contract execution. The total assets have also increased slightly, suggesting the company has been reinvesting in equipment or maintaining a healthy balance sheet.

However, the low margins in this industry and slow revenue growth highlight the capital-intensive nature of the electrical infrastructure business in Vietnam. The firm’s success will depend on its ability to win larger public-sector contracts and adapt to evolving technologies in power transmission.

Industry Outlook and Risk Assessment

The Vietnamese government's continued investment in expanding the national grid and promoting renewable energy presents a favorable macroeconomic backdrop. With its established reputation and technical capacity, North Power Joint Stock Company is well-positioned to benefit from these developments. However, competition remains fierce, and project delays, pricing pressures, or regulatory shifts could affect future performance.