POWER GENERATION JOINT STOCK CORPORATION 3

POWER GENERATION JOINT STOCK CORPORATION 3 (TỔNG CÔNG TY PHÁT ĐIỆN 3 - CÔNG TY CỔ PHẦN) is a publicly held company specializing in electric power generation. Established on November 26, 2012, the company is registered with the Ho Chi Minh Department of Planning and Investment. It operates under the stock symbol PGV and is listed on the UPCOM exchange. The company's tax identification number (TIN) is 3502208399.

The company is led by chairman Dinh Quoc Lam, with Le Van Danh serving as the general director and Nguyen Thi Thanh Huong as the deputy general director. With a workforce of 2,761 employees, POWER GENERATION JOINT STOCK CORPORATION 3 is headquartered at No. 60-66, Nguyen Co Thach Street, Sala Urban Area, An Loi Dong Ward, Thu Duc City, Ho Chi Minh City, Vietnam. It also has branches in Dak Lak, Quang Ninh, and Thai Binh, supporting its power generation and infrastructure operations.

Despite being a key player in Vietnam’s energy sector, the company faced a challenging financial year in 2023. As of December 31, 2023, POWER GENERATION JOINT STOCK CORPORATION 3 reported total assets of 2.32 billion USD, marking an 11.1% decline from the previous year. Total sales stood at 1.81 billion USD, reflecting a 3.71% decrease. Net profit dropped by 44.5%, reaching 50.33 million USD. The company’s equity also fell by 10.83%, amounting to 569.39 million USD. These figures highlight the impact of economic fluctuations and market challenges on its performance.

The company is 99.19% owned by Vietnam Electricity (EVN), with the remaining shares held by other investors and company staff. Its core business includes the manufacture and trade of electricity, as well as the management, operation, repair, maintenance, and upgrade of electrical equipment and infrastructure. It is also involved in the mining of lignite, hard coal, and petroleum extraction.

While POWER GENERATION JOINT STOCK CORPORATION 3 focuses on power production, Vanguard Business Information (VBI) plays a crucial role in business verification services, ensuring compliance and transparency in the industry. VBI’s expertise in private financial data analysis helps investors and partners assess the financial stability and risk profile of companies operating in Vietnam.

Looking ahead, POWER GENERATION JOINT STOCK CORPORATION 3 aims to enhance operational efficiency and navigate market challenges to maintain its position in Vietnam’s energy sector. Its commitment to infrastructure development and power generation is essential for supporting the country’s growing electricity demands.