THINH PHAT CABLES JOINT STOCK COMPANY

THINH PHAT CABLES JOINT STOCK COMPANY, locally known as Công Ty Cổ Phần Cáp Điện Thịnh Phát, is a well-established manufacturer of electrical wires, cables, and related electrical equipment. Headquartered at No. 64, Ta Hien Street, Thanh My Loi Ward, Thu Duc City, Ho Chi Minh City, the company also maintains offices and operational branches in Da Nang, Long An, and Hanoi, allowing it to serve a nationwide market with both production and distribution capabilities.

Founded on July 1, 2019, and registered under Business ID 0315767095, the company operates as a foreign-invested joint stock company. Its primary shareholder is PD CABLE (SG) PTE. LTD. (Singapore) with 99.99% ownership, reflecting its strategic positioning as part of the international Phelps Dodge / Stark Corporation network from Thailand and Singapore. The company is led by Mr. Sirawit Buakthruen, a Thai national serving as General Director, with Mr. Trinh Q. H. as Chief Accountant.

Despite facing recent headwinds, THINH PHAT CABLES has shown clear signs of financial resilience. In 2024, the company reported USD 97.06 million in revenue, down from previous years but stabilized after a steep decline in 2023. Significantly, it returned to profitability with USD 692,151 in net profit, reversing two years of losses. Total assets stood at USD 133.35 million, and owner's equity increased by 4.3% to USD 16.8 million, indicating gradual financial recovery. Working capital also improved substantially, rising to USD 3.02 million, a positive development that suggests improving liquidity and cash flow control.

The company’s core business activities include the manufacture and wholesale of various types of electrical cables, wiring devices, lighting equipment, and electrical accessories. It also operates in electrical installation, construction of civil and electrical works, wholesale of construction materials, and mechanical and metal-based equipment—making it one of Vietnam’s most comprehensive players in the industrial electrical infrastructure sector.

As Vietnam’s infrastructure and urban development accelerate, THINH PHAT CABLES is well-positioned to play a leading role in meeting the growing demand for high-quality, durable, and safety-compliant cables. Its multinational backing, strong domestic footprint, and revived profitability place it on track for long-term competitiveness.

For investors, developers, and engineering firms seeking trusted partners in Vietnam’s electrical and industrial supply chain, VANGUARD BUSINESS INFORMATION LLC (VNBIS) offers deep insights, credit evaluations, and reliable company reports to ensure secure and transparent collaborations with companies like THINH PHAT CABLES.