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THUA THIEN HUE POWER COMPANY

Active

Business ID 0400101394-003

THUA THIEN HUE POWER COMPANY

Active

Business ID 0400101394-003

THUA THIEN HUE POWER COMPANY

Active

Summary

Name:

THUA THIEN HUE POWER COMPANY

Business ID (TIN):

0400101394-003

Date of Registration:

19 May 2010

Registered Office:

Thua Thien Hue Department of Planning and Investment

Address:

32 Ly Thuong Kiet Street, Vinh Ninh Ward, Hue City, Thua Thien Hue Province, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

THUA THIEN HUE POWER COMPANY (CÔNG TY ĐIỆN LỰC THỪA THIÊN HUẾ) is a state-owned enterprise operating under Vietnam Electricity (EVN), responsible for the transmission and distribution of electricity within Thua Thien Hue Province. The company is registered under Tax Code: 0400101394-003, with its head office located at 32 Ly Thuong Kiet Street, Vinh Ninh Ward, Hue City, Vietnam.

Established on May 19, 2010, the company has grown into a vital infrastructure arm supporting regional development. As of 2023, total assets stood at USD 69.08 million, up 24.26% year-on-year, while annual revenue reached USD 167.2 million, marking a steady 10.38% increase from 2022. Most notably, net profit jumped to USD 8.26 million, a sharp turnaround from previous losses and representing a 323.21% year-over-year surge in profitability.

Despite the financial rebound, the company reported a negative working capital of USD 29.6 million, suggesting short-term obligations continue to exceed available current assets—a common challenge among public utility firms with high operational expenditures and capital commitments.

Under the leadership of Nguyen D. P., THUA THIEN HUE POWER COMPANY maintains its core mandate in electricity transmission and distribution. Though equity growth remained modest at 0.27%, the company's ability to reverse losses and stabilize profitability is a strong signal of operational improvement and regulatory support.

For institutional partners, credit insurers, and infrastructure contractors, THUA THIEN HUE POWER COMPANY presents a relatively stable and improving financial profile, albeit with ongoing liquidity risks. To access independent business verification and risk intelligence on this and other state-owned utility branches, professionals are encouraged to consult Vanguard Business Information LLC, a leading source for government enterprise reporting, public sector credit profiles, and Vietnam electricity sector insights.

Legal Profile

English Name:

THUA THIEN HUE POWER COMPANY

Vietnamese Name:

CÔNG TY ĐIỆN LỰC THỪA THIÊN HUẾ

Short Name:

TTHPC

Business ID (TIN):

0400101394-003

Date of Registration:

19 May 2010

Registered Office:

Thua Thien Hue Department of Planning and Investment

Operation Status:

Active

Contacts

Key Decision Makers:

NGUYEN D.P

Address:

32 Ly Thuong Kiet Street, Vinh Ninh Ward, Hue City, Thua Thien Hue Province, Vietnam

Former Address:

102 NGUYEN HUE-P.PHU NHUAN-TP.HUE-THUA THIEN HUE, Other Province, Vietnam

Business Sector

Key business lines:

VSIC:

3512 Electricity transmission and distribution

Industry Sales Growth

CAGR (2019 - 2023)

-16.57%

YoY (2023)

-29.10%

Companies by industry

Company distribution and propportions

984

0.0338%

Key Industry Players

Top 10 companies in electricity transmission and distribution industry

hanoi power corporation national power transmission corporation central power corporation dong nai power company limited bac ninh power company - branch of northern power corporation quang ninh power company - branch of northern power corporation haiphong power company limited hai duong power company limited - northern power corporation thanh hoa power company - branch of northern power corporation binh duong power company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-53.47%
Owner’s Equity	-2.39%
Working Capital	-63.62%
Net Worth	-87.90%
Sales	-82.28%
Operating income	10.10%
EBIT	33.30%
Gross Profit Margin	58.49%
Debt to EBITDA	33.86%

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Negative Payment Records

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Specific Questions About THUA THIEN HUE POWER COMPANY

When did THUA THIEN HUE POWER COMPANY start operating?

THUA THIEN HUE POWER COMPANY was started in 19 May 2010

What industry does THUA THIEN HUE POWER COMPANY operate in?

THUA THIEN HUE POWER COMPANY is operating in "Electricity transmission and distribution" industry

How can I contact THUA THIEN HUE POWER COMPANY?

THUA THIEN HUE POWER COMPANY don't share phone numbers information

What adverse news is there about THUA THIEN HUE POWER COMPANY?

THUA THIEN HUE POWER COMPANY’s has no negative news

What is stock symbol of THUA THIEN HUE POWER COMPANY?

THUA THIEN HUE POWER COMPANY is not listed company

Where is the location of THUA THIEN HUE POWER COMPANY?

THUA THIEN HUE POWER COMPANY is located at 32 Ly Thuong Kiet Street, Vinh Ninh Ward, Hue City, Thua Thien Hue Province, Vietnam

What is THUA THIEN HUE POWER COMPANY’s business registration?

THUA THIEN HUE POWER COMPANY business registration is 0400101394-003

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