THUA THIEN HUE POWER COMPANY

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.