TUYEN QUANG Power Company (Công ty Điện lực Tuyên Quang – PCTQ) is a long-established state-owned branchunder Northern Power Corporation (EVNNPC), officially registered since 20 May 1996. Operating for more than 29 years, the company manages electricity distribution across Tuyên Quang Province—an essential public-utility role within Vietnam’s national power system.

Legal Status & Registration

• Type: Branch of Northern Power Corporation

• Business ID: 0100100417-014

• Tax Code: 0100100417-014

• Registration Authority: DPI Tuyên Quang

• Paid-up Capital (2023): USD 30.36 million

The company’s legal structure as an EVNNPC branch indicates strong government backing, stable operational continuity, and integration within the state power distribution network.

Management & Key Personnel

Leadership is concentrated under:

• Owner / Director: Ha H. T., a Vietnamese national responsible for executive oversight and operational management.

Financial Overview (2021–2023)

TUYEN QUANG Power Company exhibits the typical financial profile of a provincial electricity distributor—large asset base, stable revenue streams, and pressure from regulatory pricing constraints.

Key figures for FY2023:

• Total Assets: USD 71.18 million

• Owner’s Equity: USD 30.36 million

• Sales Revenue: USD 97.89 million

• Profit: USD –12.31 million

Despite rising revenue and expanding assets, the company continues to record persistent losses, a common pattern among provincial power units due to high infrastructure costs and regulated retail electricity prices.

Growth Dynamics

• Assets: +14.51% YoY (2023)

• Equity: +16.40% YoY (2023)

• Sales: +9.39% YoY (2023)

• Profit: Essentially flat YoY, but still negative

These numbers show structural expansion and improved capital position, but profitability remains constrained.

Operational Role

As the province’s central electricity provider, PCTQ manages grid operations, distribution systems, and retail service across Tuyên Quang. Its strategic importance is tied to:

• Local industrial zones

• Residential electricity demand

• Provincial infrastructure growth

However, the report indicates no detailed business line disclosures, common for state-run electricity branches.

Why This Company Matters

TUYEN QUANG Power Company is a critical state-owned utility with strong asset growth but continued losses—making it a significant case for lenders, contractors, and investors who need to understand risk exposure when working with provincial electricity entities.