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VINACOMIN - POWER HOLDING CORPORATION

Active

Business ID 0104297034

84-24 / 3516 1605

VINACOMIN - POWER HOLDING CORPORATION

Active

Business ID 0104297034

84-24 / 3516 1605

VINACOMIN - POWER HOLDING CORPORATION

Active

Summary

Name:

VINACOMIN - POWER HOLDING CORPORATION

Business ID (TIN):

0104297034

Date of Registration:

07 Dec 2009

Registered Office:

Ha Noi City Department of Finance

Ticker:

DTK

Address:

16th Floor, Vinacomin Building, No. 3, Duong Dinh Nghe Street, Yen Hoa Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3516 1605

Fax:

(84-24) 3516 1610

Financial Statement:

2020, 2021, 2022, 2023, 2024

VINACOMIN - POWER HOLDING CORPORATION (TỔNG CÔNG TY ĐIỆN LỰC TKV - CTCP) is one of Vietnam’s most prominent power-generating enterprises, operating under a joint stock structure with majority state ownership. Registered under Business ID and Tax Code 0104297034, the corporation has been in operation since December 7, 2009, and is headquartered in Hanoi at No. 78, 2nd Floor, Sannam Building, Duy Tan Street, Cau Giay District.

Functioning as a core entity in Vietnam’s energy landscape, VINACOMIN - POWER HOLDING CORPORATION is backed by the Vietnam National Coal and Mineral Industries Holding Corporation Limited (TKV), which owns a commanding 99.27% of its shares. The company is publicly traded on the Hanoi Stock Exchange (HNX) under the ticker DTK, reflecting its transparency and status within Vietnam’s capital markets.

Financial Performance: Stable in Assets, Pressured on Profits

By the end of 2023, VINACOMIN - POWER HOLDING CORPORATION reported total assets of USD 677.79 million, showing a slight decline of 1.04% compared to the previous year. Its owner’s equity rose modestly by 1.47% to USD 334.89 million, reflecting retained earnings and a stable capital structure. Revenue rebounded strongly, reaching USD 486.01 million, an increase of 10.82% from 2022.

However, profitability remains a concern. The company’s net profit fell to USD 22.19 million, down 21.81% from the prior year. This decline is part of a multi-year trend, as profits fell by nearly 40% between 2021 and 2023. With negative working capital of USD -36.37 million, there are signals that liquidity may be tightening, possibly due to shifts in input costs, maintenance burdens, or energy pricing policies.

Leadership and Operational Footprint

The corporation is led by Mr. Ngo The Phiet, who serves as Chairman, with Mr. Ngo Tri Thinh as General Director and Mr. Doan Xuan Hieu as Deputy General Director. The organization employs over 1,900 staff members across its headquarters and regional branches in Lang Son, Bac Giang, and Quang Ninh—strategic locations for coal, mineral, and power supply lines.

Beyond electricity generation, VINACOMIN - POWER HOLDING CORPORATION is licensed for a diverse array of activities including stone quarrying, cement and refractory material production, electric machinery manufacturing, engineering services, and both freight and passenger transport. This broad registration scope supports both vertical integration and regional infrastructure development.

Risk Awareness in the Energy Sector

For investors, creditors, and supply chain partners evaluating energy infrastructure players in Vietnam, it is essential to go beyond surface-level financials. The decline in profit and working capital at VINACOMIN - POWER HOLDING CORPORATION highlights the need for careful financial risk assessment, particularly in sectors vulnerable to global energy volatility and regulatory changes.

To support these decisions, Vanguard Business Information (VBI) provides specialized financial risk management services, including private company data analysis, credit risk assessments, and early-warning indicators for large corporations such as VINACOMIN. Leveraging VBI’s intelligence helps partners evaluate solvency, liquidity, and long-term viability in an increasingly complex business environment.

Conclusion

VINACOMIN - POWER HOLDING CORPORATION remains a pillar of Vietnam’s power sector, supported by strong assets and deep state backing. However, profit decline and liquidity tightening are signals that must not be ignored. As Vietnam’s energy market transitions, the company’s ability to adapt and maintain fiscal discipline will be critical to its continued leadership and investor confidence. Stakeholders are advised to monitor its financial health closely and engage with trusted data sources such as VBI for full-spectrum business intelligence.

Legal Profile

English Name:

VINACOMIN - POWER HOLDING CORPORATION

Vietnamese Name:

TỔNG CÔNG TY ĐIỆN LỰC TKV - CTCP

Short Name:

TỔNG CÔNG TY ĐIỆN LỰC - TKV

Business ID (TIN):

0104297034

Date of Registration:

07 Dec 2009

Registered Office:

Ha Noi City Department of Finance

Ticker:

DTK

Ownership Status:

Invested by State-Owned Company

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN T.T

+ BUI M.T

+ DANG Q.L

+ NGHIEM X.C

Address:

16th Floor, Vinacomin Building, No. 3, Duong Dinh Nghe Street, Yen Hoa Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3516 1605

Fax:

(84-24) 3516 1610

Branch:

Area 4, Na Duong Commune, Lang Son Province, Vietnam

Branch:

Dong Ri Residential Group, Tay Yen Tu Commune, Bac Ninh Province, Vietnam

Branch:

Dong Son, Binh Khe Ward, Quang Ninh Province, Vietnam

Branch:

Lane 719, Duong Tu Minh Street, Quan Trieu Ward, Thai Nguyen Province, Vietnam

Branch:

No. 10, Hoang Van Thu Street, Ward 1 Bao Loc, Lam Dong Province, Vietnam

Branch:

Group 4, Quarter 4A, Cua Ong Ward, Quang Ninh Province, Vietnam

Branch:

Area 4, Na Duong Commune, Lang Son Province, Vietnam

Business Sector

Key business lines:

VSIC:

3511 Electric power generation

NAICS:

22111 Electric Power Generation

Industry Sales Growth

CAGR (2019 - 2023)

-35.63%

YoY (2023)

-44.16%

Companies by industry

Company distribution and propportions

5,028

0.1729%

Key Industry Players

Top 10 companies in electric power generation industry

petrovietnam power corporation quang ninh thermal power joint stock company vinacomin - power holding corporation power generation joint stock corporation 3 aes mong duong power company limited nghi son 2 power limited liability company power generation corporation 1 vinh tan 1 power company limited jaks hai duong power company limited janakuasa vietnam limited

Payment History

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Financial Performance

Assets	-18.17%
Owner’s Equity	-47.84%
Working Capital	-31.19%
Net Worth	27.31%
Sales	53.61%
Operating income	93.23%
EBIT	-72.05%
Gross Profit Margin	82.89%
Debt to EBITDA	-27.26%

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Opinion from Analysts

Specific Questions About VINACOMIN - POWER HOLDING CORPORATION

When did VINACOMIN - POWER HOLDING CORPORATION start operating?

VINACOMIN - POWER HOLDING CORPORATION was started in 07 Dec 2009

What industry does VINACOMIN - POWER HOLDING CORPORATION operate in?

VINACOMIN - POWER HOLDING CORPORATION is operating in "Electric power generation" industry

How can I contact VINACOMIN - POWER HOLDING CORPORATION?

VINACOMIN - POWER HOLDING CORPORATION phone numbers is 84-24 / 3516 1605

What adverse news is there about VINACOMIN - POWER HOLDING CORPORATION?

VINACOMIN - POWER HOLDING CORPORATION’s has no negative news

What is stock symbol of VINACOMIN - POWER HOLDING CORPORATION?

VINACOMIN - POWER HOLDING CORPORATION’s stock symbol is DTK

Where is the location of VINACOMIN - POWER HOLDING CORPORATION?

VINACOMIN - POWER HOLDING CORPORATION is located at 16th Floor, Vinacomin Building, No. 3, Duong Dinh Nghe Street, Yen Hoa Ward, Ha Noi City, Vietnam

What is VINACOMIN - POWER HOLDING CORPORATION’s business registration?

VINACOMIN - POWER HOLDING CORPORATION business registration is 0104297034

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VINACOMIN - POWER HOLDING CORPORATION

VINACOMIN - POWER HOLDING CORPORATION

VINACOMIN - POWER HOLDING CORPORATION

Financial Performance: Stable in Assets, Pressured on Profits

Leadership and Operational Footprint

Risk Awareness in the Energy Sector

Conclusion

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VINACOMIN - POWER HOLDING CORPORATION

VINACOMIN - POWER HOLDING CORPORATION

VINACOMIN - POWER HOLDING CORPORATION

Financial Performance: Stable in Assets, Pressured on Profits

Leadership and Operational Footprint

Risk Awareness in the Energy Sector

Conclusion

Company Profile Report

Company Standard Report

Comprehensive Report

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