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VINH TAN 1 POWER COMPANY LIMITED

Active

Business ID 3401060812

84-252 / 625 8888

VINH TAN 1 POWER COMPANY LIMITED

Active

Business ID 3401060812

84-252 / 625 8888

VINH TAN 1 POWER COMPANY LIMITED

Active

Summary

Name:

VINH TAN 1 POWER COMPANY LIMITED

Business ID (TIN):

3401060812

Date of Registration:

10 Oct 2013

Registered Office:

Binh Thuan Department of Planning and Investment

Address:

Floor 6, Viettel Building, Phu Thuy Ward, Phan Thiet City, Binh Thuan Province, Vietnam

Phone:

84-252 / 625 8888

Fax:

(84-252) 626 7133

Financial Statement:

2020, 2021, 2022, 2023, 2024

Vinh Tan 1 Power Company Limited (VTPC-1) is a prominent player in Vietnam’s energy sector, specializing in electric power generation. Established on October 10, 2013, and headquartered in Binh Thuan Province, the company operates under the Build-Operate-Transfer (BOT) model, managing the Vinh Tan 1 Thermal Power Plant. With a charter capital of USD 307.16 million and total assets valued at USD 1.43 billion as of December 31, 2023, VTPC-1 is a key contributor to Vietnam’s power infrastructure.

Financial Performance and Stability

Vinh Tan 1 Power Company Limited has demonstrated strong financial performance despite market challenges. In 2023, the company reported total sales of USD 572.83 million, reflecting a slight decline of 2.74% year-over-year (YoY). However, it maintained a robust profit margin, generating USD 135.68 million in profit, though this represented a 7.73% decrease YoY. The company’s total assets grew by 0.51% YoY, reaching USD 1.43 billion, showcasing its financial resilience.

Despite a decline in equity by 24.81% YoY to USD 366.45 million, VTPC-1 remains a financially stable entity with a net worth of USD 365.54 million. The company’s ability to sustain profitability and asset growth highlights its operational efficiency and strategic management.

Leadership and Ownership

VTPC-1 is led by Chairman Chen Liangjing and General Director Zheng Zhi Qiang, both of whom bring extensive expertise to the company. The ownership structure reflects strong international collaboration, with China Southern Power Grid Co., Ltd holding a 55% stake and China Power International Holding Limited owning 40%. The remaining 5% is held by Vinacomin - Power Holding Corporation, a Vietnamese entity. This partnership underscores the company’s global reach and commitment to delivering reliable energy solutions.

Core Business Activities

The company’s primary focus is on the construction, operation, and transfer of the Vinh Tan 1 Thermal Power Plant, a critical infrastructure project supporting Vietnam’s energy needs. Registered under the business activity of electric power generation, VTPC-1 plays a vital role in ensuring a stable power supply for industrial and residential consumers.

Strategic Presence and Future Outlook

Vinh Tan 1 Power Company Limited operates from its head office in Binh Thuan Province, with a representative office in Hanoi, ensuring a strong presence across Vietnam. The company’s strategic location and advanced infrastructure position it as a key contributor to Vietnam’s energy security.

Looking ahead, VTPC-1 is well-positioned to capitalize on Vietnam’s growing energy demand. With its strong financial foundation, experienced leadership, and international partnerships, the company is poised for continued growth and innovation in the power generation sector.

Conclusion
Vinh Tan 1 Power Company Limited is a cornerstone of Vietnam’s energy landscape, combining financial stability, strategic leadership, and international collaboration. As the country’s energy needs continue to rise, VTPC-1 remains committed to delivering reliable and sustainable power solutions, ensuring its position as a leader in the industry.

Legal Profile

English Name:

VINH TAN 1 POWER COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH ĐIỆN LỰC VĨNH TÂN 1

Short Name:

VTPC-1

Business ID (TIN):

3401060812

Date of Registration:

10 Oct 2013

Registered Office:

Binh Thuan Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ CHEN L

+ ZHENG Z.Q

+ PHAN N.C.T

Address:

Floor 6, Viettel Building, Phu Thuy Ward, Phan Thiet City, Binh Thuan Province, Vietnam

Phone:

84-252 / 625 8888

Fax:

(84-252) 626 7133

Head Office:

BOT Vinh Tan 1 Thermoelectric Factory, Vinh Phuc Hamlet, Vinh Tan Commune, Tuy Phong District, Binh Thuan Province, Vietnam

Representative office:

22nd Floor, East Tower, Lotte Ha Noi Center, No. 54 Lieu Giai Street, Cong vi Ward, Ba Dinh District, Ha Noi City, Vietnam

Other:

Vinh Tan Commune, Tuy Phong District, Binh Thuan 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	-82.33%
Owner’s Equity	59.61%
Working Capital	-13.53%
Net Worth	-27.49%
Sales	95.41%
Operating income	-71.38%
EBIT	33.78%
Gross Profit Margin	50.84%
Debt to EBITDA	13.46%

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Specific Questions About VINH TAN 1 POWER COMPANY LIMITED

When did VINH TAN 1 POWER COMPANY LIMITED start operating?

VINH TAN 1 POWER COMPANY LIMITED was started in 10 Oct 2013

What industry does VINH TAN 1 POWER COMPANY LIMITED operate in?

VINH TAN 1 POWER COMPANY LIMITED is operating in "Electric power generation" industry

How can I contact VINH TAN 1 POWER COMPANY LIMITED?

VINH TAN 1 POWER COMPANY LIMITED phone numbers is 84-252 / 625 8888

What adverse news is there about VINH TAN 1 POWER COMPANY LIMITED?

VINH TAN 1 POWER COMPANY LIMITED’s has no negative news

What is stock symbol of VINH TAN 1 POWER COMPANY LIMITED?

VINH TAN 1 POWER COMPANY LIMITED is not listed company

Where is the location of VINH TAN 1 POWER COMPANY LIMITED?

VINH TAN 1 POWER COMPANY LIMITED is located at Floor 6, Viettel Building, Phu Thuy Ward, Phan Thiet City, Binh Thuan Province, Vietnam

What is VINH TAN 1 POWER COMPANY LIMITED’s business registration?

VINH TAN 1 POWER COMPANY LIMITED business registration is 3401060812

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VINH TAN 1 POWER COMPANY LIMITED