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.