VinEnergo Energy JSC has recently announced changes to its business registration. According to the announcement on November 6, 2025, the company operates in nine sectors, prominently including electricity production, electrical equipment manufacturing, electrical system installation, and electricity transmission and distribution.
Notably, VinEnergo has added new activities in the electricity transmission and distribution sector, specifically wholesale and retail electricity sales.
Established in March 2025, VinEnergo Energy JSC is a member of the Vingroup ecosystem, specializing in renewable energy. At its inception, the company had a charter capital of 2,000 billion VND. Vingroup contributed 19%, billionaire Pham Nhat Vuong contributed 71%, and his two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each contributed 5%.
Following its establishment, billionaire Pham Nhat Vuong repeatedly used VIC shares to contribute capital to VinEnergo. Most recently, on October 9, 2025, the Chairman of Vingroup’s Board of Directors used over 60 million VIC shares, equivalent to 1.55% of Vingroup’s charter capital, to invest in VinEnergo.
After the transaction, Chairman Pham Nhat Vuong’s ownership decreased from over 449.9 million VIC shares (11.59%) to over 389.9 million VIC shares (10.04%). Conversely, VinEnergo increased its holdings to over 165.7 million VIC shares, representing 4.27% of Vingroup’s capital.
On October 23, 2025, VinEnergo significantly increased its capital from 10,000 billion VND to 28,335 billion VND. Of this, 44.59% (12,133.9 billion VND) was contributed in cash, while other assets accounted for 55.41% (15,701.1 billion VND).
Currently, Ms. Nguyen Thanh Thuy, born in 1974, serves as the CEO and legal representative of the company.
VinEnergo, in partnership with Vingroup, is the investor in the Hai Phong LNG Thermal Power Plant project, which began construction on September 26, 2025, alongside the Tan Trao Industrial Zone Infrastructure Development Project (Phase 1).
The Hai Phong LNG Thermal Power Plant project, located within the Tan Trao Industrial Zone, covers nearly 100 hectares with a total investment of over 178,000 billion VND.
Rendering of the Hai Phong LNG Thermal Power Plant Project. Image: Vingroup
The plant, with a construction period of five years, is expected to commence operations by the end of 2030. It will generate approximately 9.6 billion kWh/year (Phase 1) and 19.2 billion kWh/year (Phase 2), supplying electricity to the Tan Trao Industrial Zone and significantly contributing to the national power grid. This project will also support grid regulation and reduce reliance on traditional energy sources.
With a designed capacity of 4,800 MW (1,600 MW in Phase 1 and 3,200 MW in Phase 2), the plant will be Vietnam’s largest thermal power plant, as outlined in the Government’s Power Master Plan VIII, and among the world’s leading LNG-based power plants.
LNG-generated electricity offers significant environmental advantages, producing nearly zero SO₂ emissions, no dust, and lower NOx levels compared to electricity generated from fossil fuels like coal and oil.
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