Foreign Shareholder Identity Holding 5% of VinEnergo’s Chartered Capital

According to the announcement of changes in business registration content dated November 15, 2025, VinEnergo Energy JSC has undergone a shift in its shareholder structure.

Specifically, VinEnergo announced that foreign shareholder Dynamic Invest Group Limited now holds 5% of the charter capital, equivalent to VND 1,416.8 billion in contributed capital.

Dynamic Invest Group Limited is headquartered in Hong Kong, China. This shareholder has previously invested in various enterprises within the Vingroup ecosystem.

The announcement also revealed that Vingroup (stock code: VIC) contributed VND 5,383 billion, representing 19% of VinEnergo’s charter capital.

On November 6, the company registered nine business sectors, prominently including electricity production, electrical equipment manufacturing, electrical system installation, electricity transmission, and distribution.

Among these, VinEnergo added new activities in electricity transmission and distribution, 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, VinEnergo had a charter capital of VND 2,000 billion. 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 contribute to VinEnergo Energy JSC.

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, equivalent to 4.27% of Vingroup’s capital.

On October 23, 2025, VinEnergo significantly increased its capital from VND 10,000 billion to VND 28,335 billion. Of this, 44.59% (VND 12,133.9 billion) was contributed in cash, while other assets accounted for 55.41% (VND 15,701.1 billion).

Currently, Ms. Nguyen Thanh Thuy, born in 1974, serves as the General Director and legal representative of the company.

VinEnergo, in partnership with Vingroup, is the investor in the Hai Phong LNG Thermal Power Plant Project, which commenced construction on September 26, 2025, alongside the Tan Trao Industrial Zone Infrastructure Development Project (Phase 1).

The Hai Phong LNG Thermal Power Plant Project is located within the Tan Trao Industrial Zone, covering nearly 100 hectares, with a total investment of over VND 178,000 billion.

The project is expected to be completed within five years and will begin operations by the end of 2030. The plant 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 will help regulate the grid system 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), it will be Vietnam’s largest thermal power plant, as outlined in the Government’s Power Master Plan VIII, and one of the world’s leading LNG-based power plants.

Electricity generated from LNG offers significant environmental advantages, including minimal SO₂ emissions, no dust production, and lower NOx levels compared to electricity produced from fossil fuels like coal and oil.