At its inception, VinEnergo was established with a charter capital of 2 trillion VND. Vingroup contributed 19%, while billionaire Pham Nhat Vuong invested 71%. His two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each contributed 5%.
By October 23, 2025, VinEnergo experienced a significant capital increase from 10 trillion VND to 28.335 trillion VND. Of this, 44.59% (12.133.9 trillion VND) was contributed in cash, while other assets accounted for 55.41% (15.701.1 trillion VND).
In a November 15 announcement, VinEnergo revealed that it has one foreign investor holding 1.416.8 trillion VND, equivalent to 5% of its shares.
This investor is Dynamic Invest Group Limited, based in Hong Kong, China, a name that has frequently appeared within the Vingroup ecosystem.
Additionally, Vingroup’s contribution to VinEnergo remains unchanged at 5.383.7 trillion VND, representing 19% of the charter capital.
In November, VinEnergo also announced the addition of electricity transmission and distribution (3512) to its business activities, including wholesale and retail electricity sales.
Currently, Vietnam Electricity (EVN) is the largest electricity provider in Vietnam. Since September, Nguyen Xuan Nam, Deputy General Director of EVN, has stated that EVN is not the sole retailer of electricity to consumers.
VinEnergo notes that in many residential areas and urban developments, there is a high concentration of electricity demand, yet supply remains entirely dependent on EVN. There is no mechanism for retail electricity providers associated with urban developers to participate in the competitive electricity market.
Therefore, VinEnergo proposes adding provisions for retail electricity units in residential areas, urban developments, and similar models.
A recent notable project by Vingroup in the energy sector is the Hai Phong LNG Thermal Power Plant, which broke ground in late September. Covering nearly 100 hectares, the project has a total investment of 178 trillion VND.
With a designed capacity of 4,800 MW (Phase 1: 1,600 MW, Phase 2: 3,200 MW), it 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.
Steep Fines of Up to 20 Million VND for Unreported Rooftop Solar Installations
The Ministry of Industry and Trade has proposed fines ranging from 500,000 to 3 million VND for individuals or entities installing self-generated and self-consumed power systems under 100kW that are connected to the national grid without proper reporting. For projects with a capacity of 100kW or higher, penalties can escalate up to 20 million VND.
Vingroup Surges Ahead in Cash Reserves Race, Leading 13 Firms with Over 20,000 Billion VND
In the third quarter of 2025, Vingroup Corporation emerged as the undisputed leader in the cash race, boasting an impressive cash reserve exceeding 80,000 billion VND. This remarkable feat places them far ahead of their competitors within the top 10 rankings.
Vietnam Set to Launch $14.1 Billion Mega Coastal Project Spanning 4,300 Hectares, Proposed by Vingroup
This is a cutting-edge port complex and logistics hub, seamlessly integrating state-of-the-art infrastructure with unparalleled efficiency to redefine global supply chain operations.
Steel Tycoon Rival to Hoa Phat Makes a Surprising Comeback
Pomina Steel’s restructuring efforts have garnered attention as the company unexpectedly forges ties with VinMetal, Vingroup’s newly established steel manufacturing subsidiary.
Surprise Powerhouse Injects Nearly $52 Million to Scoop Up Vietnamese Stocks in Final Week’s Session
Proprietary trading desks at securities companies unexpectedly turned net buyers on the Ho Chi Minh Stock Exchange (HOSE), scooping up a staggering VND 1.195 trillion worth of shares.
