Electricity Company with 2,000 Billion Capital Established by Billionaire Pham Nhat Vuong: How Much of the Stake Do His Two Sons Hold?

Billionaire Pham Nhat Vuong, Chairman of Vingroup, has just established the VinEnergo Joint Stock Company with a charter capital of 2,000 billion VND, operating in the electricity production sector. Vuong holds 71% of the shares, while his two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each hold 5%. VinEnergo is located in Hanoi and is part of Vingroup’s expansion plans into renewable energy. Recently, Vingroup proposed to add numerous solar and wind power projects totaling 47,500 MW to the national power planning, with an estimated investment of about 20-25 billion USD. These projects will be implemented in 7 provinces with the potential for renewable energy development. Vingroup’s goal is to form a national energy center, contributing to Vietnam’s green transition objectives.