Viet Nam Power Development JSC (VPD) - Net Assets
Based on the latest financial reports, Viet Nam Power Development JSC (VPD) has net assets worth ₫1.62 Trillion VND (≈ $61.72 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫1.78 Trillion ≈ $67.66 Million USD) and total liabilities (₫156.24 Billion ≈ $5.94 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read VPD total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.62 Trillion |
| % of Total Assets | 91.23% |
| Annual Growth Rate | 5.08% |
| 5-Year Change | 19.06% |
| 10-Year Change | N/A |
| Growth Volatility | 9.2 |
Viet Nam Power Development JSC - Net Assets Trend (2020–2025)
This chart illustrates how Viet Nam Power Development JSC's net assets have evolved over time, based on quarterly financial data. Also explore Viet Nam Power Development JSC (VPD) total assets for the complete picture of this company's asset base.
Annual Net Assets for Viet Nam Power Development JSC (2020–2025)
The table below shows the annual net assets of Viet Nam Power Development JSC from 2020 to 2025. For live valuation and market cap data, see how much is Viet Nam Power Development JSC worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.62 Trillion ≈ $61.72 Million |
+15.76% |
| 2024-12-31 | ₫1.40 Trillion ≈ $53.32 Million |
-10.52% |
| 2023-12-31 | ₫1.57 Trillion ≈ $59.58 Million |
+2.31% |
| 2022-12-31 | ₫1.53 Trillion ≈ $58.24 Million |
+12.35% |
| 2021-12-31 | ₫1.36 Trillion ≈ $51.84 Million |
+7.59% |
| 2020-12-31 | ₫1.27 Trillion ≈ $48.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Viet Nam Power Development JSC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 236.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫416.54 Billion | 25.64% |
| Other Components | ₫1.21 Trillion | 74.36% |
| Total Equity | ₫1.62 Trillion | 100.00% |
Viet Nam Power Development JSC Competitors by Market Cap
The table below lists competitors of Viet Nam Power Development JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Negri Sembilan Oil Palms Bhd
KLSE:2038
|
$99.23 Million |
|
Soma Gold Corp
V:SOMA
|
$99.25 Million |
|
Vittia Fertilizantes
SA:VITT3
|
$99.28 Million |
|
Miwon Holdings Co. Ltd
KO:107590
|
$99.33 Million |
|
Muhibbah Engineering M Bhd
KLSE:5703
|
$99.20 Million |
|
STARPHARMA HLDG.SP.ADR/10
F:PQ6A
|
$99.13 Million |
|
Premier Technology Public Company Limited
BK:PT
|
$99.10 Million |
|
Technos S.A
SA:TECN3
|
$99.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viet Nam Power Development JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,403,334,289,504 to 1,624,456,675,932, a change of 221,122,386,428 (15.8%).
- Net income of 262,381,150,978 contributed positively to equity growth.
- Dividend payments of 168,077,665,922 reduced retained earnings.
- Other factors increased equity by 126,818,901,372.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫262.38 Billion | +16.15% |
| Dividends Paid | ₫168.08 Billion | -10.35% |
| Other Changes | ₫126.82 Billion | +7.81% |
| Total Change | ₫- | 15.76% |
Book Value vs Market Value Analysis
This analysis compares Viet Nam Power Development JSC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.61x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.06x to 1.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₫11897.48 | ₫24500.00 | x |
| 2021-12-31 | ₫12800.08 | ₫24500.00 | x |
| 2022-12-31 | ₫14380.86 | ₫24500.00 | x |
| 2023-12-31 | ₫14713.14 | ₫24500.00 | x |
| 2024-12-31 | ₫13165.77 | ₫24500.00 | x |
| 2025-12-31 | ₫15240.29 | ₫24500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viet Nam Power Development JSC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.70%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.10x
- Recent ROE (16.15%) is above the historical average (13.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 6.34% | 17.67% | 0.21x | 1.70x | ₫-46.39 Billion |
| 2021 | 12.03% | 28.86% | 0.27x | 1.52x | ₫27.65 Billion |
| 2022 | 18.53% | 41.68% | 0.34x | 1.31x | ₫130.73 Billion |
| 2023 | 12.15% | 35.15% | 0.30x | 1.16x | ₫33.67 Billion |
| 2024 | 15.12% | 36.20% | 0.34x | 1.24x | ₫71.89 Billion |
| 2025 | 16.15% | 37.70% | 0.39x | 1.10x | ₫99.94 Billion |
Industry Comparison
This section compares Viet Nam Power Development JSC's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $4,371,155,940,661
- Average return on equity (ROE) among peers: 8.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viet Nam Power Development JSC (VPD) | ₫1.62 Trillion | 6.34% | 0.10x | $99.22 Million |
| Ba Ria Thermal Power JSC (BTP) | $1.08 Trillion | 3.84% | 0.14x | $19.23 Million |
| Central Hydropower JSC (CHP) | $2.11 Trillion | 21.74% | 0.24x | $169.52 Million |
| PetroVietnam Power Nhon Trach 2 JSC (NT2) | $4.23 Trillion | 11.94% | 0.56x | $264.69 Million |
| Power Generation Corp 3 (PGV) | $14.57 Trillion | -6.03% | 2.79x | $1.02 Billion |
| Can Don Hydro Power JSC (SJD) | $1.10 Trillion | 14.04% | 0.31x | $36.70 Million |
| Vinh Son Song Hinh Hydropower JSC (VSH) | $3.14 Trillion | 5.06% | 1.86x | $387.75 Million |
About Viet Nam Power Development JSC
Viet Nam Power Development Joint Stock Company engages in the electric generation business in Vietnam. The company offers technical safety inspection of electrical equipment and instruments operating in non-hazardous environments with respect to flammable gases and explosive dust; and consulting services. Viet Nam Power Development Joint Stock Company was founded in 2002 and is headquartered in H… Read more