Vneco 8 Electricity Construction

What Vneco 8 Electricity Construction does

Vneco 8 Electricity Construction is a Vietnam-based, for-profit construction project company specializing in the installation of electrical works and power-source infrastructure. Founded in 1999 and headquartered in Buon Me Thuot (Dak Lak province), the company historically operated as a public entity on the Hanoi Stock Exchange under ticker VE8 but is currently delisted. The firm employs between 101 and 250 people, consistent with a regional mid-tier electrical contractor serving local and possibly inter-provincial power, utility, and industrial clients. Its core business is project-based electrical construction rather than ongoing service contracts.

Reported financials indicate significant operational stress. FY2024 revenue was approximately VND 1,082 billion (down from VND 1,398 billion in FY2023), a roughly 23% year-over-year contraction. Gross profit was negative in both years and deteriorated sharply (from approximately -VND 105 billion in 2023 to -VND 380 billion in 2024), with EBITDA losses widening from -VND 159 billion to -VND 415 billion. Net loss reached approximately -VND 796 billion in 2024 versus -VND 488 billion in 2023, and the enterprise value of roughly VND 2,352 billion suggests the residual valuation is asset-based rather than earnings-supported. No information was available on customer mix, active projects, leadership, recent M&A, or capital raises in the input data.

Name

Vneco 8 Electricity Construction

Legal name

Xoilac TV

Website

https://vneco8.com.vn

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Vneco 8 Electricity Construction is a Vietnam-based electrical installation and power-source construction contractor founded in 1999 in Buon Me Thuot, now delisted from HNX and operating with 101-250 employees.

Ownership category

akta.pro rank

Product category

Electrical Construction Services

NAICS

Electrical Contractors and Other Wiring Installation Contractors (238210), Power and Communication Line and Related Structures Construction (237130)

SIC

Electrical Work (1731), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM)

akta.pro secondary industries

Overhead Transmission Line EPC (HV/EHV) (EUAEABAA), O&M, Upgrades & Refurbishment of T&D Assets (Reconductoring, Rebuilds) (IMAFAHAM)

Keywords

• Electrical construction
• Power infrastructure
• Electrical installation
• Power source installation
• Construction services

Headquarters

HQ city

Buon Me Thuot

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure

Revenue model

1. Advertising Revenue: Free streaming service monetized through advertising on the platform, with optimized ad placement to minimize viewer disruption
2. Affiliate/Referral Revenue: Partnership with gambling platform 8XBET generating referral traffic revenue

Pricing tiers

Distribution channels3 records

Marketing channels7 records

Core offering

Vneco 8 Electricity Construction is a construction project company that provides the installation of electrical works and power sources. The firm offers electrical construction services, supporting clients requiring power infrastructure and electrical installation projects in Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Electrical Works Installation

Quantifiable outcome

• 570+ competitions covered across football, basketball, tennis, volleyball, and esports

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Manchester City FCminorGTM or Marketing Partner8XBET is an official partner of Manchester City FC, and Xoilac TV is operated by 8XBET, creating an indirect association with the football club through the parent company's partnership
• 8XBETcoreGTM or Marketing PartnerXoilac TV is operated under 8XBET (known as 8X BET), which is described as the leading online gambling platform in Asia. 8XBET provides operational support and branding for Xoilac TV, while Xoilac TV serves as a content marketing tool driving traffic to the gambling platform through affiliate links

Scale indicators3 records

Recent moves4 records

Direct peers

• KEC International: India-listed global EPC contractor specializing in power transmission lines, substations and distribution; directly comparable in core T&D EPC services to Vneco 8, though operating in a different geography.
• Tata Projects: Indian EPC contractor with substantial power T&D and transmission business alongside broader infrastructure; comparable services and contracting model to Vneco 8's electrical construction scope.
• Licogi 13 (Vietnam Machinery Erection JSC): Vietnamese-listed mechanical/electrical construction contractor for power plants and industrial facilities; very comparable in services, scale and customer profile to Vneco 8.
• Kalpataru Projects International: Indian listed EPC focused on power transmission, distribution and railway electrification; comparable business model, project type, and customer base (utilities/TSOs) to Vneco 8's electrical contracting work.
• Power Engineering Consulting Joint Stock Company 2 (PECC2): Vietnamese power-sector contractor focused on power plant, substation and transmission EPC; same regulatory environment and customer base (EVN group) as Vneco 8, and similar scale bracket. Most directly comparable Vietnamese electrical EPC peer.

Regional players

• Song Da Corporation: One of Vietnam's largest state-owned infrastructure constructors with significant power plant, hydro and T&D capabilities; broader scope but competes with Vneco 8 for electrical and infrastructure packages on Vietnamese projects.
• Petrovietnam Technical Services Corporation (PTSC): Vietnamese technical services and EPC contractor closely tied to Petrovietnam; relevant regional/state-adjacent contractor comparable to Vneco 8 in customer network and project execution style, though more oil-and-gas oriented.
• CK Power Public Company: Thai-listed power infrastructure holding with operating power plants and transmission interests in ASEAN; comparable business model of utility-focused EPC/asset ownership in the region where Vneco 8 operates.
• Vinaconex (Vietnam Construction and Import-Export JSC): Vietnamese-listed diversified contractor active in industrial, civil and electrical infrastructure projects; comparable contractor business model and HNX listing heritage, though much larger and more diversified than Vneco 8.
• TTCL Public Company: Thai-listed power plant and utility EPC contractor active across ASEAN; comparable in power/infrastructure EPC scope and listed-contractor governance profile to Vneco 8.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xtwitter.com/xoilactvoffical
• YouTubeyoutube.com/@xoilactvoffical/about
• Facebookfacebook.com/xoilactvoffical
• Instagraminstagram.com/xoilactvoffical
• TikToktiktok.com/@xoilactvoffical

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vneco 8 Electricity Construction