Power Construction NO1
Power Construction NO1 is a Vietnamese, publicly listed EPC contractor (founded 1963) specializing in national power transmission and power-plant construction, with in-house electrical materials production serving Vietnam's state-owned utility sector.
- Company typePrivate
- Founded1963
- HeadquartersHanoi, Vietnam
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Power Construction NO1 does
Power Construction NO1 (HOSE: PC1) is a Hanoi-headquartered, publicly listed Vietnamese construction contractor founded in 1963. Per the firm's own description, it is engaged in the construction of national power transmission infrastructure and power plants, and in the production of electrical materials, positioning it as a vertically integrated builder–supplier for Vietnam's electricity sector. The company operates with 1,001–5,000 employees and serves the Vietnamese market as a national power-infrastructure specialist.
The company's revenue mechanics are project-based, anchored to large-scale EPC contracts on transmission lines and generation assets for state-owned utility counterparties, supplemented by sales of proprietary electrical materials. Financial disclosures show a V-shaped operating profile: revenue compressed to VND 317T in 2023 from VND 429.8T in 2021, then recovered strongly to VND 497.5T in 2025, with EBITDA expanding to VND 111.7T and net income rebounding to VND 39.6T. Gross margin in 2025 of approximately 21% and EBITDA margin of approximately 22% indicate a moderate-margin industrial contractor model rather than a high-margin services business.
No specific customer logos, go-to-market channels, product-level pricing, or strategic transaction data were available in the source materials. The available firmographic, financial, and self-description data describe a traditional, state-aligned, project-execution-led infrastructure construction company whose fortunes are tied to Vietnam's national power capex cycle.
Power Construction NO1 firmographics
Firmographics- Name
- Power Construction NO1
- Website
- https://pcc1.vn
- Company type
- Private
- Founded year
- 1963
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Power Construction NO1 is a Vietnamese, publicly listed EPC contractor (founded 1963) specializing in national power transmission and power-plant construction, with in-house electrical materials production serving Vietnam's state-owned utility sector.
- Ownership category
- akta.pro rank
Power Construction NO1 industry classification
Industry- Product category
- Electrical and Power Infrastructure Construction
- NAICS
- Power and Communication Line and Related Structures Construction (237130), Utility System Construction (2371)
- SIC
- Heavy Construction Other Than Bldg Const - Contractors (1600)
- akta.pro primary industry
- Transmission line EPC & construction (overhead) (EUADAKAA)
- akta.pro secondary industries
- Distribution Network Construction (Feeders, Laterals, Service Drops) (IMAFAHAC), Power Generation Plant Construction (Thermal, Hydro, Nuclear) (IMAFADAC), Substation EPC & construction (AIS/GIS, greenfield/brownfield) (EUADAKAC), Transmission Line/Stringing & Live-Line Construction Services (EUAEABAJ), Transmission Line Construction (Overhead & Underground) (IMAFAHAA)
Keywords
Where Power Construction NO1 is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
Power Construction NO1 business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales
Power Construction NO1 product offering
Product offeringCore offering
Power Construction NO1 is primarily engaged in the construction of national power transmission networks and power generation plants in Vietnam. The company also produces electrical materials that support those infrastructure projects, providing end-to-end electrical construction and supply services to utility and industrial clients.
Differentiator
Problem solved
Functional benefit
Products and services
- National Power Transmission Construction Construction services for national power transmission infrastructure, delivered to state-owned power utilities and grid operators in Vietnam.
- Power Plant Construction Construction services for power generation plants, supporting Vietnam's electricity capacity buildout for utility and industrial customers.
- Electrical Materials Production Manufacture of electrical materials used in power transmission and power plant construction projects, supporting the company's own construction work and external electrical infrastructure buyers.
Companies that use Power Construction NO1
Customer profileIdeal customer profiles1 record
Power Construction NO1 technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Power Construction NO1 partnerships and signals
Strategic signalScale indicators4 records
Recent moves3 records
Expansion highlights2 records
Power Construction NO1 competitors and assessment
Company assessmentBroad incumbents
- Siemens Energy: Global broad incumbent supplying power generation equipment, grid technologies, and EPC solutions. Comparable as a major player in the same power infrastructure value chain that PC1 serves.
- Larsen & Toubro (L&T) Construction: India-based diversified engineering and construction major with a large power T&D and generation EPC business. Comparable as a broad incumbent executing large power infrastructure projects across emerging markets.
Direct peers
- Kalpataru Projects International: Indian EPC firm with a dedicated power transmission and distribution business. Comparable in scale, geographic profile (emerging-market focus), and transmission-line core competency.
- Power Construction Corporation of China (POWERCHINA): Chinese state-owned EPC group executing large-scale power generation, transmission, and hydropower projects globally. Directly comparable to PC1 in core scope of power infrastructure construction, though at much larger scale.
- Hyosung Heavy Industries: Korean manufacturer and EPC contractor specializing in power transmission equipment, substations, and high-voltage systems. Comparable to PC1 in transmission infrastructure and electrical equipment exposure.
- Tata Projects: Indian EPC company executing power generation, transmission, and industrial infrastructure projects. Similar in scope to PC1's combined power plant and T&D construction offering.
- KEC International: India-based EPC company specializing in power transmission lines, substations, and distribution infrastructure. Closely comparable to PC1's core transmission construction activity.
- Vinaconex: Major Vietnamese state-owned construction and infrastructure group active in civil, industrial, and energy projects. Closest domestic peer to PC1 by geography and business model.
Regional players
- Coteccons Construction Joint Stock Company: Leading Vietnamese private construction firm with exposure to industrial and infrastructure projects. Comparable as a domestic Vietnamese contractor, though more building-oriented than power-focused.
Emerging players
- Sterling and Wilson (Sterling Generators / Sterling Wilson Power): EPC player focused on power generation, transmission, and renewable projects in emerging markets. Comparable as a focused power infrastructure contractor operating in similar geographies to PC1.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights5 records
Customer concentration
Power Construction NO1 social profiles
Digital presencePower Construction NO1 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Power Construction NO1 leadership team
Management profileNumber of profiles
Profiles1 record
Power Construction NO1 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Power Construction NO1 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Power Construction NO1
What does Power Construction NO1 do?
Power Construction NO1 is primarily engaged in the construction of national power transmission networks and power generation plants in Vietnam. The company also produces electrical materials that support those infrastructure projects, providing end-to-end electrical construction and supply services to utility and industrial clients.
When was Power Construction NO1 founded?
Power Construction NO1 was founded in 1963. It employs 1,001 to 5,000 people.
Where is Power Construction NO1 based?
Power Construction NO1 is headquartered in Hanoi, Vietnam, in the Asia region.
Who are Power Construction NO1's main competitors?
Broad incumbents on record are Siemens Energy and Larsen & Toubro (L&T) Construction. Direct peers are Kalpataru Projects International, Power Construction Corporation of China (POWERCHINA), Hyosung Heavy Industries, Tata Projects, KEC International and Vinaconex. Coteccons Construction Joint Stock Company is listed as a regional player. Sterling and Wilson (Sterling Generators / Sterling Wilson Power) is listed as an emerging player.
Does Power Construction NO1 have an API?
No public API is recorded for Power Construction NO1.
What industry is Power Construction NO1 in?
Power Construction NO1's product category is Electrical and Power Infrastructure Construction. Its primary akta.pro industry code is EUADAKAA, Transmission line EPC & construction (overhead), with a secondary code of IMAFAHAC, Distribution Network Construction (Feeders, Laterals, Service Drops). Its NAICS code is 237130 and its SIC code is 1600.