AsemconnectVietnam - Refrigeration Electrical Engineering Corporation (code REE) has just approved the establishment of two companies to implement the V1-3 Wind Power Plant Phase 2, V1-5 and V1-6 Phase 2 projects in Vinh Long province.

According to the plan, REE will own 100% of the charter capital in both companies.
Specifically, REE Duyen Hai 2 Wind Power Company Limited (DHWP2) has a charter capital registered for the first time of establishing a business of VND30 billion. The total expected investment for the V1-3 Wind Power Plant Phase 2 project is VND2,257 billion, of which 30% is contributed capital (equivalent to VND677 billion) and 70% is borrowed capital (VND1,159 billion).
Meanwhile, REE Duyen Hai 3 Wind Power Company Limited (DHWP3) has a first registered charter capital of VND50 billion to implement the V1-5 and V1-6 Wind Power Plant Phase 2 project. The total expected investment of this project is VND3,864 billion, with a capital structure including 30% contributed capital (VND1,159 billion) and 70% borrowed capital (VND2,705 billion).
The total expected charter capital of the two subsidiaries is about VND1,836 billion, contributed in cash and will be supplemented and adjusted according to the project progress.
The above wind power projects are located at the Operation Building of Wind Power Plant No. 3, Nha Mat Hamlet, Truong Long Hoa Ward, Vinh Long Province, expected to be implemented in the fourth quarter of 2025.
Currently, REE is operating in three core areas: refrigeration, energy infrastructure and office real estate. In the first half of 2025, REE's consolidated revenue reached VND4,581.9 billion, up 14% over the same period last year; after-tax profit reached VND1,555.5 billion, up sharply by 63.4%. The company's gross profit margin also improved significantly, from 35.4% to 39.4%.
In 2025, REE set a revenue target of VND10,248 billion, up more than 22% compared to 2024; after-tax profit of VND2,427 billion, equivalent to an increase of 21.7%. With the first half results, REE has completed more than 64% of the annual profit plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan