TV3 Dismisses Chairman, CEO and Chief Accountant After EVNNPT-PC1 Prosecutions
This Aveluro analysis covers TV3 on HNX in the Industrial Goods & Services sector. The classified event type is leadership change, with negative sentiment and a deterministic market-impact score of 5.0/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Power Engineering Consulting JSC 3 (HNX: TV3) has dismissed its Chairman, CEO and Chief Accountant effective 15/10/2026, following their prosecution in the corruption and bidding-violation case centred on the National Power Transmission Corporation (EVNNPT) and PC1 Group. The board has convened an extraordinary shareholder meeting for 5/11/2026 to remove the two board members and elect a replacement, and separately approved VND 114.4 billion of related-party contracts signed in Q3/2026.
Key Facts
- Board resolution dated 15/10/2026 removed Nguyễn Như Hoàng Tuấn as Chairman, Lạc Thái Phước as CEO and Phạm Hoàng Vinh as Chief Accountant, all effective the same day.
- The board will ask an extraordinary general meeting on 5/11/2026 to strip Tuấn and Phước of their 2022-2027 board seats and elect one additional director; nomination filings close at 16:30 on 2/11.
- The meeting, moved to the company’s Hồ Chí Minh City head office, will also consider the 15th amendment to the company charter.
- Resolution 157/NQ-HĐQT-TVĐ3 approved 22 related-party contracts signed in Q3/2026 worth a combined VND 114.4 billion, and endorsed roughly 22 more in Q4 worth an estimated VND 100 billion.
- Largest Q3 contracts: Southern Power Projects Management Board at VND 46.5 billion, Power Project Management Board 2 at VND 23.5 billion, Buôn Kuốp Hydropower at VND 15.2 billion and the Northern Power Projects Management Board at VND 15.1 billion.
- The contracts cover survey work, feasibility studies, technical design and supervision for generation and grid projects.
- The Ministry of Public Security announced on 1/10 that 48 defendants had been prosecuted for bidding, accounting, bribery and embezzlement offences; it did not specify charges against each TV3 executive.
What Happened
The dismissals were disclosed in a company announcement and board resolution dated 15/10/2026. The same filing set out plans for an extraordinary shareholder meeting, originally scheduled earlier and now moved to 5/11/2026 at the company’s Hồ Chí Minh City headquarters, with candidate nominations due by 16:30 on 2/11. Alongside the personnel items, shareholders will be asked to approve the 15th revision of the company charter.
The removals follow the prosecution of Tuấn, Phước and Vinh in connection with the case at EVNNPT, PC1 Group and related units. The Ministry of Public Security’s 1/10 announcement named 48 defendants across bidding, accounting, bribery and embezzlement charges but did not attribute specific offences to individual TV3 leaders. The company has already reshuffled its executive layer: Trần Lê Minh, a board member, has served as acting CEO since 15/6, Phạm Văn Tuấn was appointed deputy CEO, Nguyễn Ngọc Khanh was placed in charge of accounting, and Trần Quốc Điền is temporarily overseeing board activities.
Market Context
TV3 trades on the HNX and closed at VND 14,000 on 20/10/2026. The stock sits in the small-cap infrastructure and energy-consulting segment, where liquidity is thin and price discovery is driven by contract flow and headline risk rather than index flows. The prosecution of senior management at a power-sector consultancy is part of a broader anti-corruption drive across Vietnam’s energy and construction supply chain, which has already touched EVNNPT and PC1 and has made bidding-process compliance a market-wide theme for listed infrastructure names.
Strategic Significance
The core issue for long-term holders is governance continuity rather than the dismissals themselves, which were procedural once prosecutions were filed. TV3’s revenue base is concentrated in feasibility studies, technical design and supervision for EVNNPT and related power projects, so the durability of those relationships after a bidding scandal at the client and a contractor level is the real variable. The VND 114.4 billion of Q3 related-party contracts and a further VND 100 billion planned for Q4 indicate the order book has not yet collapsed, but related-party approval requirements and any tightening of public-procurement rules could compress margins or delay awards. A clean board reconstitution on 5/11 would remove a governance overhang; a contested or delayed vote would extend it.
What to Watch
- Outcome of the 5/11/2026 extraordinary shareholder meeting, including the vote on removing Tuấn and Phước and the election of a new director.
- Candidate filings ahead of the 16:30 on 2/11 nomination deadline, which indicate whether a credible independent board is being assembled.
- Any further Ministry of Public Security disclosure specifying charges against individual TV3 executives or expanding the defendant list.
- Q4/2026 related-party contract approvals against the VND 100 billion target, and whether EVNNPT-linked awards continue at the Q3 pace.
- The company’s next financial disclosure for evidence of provisioning, contract delays or auditor qualifications tied to the case.