TV3 Appoints New CEO After Arrests of Chairman, CEO and Accountant
This Aveluro analysis covers TV3 on HNX in the Industrial Goods & Services sector. The classified event type is leadership change, with neutral sentiment and a deterministic market-impact score of 5.0/10. Source coverage came from CafeF - Doanh nghiệp, 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
CTCP Tư vấn Xây dựng Điện 3 (EVNPECC3, ticker TV3 on HNX) has appointed Nguyễn Công Thắng as its new Tổng giám đốc, effective November 1, 2026, ending a caretaker arrangement that began after three senior executives were detained in June. The appointment lands as the power-engineering consultancy absorbs both a governance shock tied to a widening criminal probe and a steep revenue contraction in Q3/2026.
Key Facts
- Nguyễn Công Thắng, born March 23, 1970, was appointed CEO effective November 1, 2026, and formally announced on November 2, 2026.
- Thắng is an electrical engineer and University of Technology (Hồ Chí Minh City) graduate who joined TV3 in July 1997 and has served as Deputy CEO since September 2022.
- Trần Lê Minh, Deputy CEO, stepped down as acting CEO on November 1, 2026, after holding the role since June 15, 2026.
- On June 9, 2026, TV3 disclosed that the Ministry of Public Security’s investigative police had detained Chairman Nguyễn Như Hoàng Tuấn, CEO Lạc Thái Phước and Chief Accountant Phạm Hoàng Vinh.
- The detentions were made as part of an expanded investigation into Tổng công ty Truyền tải điện Quốc gia (EVNNPT), CTCP Tập đoàn PC1 and related units.
- Q3/2026 net revenue was just over VND 66 billion, down 42% year-on-year; net profit was nearly VND 5.6 billion, down about 4%.
- Nine-month 2026 revenue reached nearly VND 147 billion, down 34%, while net profit of about VND 12 billion was roughly flat year-on-year; total assets stood at more than VND 312 billion as of September 30, 2026, including over VND 46 billion in cash and equivalents.
What Happened
According to the company’s announcement, EVNPECC3 held a ceremony on November 2, 2026, to hand Nguyễn Công Thắng the decision appointing him CEO from the prior day. Thắng spent nearly three decades at TV3, rising from specialist through department deputy head and head to Deputy CEO from September 2022. At the same time, Deputy CEO Trần Lê Minh was released from his duties as acting CEO, a caretaker role he had held since June 15, 2026.
Speaking at the ceremony, Trần Quốc Điền, the board member in charge of the board of directors, said the company still faces numerous difficulties and challenges, and asked the new CEO and management team to focus on resolving outstanding issues and stabilizing production and business operations. The leadership overhaul follows the June 9, 2026 disclosure that police had detained Chairman Nguyễn Như Hoàng Tuấn, CEO Lạc Thái Phước and Chief Accountant Phạm Hoàng Vinh as the investigation into EVNNPT, PC1 and related units widened. The filing does not disclose the status of the criminal case or any potential liability for TV3.
Market Context
TV3 trades on the HNX, the smaller of Vietnam’s two main listed exchanges, and closed at VND 12,800 on October 29, 2026, just before the appointment was announced. The stock sits in the power-consultancy and infrastructure-engineering segment, which is closely tied to EVNNPT’s transmission investment cycle and therefore to the same procurement ecosystem now under investigation. The Q3 revenue decline of 42% points to a sharp slowdown in project execution, consistent with a sector where contract awards and disbursement can stall while a client’s procurement processes are under scrutiny. The near-flat net profit despite the revenue drop suggests cost cuts or non-operating income are cushioning the top-line fall, a pattern worth verifying in the full quarterly filing.
Strategic Significance
The core question for long-term holders is whether Thắng’s internal promotion restores execution capacity or merely fills a seat. His nearly 30-year tenure means continuity of technical and client relationships, which matters in a relationship-driven consultancy where EVNNPT-linked work is central. But the unresolved criminal case creates a persistent overhang: contract awards, bank facilities and counterparty confidence may stay constrained until the investigation’s scope and any TV3 exposure are clarified. The flat nine-month profit against a 34% revenue decline suggests the business is currently defending margins rather than growing, so the strategic test is whether the new CEO can convert governance stability into a rebuilt order book.
What to Watch
- The Q4/2026 and full-year 2026 results, to see whether revenue stabilizes after the 42% Q3 decline.
- Any disclosure on the status of the EVNNPT and PC1 investigation and whether TV3 or its former executives face claims.
- New contract awards or backlog disclosures tied to EVNNPT transmission projects.
- Board restructuring, including whether the vacant chairman position is permanently filled.
- HNX filings on related-party transactions and any changes in the auditor or accounting function after the chief accountant’s detention.