Total asset of US$ 31bn, EVN becomes Vietnam’s second largest group

With this revenue, the parent company and nine subsidiaries of EVN are profitable in the past year. However, the specific profit of each subsidiary is not published in the report on business results at the end of the year.   Illustration photo. Also in 2017, electricity produced and purchased by EVN is expected to reach 192.45 billion kWh, increasing by 8.6% over 2016. Commercial electricity is estimated at 174.05 billion kWh, increasing by 8.92% compared by 2016. Electricity production capacity of EVN reached 1.92 million kWh / person, increasing by 9% compared to 2016. EVN preserves and develops the state capital, the total value of assets estimated at the end of 2017 is VND 707,270 billion (increasing by VND 15,053 billion compared to 2016), of which owner’s equity is VND 216,510 billion ( increasing by VND 11.275 billion). With total assets exceeding VND 700 billion, EVN becomes the second largest group in Vietnam, after Petrovietnam. In 2017, EVN contributed VND 15,870 billion to State budget. Regarding equitization and divestment, EVN is implementing the equitization plan of Power Generation Corporation 3. Currently, the group is completing procedures for valuing Power Generation Corporation 1 and 2, to complete equitization in 2018. During the year, the group and companies reduced capital in 8 shareholding companies with divestment/ reduction amount of VND 269.54 billion, revenue of VND 386.58 billion and surplus of VND 117 billion. At the meeting, Deputy Prime Minister Trinh Dinh Dung said he highly appreciated EVN’s efforts in the past year… [Read full story]

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