The PM approves EVN business restructuring project (Illustrative image. Source: VNA)
Hanoi (VNA) – The Prime Minister hasapproved a master plan on restructuring enterprises under the Electricity ofVietnam (EVN) in the period 2017-2020.
Under the plan, the EVN will be developed intoa strong economic group to maintain a key role in ensuring power supply forsocio-economic development, national energy security, as well as nationalsecurity and defence.
The EVN is expected to play a key role indeveloping the country’s power industry in a rapid and sustainable manner withhigh competitiveness and effective international integration.
Its key business lines will include powergeneration, transmission, distribution and trading, power import-export, aswell as investment in and management of investment in power projects.
It will be also in charge of managing, operating, maintaining and upgradingpower generation, transmission and distribution facilities and providinginvestment project making and management consultancy.
The EVN will still remain the one-memberlimited liability company in which the State holds 100 percent of chartercapital.
It will include subsidiary companies such as the Son La, Hoa Binh, Ialy, TriAn, Tuyen Quang, Se San and Huoi Quang-Ban Chat hydropower companies, theElectric Power Trading Company, the Power Information Centre and severalelectricity project management units.
It will hold 100 percent of charter capital atthe National Power Transmission Corporation, the Northern Power Corporation,the Central Power Corporation, the Southern Power Corporation, the Hanoi PowerCorporation, the Ho Chi Minh City Power Corporation, and the National LoadDispatch Centre.
It will also hold more than halfof charter capital at the power engineering consulting joint stock companies 1and 2, the power generation corporations 1,2,3 and the Vinh Tan 3 Energy JSC.
The EVN will withdraw all capital fromaffiliates such as the Finance Joint Stock Company, the Thu Duc ElectroMechanical Joint Stock Company, the Dong Anh Electrical Equipment Corporation -Joint Stock Company, the Thuan Binh Wind-Power Joint Stock Company, the PowerEngineering Consulting Joint Stock Companies 3 and 4.-VNA
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The Electricity of Vietnam (EVN) Group will ensure safety and reliability of its transmission networks, particularly the North-South 500kV transmission line, during the dry season with an anticipated surge in demand.
A spike in electricity usage as a result of the record heat wave earlier this month across the northern region, especially Hanoi, will leave most residents high electricity bills.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
The PM approves EVN business restructuring project (Illustrative image. Source: VNA)
