evn says handled huge losses raises doubt for 1 bln profit

EVN says handled huge losses, raises doubt for $1 bln profit

The Electricity Group of Vietnam (EVN), the country’s sole power distributor, hinted during a Friday meeting that they posted a VND4.4 trillion profit in 2012 and in the same year managed to handle VND18.2 trillion out of the VND38 trillion losses accumulated since 2011.
evn power monopoly to be short circuited

EVN power monopoly to be short-circuited

Deputy Prime Minister Hoang Trung Hai has pledged that Vietnam would continue to reduce the Electricity of Vietnam’s monopoly through the development of a competitive electricity market.
big profits for vietnams three biggest energy groups in jan nov

Big profits for Vietnam’s three biggest energy groups in Jan-Nov

The three biggest energy groups of EVN, PetroVietnam and Vinacomin have reported high earnings in the first 11 months of the year.
power generation capacity to increase by 462mw

Power generation capacity to increase by 462MW

The Electricity of Vietnam (EVN) will put into operation new turbines at Song Giang hydropower plant, Dak Drinh hydropower plant and Nghi Son thermoelectric plant in December with a total capacity of 462MW, according to the Ministry of Industry and Trade.
bulgarian economic and trade office opened in hcm city

Bulgarian economic and trade office opened in HCM City

Bulgarian President Rosen Plevneliev believes the opening of a Bulgarian economic and trade office in Ho Chi Minh City will offer businesses more chances to expand their Vietnamese and the Southeast Asian operations.
vietnam bulgaria issue joint statement

Vietnam, Bulgaria issue joint statement

Vietnam and Bulgaria have issued a joint statement during President Rosen Plevneliev’s official visit to Vietnam from October 27-31, agreeing on the development of the two countries’ ties towards a future strategic partnership.
government inspectorate evn leaders use luxury items in violation of regulations

Government Inspectorate: EVN leaders use luxury items in violation of regulations

The Electricity Group of Vietnam (EVN) has been found to spend over VND3 billion (USD142,857) more than the regulated amount for use to buy luxury vehicles for leaders, according to the Government Inspectorate.
evn opposes government inspectorates conclusion

EVN opposes Government Inspectorate’s conclusion

The Electricity of Vietnam Group (EVN) said some contents of the recent Government Inspectorate’s conclusion on its non-core business are inaccurate.
vietcombank lends vnd1 tril to seaport project

Vietcombank lends VND1 tril. to seaport project

Bank for Foreign Trade of Vietnam (Vietcombank) last Thursday signed a credit contract to provide VND1 trillion for the Coastal Power Center Seaport developed by Power Generation Corporation 1 under Vietnam Electricity Group (EVN).
mitsubishi authorises truck retailer

Mitsubishi authorises truck retailer

Goldbell Equipment Vietnam (GEVN), a spin-off company of Goldbell Vietnam which has been operating in the Vietnamese market since 2008, was recently appointed as authorised dealer for Mitsubishi Forklift Trucks in Vietnam.
vnd 14500 billion credit loan contract for lai chau hydropower project

VND 14,500 billion credit loan contract for Lai Chau hydropower project

A commercial loan contract worth VND 14,500 billion for the Lai Chau hydropower project was signed on July 10th in Hanoi between the Vietnam Electricity Group (EVN) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
ninh thuan to house another wind power project

Ninh Thuan to house another wind power project

The south-central coastal province of Ninh Thuan has approved in principle a project to produce wind power that will be undertaken by the Vietnam Electricity Investment and Construction Joint Stock Company (EVNIC).
evns power pricing rationale questioned

EVN’s power pricing rationale questioned

Vinh Son-Song Hinh Hydropower Company is stuck in a hole as it has yet to finalise electricity prices with state-owned Electricity of Vietnam.
power company asks 6000 firms to cut production

Power company asks 6,000 firms to cut production

Southern Power Corporation (EVN SPC) has asked 6,000 industrial producers in 21 southern cities and provinces to prepare plans for cutting back on production so as to reduce power consumption by 10-15pct.
alstom to supply main equipment for key substations

Alstom to supply main equipment for key substations

Alstom has signed two €16 million contracts with the National Power Transmission Corporation (NPT), a subsidiary of Vietnam Electricity Group (EVN) to supply primary equipment and materials for the 500/220kV My Tho and Vinh Tan substations.