In 2025, the parent company of Vietnam Electricity Group (EVN) recorded profits that surpassed targets set by the Ministry of Finance. The corporation has proposed adding operational and maintenance (O&M) expenses to electricity pricing mechanisms.

At the EVN Annual Review and 2026 Planning Conference held on the morning of December 29, EVN General Director Nguyen Anh Tuan highlighted that despite numerous challenges in 2025, the group benefited from strong leadership and support from the Party, the Government, the Prime Minister, various ministries, and local authorities.

The group and its subsidiaries proactively prepared and delivered a number of positive outcomes, contributing significantly to fulfilling their planned targets.

According to EVN’s report, by the end of 2025, the total installed power capacity of the national grid (excluding imported electricity) reached approximately 87,600 MW - an increase of 6,400 MW compared to 2024. This positioned Vietnam’s power system as the second largest in Southeast Asia in terms of generation capacity.

EVN’s commercial electricity output for 2025 is estimated at 287.9 billion kWh.

In 2025, EVN continued to implement major, transformative energy projects. The group and its subsidiaries broke ground on several key developments such as the Tri An Hydropower Plant expansion and the Bac Ai Pumped Storage Hydropower Plant.

Several other critical power generation and transmission projects were also completed and brought into operation, including the Hoa Binh Hydropower Plant expansion, the 500kV Lao Cai - Vinh Yen transmission line, the electrification of Con Dao Island, and the oil-fired commissioning of Unit 1 at the Quang Trach 1 Thermal Power Plant.

The group’s consolidated revenue for 2025 is estimated at 645.195 trillion VND (approximately USD 27 billion), up 10.3% from 2024. The parent company EVN generated 543.779 trillion VND (about USD 22.75 billion), marking an 11.8% increase.

Shareholder equity is projected to reach 245 trillion VND (around USD 10.25 billion), equivalent to 121.7% of the 2024 level.

In 2025, EVN contributed 26.351 trillion VND (approximately USD 1.1 billion) to the state budget. The parent company’s business operations outperformed profit targets assigned by the Ministry of Finance, helping to reduce cumulative losses from the 2022–2023 period.

EVN’s 2025 investments in joint-stock companies are expected to yield dividends totaling around 2.926 trillion VND (about USD 122 million), with a return rate of approximately 7.06%.

Looking ahead to 2026, EVN has set a commercial electricity output target of 309.32 billion kWh and is preparing to handle increasing demand loads while ensuring profitable operations.

EVN has called on the Ministry of Industry and Trade to urgently issue new regulations that incorporate environmental upgrade costs into pricing, account for efficiency and capacity impacts, and include O&M expenses in the electricity price framework to ensure that power plants can recover costs and meet updated standards.

The group also requested the early issuance of electricity pricing mechanisms for thermal plants undergoing fuel-switching under co-firing strategies; completion of decrees and circulars guiding the Law on Economical and Efficient Use of Energy; more aggressive incentives for demand response programs; and clear guidance on energy service company (ESCO) models.

EVN further urged the Ministry of Industry and Trade to accelerate project auditing and final investment approvals, or to delegate authority to project investors for final investment settlement on projects under the Ministry’s jurisdiction.

In addition, EVN proposed that the Ministry of Finance continue developing and refining the contractor database on the national procurement system (VNEPS) and provide analytical tools for the database, enabling both EVN and nationwide entities to apply data-driven insights to enhance procurement efficiency.

Speaking at the conference, Acting Minister of Industry and Trade Le Manh Hung acknowledged that 2025 had been an especially challenging year for the national power grid, marked by extreme weather, unpredictable hydrological patterns, and rising demand, all while new energy investments faced numerous structural obstacles.

Nevertheless, EVN and the entire energy sector made efforts to ensure a safe and uninterrupted power supply for production, business, and daily life. This, he noted, played a vital role in maintaining macroeconomic stability and supporting the country's economic growth.

Regarding corporate governance, the Acting Minister observed that EVN had made notable progress in restructuring, streamlining its apparatus, modernizing operations, and advancing digital transformation.

Le Manh Hung called on EVN to continue reviewing and reassessing its investment portfolio and to focus resources on priority power generation and transmission projects, especially strategic transmission infrastructure that balances regional supply and demand.

He also emphasized the need to improve forecasting, dispatch, and system operation; promote power saving as a long-term strategic solution; and enhance digital transformation, financial transparency, and capital efficiency.

According to the Acting Minister, only by addressing structural bottlenecks can EVN continue to fulfill its pivotal role in ensuring national energy security and meeting the development needs of the economy and society in the years ahead.

Tam An