Vietnam Electricity (EVN) has released details about the production cost structure of electricity and the causes behind its accumulated loss of more than $1.8 billion from 2022 to 2023.

The Ministry of Industry and Trade has proposed two options to incorporate the Vietnam Electricity Group (EVN)’s loss of VND 44.792 trillion (about USD 1.83 billion) into retail electricity prices.

The CEO of Vietnam Electricity (EVN) has called for the swift implementation of a two-component electricity pricing mechanism. If fully and transparently applied, this model could eliminate cross-subsidies among different consumer groups.

After receiving the inspection conclusion and announcing key personnel dismissals and appointments, EVN Finance has decided to change its official name.

Nguyen Tien Thoa, Chair of the Vietnam Valuation Association has shared his insights with VietNamNet on EVN’s proposal to include its VND44 trillion accumulated loss in the average electricity selling price.

In its inspection report, the State Bank of Vietnam (SBV) pointed out that EVN Finance has committed multiple violations in governance and credit issuance, even exceeding lending limits. The company has continued to report strong profit growth.

A proposal by Vietnam Electricity Group (EVN) to incorporate its nearly VND 45 trillion (approximately USD 1.75 billion) accumulated losses into the average retail electricity price has sparked significant public debate.

Analysts say EVN must clarify its loss structure before raising power prices for consumers.

Leadership shake-up follows penalties and violations revealed by the State Bank.

Prime Minister orders 500kV Lao Cai–Vinh Yen line completion by August 19 despite delays.

Vietnam Electricity (EVN) has signed a loan agreement worth 65 million EUR (75.5 million USD) with the German Reconstruction Bank (KfW) for the Tri An hydropower plant expansion project, the group has announced.

The Ministry of Industry and Trade has proposed that the Prime Minister direct Vietnam Electricity (EVN) to urgently resolve the obstacles and reach agreements with investors involved in wind and solar power projects.

Power Development Plan VIII prioritizes eight key projects to stabilize Vietnam’s energy future through 2030.

Over 100 renewable energy projects in Vietnam face financial risks as EVN enforces temporary pricing policies, prompting investor backlash and legal threats.

A draft decree from the Ministry of Industry and Trade proposes frequent electricity price adjustments and a higher return on equity for Electricity of Vietnam (EVN), setting the stage for a dramatic financial recovery.