The Prime Minister has recently approved the “Master Plan for the arrangement and restructuring of enterprises under Vietnam Electricity (EVN) for the 2017–2020 period.”

The objective of the Plan is to develop EVN into a powerful economic group with modern technology, management practices, and high specialization. It aims to improve labor productivity, operational efficiency, and sustainability. EVN is to maintain its leading role in ensuring electricity supply for socio-economic development, national energy security, and defense. It will serve as the core for the rapid and sustainable growth of Vietnam’s power industry, enabling effective competition and international economic integration, while building a reputation as a socially responsible enterprise with ever-improving customer service.

Core Business Lines

EVN’s primary business activities include:

• Production, transmission, distribution, and trading of electricity.

• Command and operation of the production, transmission, distribution, and allocation of power within the national power system.

• Import and export of electricity.

• Investment and management of investment capital in power projects.

Additionally, the Group manages the operation, repair, maintenance, overhaul, renovation, and upgrading of electrical, mechanical, control, and automation equipment within the production, transmission, and distribution chains. It also provides electrical testing, project management consultancy, design surveys, investment project formulation, bidding consultancy, cost estimation, and supervision of power source, transmission line, and substation projects.

Corporate Structure and Capital Ownership

1. Parent Company – EVN: Continues to operate as a Single Member Limited Liability Company (LLC) with 100% of charter capital held by the State.

2. Units remaining within the Parent Company structure: These units will retain their current organization and operational mechanisms:

• Hydropower Companies: Son La, Hoa Binh, Ialy, Tri An, Tuyen Quang (divestment options for Tuyen Quang are under study), Se San, and Huoi Quang – Ban Chat.

• Project Management Boards (PMBs): Hydropower PMBs 1, 4, 5, 6; Son La Hydropower PMB; Ninh Thuan Nuclear Power PMB (to be renamed); Thermal Power PMB 2; and EVN Construction and Technology Investment PMB.

• Service Units: Electric Power Trading Company (EPTC); EVN Information and Communications Technology (EVNICT); and the Electric Power Information Center.

3. Enterprises with 100% EVN Charter Capital:

• National Power Transmission Corporation (EVNNPT).

• The five regional Power Corporations: Northern (EVNNPC), Central (EVNCPC), Southern (EVNSPC), Hanoi (EVNHANOI), and Ho Chi Minh City (EVNHCMC).

• National Load Dispatch Center (A0) – to be converted into a Single Member LLC during 2019–2020.

4. Equitization and Divestment:

• Subsidiaries (>50% ownership): Power Engineering Consulting JSCs 1 and 2.

• Generation Corporations (GENCOs 1, 2, 3): To be equitized. EVN will hold at least 51% until the end of 2019; further divestment of controlling stakes will be considered in 2020.

• Full Divestment: EVN will withdraw all capital from:

  • EVN Finance JSC.

  • Thu Duc Electro-Mechanical JSC.

  • Dong Anh Electrical Equipment Corporation – JSC.

  • Thuan Binh Wind Power JSC.

  • Power Engineering Consulting JSCs 3 and 4.

• Vinh Tan 3 Energy JSC: Divestment to take place after the completion of the Vinh Tan 3 Thermal Power Plant project.