Electricity of Vietnam (EVN)’s payment for principal debts and interest rate accounted for nearly 40 percent of the group’s total investment value in the first nine months of this year, according to the group’s report on investment activities and business production in Jan-Sept. Accordingly, the group’s total investment value was 39.048 trillion dong in Jan-Sept. [...]
Vietnam Energy Association (VEA) has proposed to the government and relevant agencies on seeking preferential loans for the Electricity of Vietnam Group (EVN) to speed up the pace of energy projects that are under construction, according to newswire Vnexpress. According to VEA, in fact, the pace of most power projects, such as Nhon Trach 2, [...]
Vietnam Energy Association (VEA) has recently proposed to the general Secretary, State President, prime minister and Chair of National Assembly on solving the pace of approved energy, power, coal and oil and gas projects, according to the local newswire VnExpress on September 18. According to VEA, in fact, the pace of most power projects such [...]
From 2010 till the end of August 2011, Electricity of Vietnam (EVN) posted total accumulated loss of about 31.565 trillion dong, according to Dinh Quang Tri, EVN’s deputy general director. Also according to Tri, EVN’s solvency is very difficult because the group can not balance its capital sources for debt repayment. Currently, EVN owes many [...]
Electricity of Viet Nam (EVN) should not be allowed to increase electricity rates more than once per quarter due to the negative impacts on the economy, said Minister of Finance Vuong Dinh Hue. Hue has sent a document to Minister of Industry and Trade Vu Huy Hoang responding to Hoang’s proposals on taxes, fees and [...]
According to the business performance reports of state-owned groups and corporations, it would appear that most of them have posted low profit or even losses so far. Notably, some large groups may suffer loss of up to thousands of billion of dong this year such as Electricity of Vietnam (EVN) with an estimated loss of [...]
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