On May 11, Deputy Prime Minister Le Minh Khai chaired a meeting on the production and business situation and the development of a restructuring project for Vietnam Electricity Group (EVN) for the 2021-2025 period.
Accordingly, the EVN restructuring project aims to develop Vietnam Electricity Group into a strong economic group with sustainable, efficient and profitable business; preserve and develop state capital invested in EVN and EVN capital invested in other enterprises; play a central role in developing Vietnam Electricity Group; have modern technology, management and high specialization; electricity production, trading and electricity consulting are the main business lines; closely link production and trading with science, technology, research and development, and training; maximize the operational efficiency of Vietnam Electricity Group.
Deputy Prime Minister Le Minh Khai chaired the meeting.
EVN proposes that the parent company EVN will continue to be a single-member limited liability company with 100% of the charter capital held by the State. For member units, EVN proposes to maintain the organization and operating mechanism and to be part of the EVN parent company structure for some branches. At the same time, it proposes a list of enterprises in which EVN holds 100%, 50%, or less than 50% of the charter capital, and to implement divestment...
Implementing EVN's Development Strategy, the Group has developed a specific plan to implement tasks; reviewed and revised business lines. EVN has set targets to improve management capacity and focused on 3 groups of solutions: Perfecting management institutions; perfecting management methods and tools; standardizing and improving the quality of human resources and compensation policies for employees.
EVN develops and implements solutions to ensure financial balance in the 2021-2025 period, including: Perfecting financial management; optimizing costs, increasing revenue in electricity production and supply; amending and supplementing cost norms to save production costs in each stage of production and business; closely monitoring economic and technical indicators that affect costs in electricity production, transmission, and distribution...
Deputy Prime Minister Le Minh Khai highly appreciated the efforts of EVN and the State Capital Management Committee at Enterprises in developing the Project.
Speaking at the meeting, Deputy Prime Minister Le Minh Khai noted that EVN is one of the large corporations, with products of special importance to people's lives and production and business activities of the economy. Therefore, the construction of the restructuring project for the next period must closely assess reality, set appropriate goals and have feasible and effective implementation solutions.
The Deputy Prime Minister requested the State Capital Management Committee at Enterprises and EVN to base on Decision 360/QD-TTg and the Government's resolutions to develop the objectives and contents of the project. The objective is to make EVN a strong corporation in the energy sector, meeting the electricity demand for economic development and people's needs, supporting people in remote and disadvantaged areas. The corporation must operate effectively and sustainably, preserve and develop capital sources.
Along with that, the State Capital Management Committee at Enterprises, EVN fully absorbed the comments at the meeting, completed the draft project. Based on the objectives and actual operations, requirements, and current legal regulations, the EVN model was designed to be suitable for the model of a large enterprise.
The Deputy Prime Minister also agreed with the solutions on perfecting the management apparatus, improving the efficiency of human resource use; promoting digital transformation and research and application of science and technology; researching and implementing the energy transition strategy... and suggested clarifying these contents in the Project, carefully calculating the corporate governance structure.
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