According to this document, the Deputy Prime Minister agreed to assign the State Capital Management Committee at Enterprises to synthesize and receive to complete the project dossier for separating A0, establishing a new enterprise, the National Electricity System and Electricity Market Operation Company Limited (NSMO), the draft decision of the Prime Minister approving the policy and related dossiers.

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A0 will leave EVN and be under the Capital Committee before transferring to the Ministry of Industry and Trade.

In particular, regarding the additional charter capital for NSMO in the 2024-2028 period, the Ministry of Industry and Trade is responsible for proposing an appropriate additional charter capital level to ensure the stable, continuous and effective operation of NSMO.

According to the plan of the Ministry of Planning and Investment, after separating from EVN, NSMO's charter capital is expected to be VND776 billion. However, A0 has 26 investment items with a total capital of more than VND5,165 billion, including 9 urgent projects. Therefore, the Ministry of Industry and Trade proposed to add VND3,520 billion to NSMO's charter capital for the 2024-2028 period, prioritizing capital allocation for 9 urgent projects.

Meanwhile, the Capital Management Committee agreed with EVN to implement the plan to allocate 40% of counterpart capital for investment projects in the 2024-2028 period, which is VND 1,901 billion.

According to the conclusion announcement, the Ministry of Industry and Trade is responsible for issuing a circular clearly stipulating the mechanism. The goal is to ensure that NSMO continues to operate stably, continuously and effectively after the transfer, until the revised Law on Prices takes effect (July 1). During this time, EVN will be responsible for covering the operating costs of A0 as proposed.

Regarding the official time for transferring A0 to the Ministry of Industry and Trade, the Deputy Prime Minister stated that the transfer will be carried out after the Prime Minister approves the policy and decrees, and the Ministry of Industry and Trade approves the policies that are issued and come into effect. In case a longer transition preparation time is needed, the Ministry of Industry and Trade will make specific proposals.

Regarding the financial settlement plan, handover of capital, assets, and debt obligations of nearly 3 million USD related to 2 re-loans from the World Bank (WB) loan agreement, the Deputy Prime Minister agreed with the opinion of the Ministry of Finance and assigned this ministry to guide the implementation, based on the proposal of the Capital Management Committee and EVN.

Previously, the Ministry of Finance said that the assets formed from the two loans were being used as collateral. Therefore, if EVN wants to hand over the assets formed from the WB loan capital to NSMO, EVN needs to add other legal assets as collateral for the two loans.

Regarding the A0 National Power System Dispatch Center leaving EVN, the Ministry of Industry and Trade suggested that it is necessary to consider the appropriate charter capital level when A0 establishes a one-member LLC.