Minister of Industry and Trade Demands EVN’s Financial Reports Improve, Eliminating Accumulated Losses

At the conference, EVN’s CEO, Nguyen Anh Tuan, reported that in 2025, the corporation achieved significant milestones, ensuring a stable electricity supply to support economic and social development.

EVN Achieves Profitability and Gradually Addresses Accumulated Losses from 2022-2023

In 2025, EVN’s consolidated revenue reached an estimated VND 645.195 trillion, a 10.3% increase compared to 2024. The parent company, EVN, recorded VND 543.779 trillion in revenue, up 11.8% year-on-year. Shareholders’ equity stood at VND 245 trillion, 121.7% higher than in 2024. The group’s total tax contribution for 2025 was VND 26.351 trillion.

Notably, EVN’s parent company reported a profit in 2025, exceeding targets set by the Ministry of Finance and contributing to reducing accumulated losses from 2022-2023.

EVN’s Resolution of Accumulated Losses Recognized as a Significant Achievement

Addressing the conference, Acting Minister Le Manh Hung highlighted EVN’s unique role as the sole electricity purchaser in the market, sourcing from multiple providers and selling at state-regulated prices aligned with economic conditions. EVN has made substantial progress in transmission system development, commercial electricity output, and reducing energy losses.

The Acting Minister praised EVN’s improved corporate governance, gradual profitability, and efforts to address accumulated losses. “This is a remarkable achievement acknowledged by society, despite external challenges,” he emphasized.

However, he noted that while Vietnam’s power system ranks second in ASEAN, there are imbalances in inter-regional transmission capacity and load distribution.

Looking ahead to 2026, the Acting Minister urged EVN to collaborate with the Electricity Regulatory Authority, relevant departments, and the National Power System Operation Company (NSMO) to enhance energy policies and frameworks, focusing on enabling development.

He stressed the importance of enhancing corporate governance and financial reporting to eliminate accumulated losses. “As a leading enterprise, unresolved financial reports hinder capital mobilization and partnerships,” he noted.

EVN proposed that the Ministries of Finance and Industry and Trade include operation and maintenance (O&M) costs in electricity pricing to ensure power plants recover costs under new regulations. They also urged expedited mechanisms for coal-fired plants transitioning to co-firing and clearer guidelines for energy efficiency laws, demand-side management incentives, and energy service company (ESCO) models.