The proposal was discussed during EVN's 2024 year-end review conference, held on January 6, which also outlined plans for 2025.

EVN’s history with nuclear projects

Previously, EVN was assigned as the investor for the Ninh Thuan nuclear power projects under Prime Ministerial decisions 460/TTg-KTN (March 18, 2010) and 7276/VPCP-KTN (October 17, 2011).

With the National Assembly now approving the resumption of nuclear power projects, EVN has requested to retain its role as the primary investor in the restarted initiatives.

Financial recovery and future goals

Regarding financial performance, EVN’s General Director Nguyen Anh Tuan reported that, thanks to an electricity price adjustment in October 2024, the corporation managed to balance its finances after two consecutive years of losses.

In 2024, EVN's consolidated revenue reached an estimated 575 trillion VND (approximately $24 billion), with the parent company generating 480.662 trillion VND ($20.2 billion), marking a 14.3% increase compared to 2023.

For 2025, EVN is committed to ensuring a stable power supply, with a goal of absolutely avoiding electricity shortages. The company has pledged to secure sufficient fuel and water reserves for hydroelectric plants to meet growing demand.

The group has also prepared scenarios to accommodate electricity needs for GDP growth of up to 8% or even double-digit growth. This could require a 15% increase in power supply.

Key infrastructure and management reforms

Among the critical projects slated for 2025 is the completion of the 500kV Lao Cai–Vinh Yen transmission line, which is expected to significantly enhance grid capacity.

Additionally, EVN aims to streamline its organizational structure and improve management efficiency.

"This is mandatory. The entire political landscape of the country is focused on streamlining administrative machinery, and EVN is no exception. By February 28, EVN must finalize its restructuring plan for review and approval," EVN leadership stated.

Luong Bang