Business

EVN capital increase gets Prime Minister’s approval

The Prime Minister has approved a plan to raise Electricity of Vietnam's (EVN's) charter capital to 160 trillion VND (7.62 billion USD) by the end of 2015.
The Prime Minister has approved a plan to raise Electricity ofVietnam's (EVN's) charter capital to 160 trillion VND (7.62 billion USD)by the end of 2015.

The company had more than 143.4 trillion VND (6.83 billion USD) in equity at the end of 2012.

Thesupplemented capital will come from various sources, includingdevelopment funds, construction project balances and State finances.

ThePM assigned the Ministry of Industry and Trade and the Ministry ofFinance to provide specific guidelines for the implementation of theplan.

The State-run EVN specialises in producing,transmitting and trading electricity. It also manages the national grid,power import and export, and electric work operations.-VNA
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