Fitch pointed to EVNNPC's continued improvement and a more effective electricity tariff adjustment mechanism in Vietnam. It also cited the close ties between EVNNPC and its parent, with the unit's SCP now at the same level with EVN's.
EVNNPC reported that peak demand (Pmax) across 17 northern provinces and cities under its management (excluding Hanoi) remained elevated over the past weekend, reaching 18,666 MW on May 23 and 18,387 MW on May 24—significantly higher than the Pmax of 15,940 MW seen in May 2025.
The rating reflects EVNNPC’s standalone credit profile of ‘BB+’, which is on par with both parent company EVN and Vietnam’s sovereign rating of ‘BB+/Stable’. Fitch said the alignment of EVNNPC’s rating with EVN’s reflects the state-owned parent’s full ownership and the high likelihood of government support, consistent with Fitch’s Parent and Subsidiary Linkage Rating Criteria.
Vietnam Electricity (EVN)’s Northern Power Corporation (EVNNPC) has retained its long-term foreign-currency issuer default rating at “BB” with a positive outlook as issued by Fitch Ratings.
Electricity losses in the northern region have continued to drop, standing at 5.21 percent in the first four months of 2018, down 0.34 percent year on year, according to the Northern Power Corporation (NPC).
About 4,100 households in the northern mountainous province of Son La will gain access to power before the traditional Lunar New Year (Tet), according to the Son La Power Company.
The Northern Power Corporation is completing a fingerprint painting to submit to the Vietnam Record Association for recognition as the painting made with the most fingerprints in the country.
The Electricity of Vietnam Group’s Northern Power Corporation (EVNNPC) generated 5.41 billion kWh of electricity in August, up 13.4 percent from the same period last year.
The Northern Power Corporation under the Electricity of Vietnam Group (EVN NPC), signed a syndicated loan agreement worth 515 billion VND (22.7 million USD) last week for the period of seven years.
The Northern Power Corporation has reported that in the first five months of this year, it supplied 21.4 billion kWh of commercial electricity, a rise of 12.47 percent year on year.
The Northern Power Corporation under the Electricity of Vietnam (EVN NPC) supplied electricity for over 9.2 million customers across 27 northern localities in 2016.
