Vietnamplus

The Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of the Vietnam Electricity Group, plans to sell over 580.12 million shares, or 48.8875 percent of its charter capital, to investors and over 1.33 million shares, or 0.1125 percent, to employees.

Vietnamese businesses need to achieve a certain percentage of female leaders in order to take advantage of the gender-diverse environment.

The value of the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of Vietnam Electricity, has been determined at 46.1 trillion VND (2 billion USD) as of January 1, 2019, of which the real value of State capital is more than 26.6 trillion VND.

The Asian Development Bank (ADB) recently signed a deal to channel 37 million USD into the Da Nhim - Han Thuan - Da Mi Hydropower Joint Stock Company to install floating solar power panels.

Vietnam Electricity (EVN) expects to complete its divestment from both core and non-core businesses this year.

Vietnam Electricity (EVN)’s Power Generation Corporation 1 (EVNGENCO1) said on March 8 that it has built a coordination plan to ensure coal supply for thermal power production.

The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing.

The Power Generation Corporation 1 (GENCO 1) under the State-owned Vietnam Electricity produced over 26.65 billion kWh over the last 10 months, representing 77.5 percent of this year’s target and a year-on-year rise of 12.3 percent.

The Government earned 198 trillion (8.49 billion USD) from divestment and equitisation of State-owned enterprises (SOEs) in the past three years.

Many State-owned enterprises (SOEs) are finding it difficult to seek strategic investors following equitisation and have decided to retain the shares or sell them to the public.

The failure of the Power Generation Corporation 3 (Genco 3) to sell its stake through initial public offering (IPO) has raised concerns about the upcoming IPOs of the two other similar companies – Genco 1 and Genco 2 – at the end of this year.

The Electricity of Vietnam (EVN) has said that the group is completing procedures to withdraw its capital from five joint stock companies.

The Electricity of Vietnam (EVN) plans to withdraw capital from the Thuan Binh Wind Power JSC in the third quarter of 2018.

The Electricity of Vietnam (EVN) sold over 58 billion kWh of electricity in the first four months of 2018, representing a year-on-year rise of 10.59 percent.

Only 3 percent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on February 9 were sold successfully, a poor result given the high market expectations before the sale.

Four foreign investors from India, Thailand, the Republic of Korea and the Middle East registered to buy 36 percent of the charter capital at the Power Generation Corporation 3 (GENCO 3) to become its strategic investors.

The Ministry of Finance (MoF) is demanding more than 1.9 trillion VND (85 million USD) in tax arrears from the Electricity of Vietnam (EVN) after uncovering that the group had failed to declare its costs accurately.

The Power Generation Corporation 3 (Genco 3) will put more than 267 million shares, accounting for 12.8 percent of its charter capital, up for sale in its IPO in February 2018.

The Electricity of Vietnam (EVN) Group’s Power Generation Corporation 3 (EVNGENCO 3) is submitting an application for a licence to dump waste mud into the sea off the coast of Binh Thuan province, a company official has said.

The fourth and last turbine of the Trung Son hydropower plant in the central province of Thanh Hoa began generating electricity for the national grid on June 20.