Vietnam Electricity Development Corporation: Proactively moving towards long-term strategy

Vietnam Power Development Joint Stock Company (VNPD) - the parent company of Khe Bo Hydropower Plant (Tuong Duong), was established in June 2002 by 5 founding members. As one of the affiliated companies of the Power Generation Corporation - Vietnam Electricity Group, VNPD is responsible for providing sufficient and timely electricity output, contributing to ensuring the needs of the National Power System with stable power quality and high availability.

In addition to the task of generating electricity, VNPD's plants also play an important role in the process of regulating and supplying water to the downstream areas of Nghe An and Binh Thuan provinces - where the unit's hydropower plants are located. VNPD always strives to improve its management and operation capacity to achieve the goal of "Safety - Efficiency - Quality and Stability".

Khe Bo Hydropower Plant - one of the plants of Vietnam Power Development Joint Stock Company. Photo: Tien Dong

Through the first years of establishment with many difficulties and challenges, VNPD has firmly stepped on the journey to affirm the role of a core energy unit, persistently pursuing the goal of sustainable, safe and effective development. With a high sense of responsibility and transparent governance orientation, VNPD has continuously improved operational efficiency, expanded production, preserved and developed capital for shareholders.

Despite the general fluctuations of the economy and the electricity industry in 2024, VNPD still maintained stable development, achieving a commercial electricity output of 520.325 million kWh, completing 115.10% of the plan approved by the General Meeting of Shareholders. This is the basis for the Company to achieve a revenue milestone of more than VND 595 billion in 2024, completing 117.03% of the plan. This achievement reflects the flexible, proactive and scientific management of the collective leadership and the team of officers, employees and civil servants of the entire unit. From there, the General Meeting of Shareholders proposed a cash dividend of 16% - exceeding the plan approved at the General Meeting of Shareholders last year of 14%.

Most recently, on April 25, 2025, in Hanoi , VNPD successfully held the 2025 Annual General Meeting of Shareholders. The meeting was held with the participation of shareholders representing more than 88.3 million shares - equivalent to more than 82.8% of the total number of votes of shareholders with voting rights.

Overview of the 2025 Annual General Meeting of Shareholders of Vietnam Power Development Joint Stock Company. Photo: Thanh Long

At this Congress, shareholders voted to approve the production, business and investment plans for 2025, and at the same time set out the strategic vision to 2040. Accordingly, VNPD is determined to pursue the core values ​​that have been built since the beginning: stability, transparency, efficiency, and towards a green future. The company focuses on typical new projects such as the Can Tho Biomass Power Project (150MW) and the Song Lo 9 Hydropower Plant (87MW), clearly demonstrating the selective investment orientation, linking economic benefits and environmental responsibility.

Members of the congress's executive delegation vote. Photo: Thanh Long

In the context of the global energy industry changing strongly, VNPD still maintains the motto: Improving the operational efficiency of existing plants; Selectively investing in renewable energy projects; Improving corporate governance, optimizing the organizational structure; Ensuring to maintain dividends at a minimum of 10%/year in the period of 2026-2030, in line with the orientation of sharing sustainable benefits with shareholders. This is not only a commitment to shareholders but also an affirmation of the social responsibility of a strong enterprise.

Also at this meeting, shareholders voted to approve with a high approval rate all the contents of the report and proposal. The meeting also voted to approve the Resolution of the 2025 Annual General Meeting of Shareholders with a consensus rate of 99.99% calculated on the total number of votes of shareholders attending and voting.

Delegates presented flowers to congratulate Mr. Nguyen Anh Tuan - General Director of the Company. Photo: Thanh Long

The congress also completed the high-level personnel work by electing Mr. Nguyen Anh Tuan to the Board of Directors and appointing him as the General Director of the Company; at the same time, electing Mr. Takashi Furuya - a member of the Board of Directors to the Board of Supervisors. The completion of the leadership team demonstrates the vision of inheritance and innovation, ensuring that VNPD continues to operate according to standard and methodical management principles.

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In the coming time, VNPD determines to continue to innovate governance, optimize operational efficiency and invest in green energy. We are committed to implementing the resolutions of the General Meeting, ensuring harmonious benefits for shareholders and contributing to the goal of sustainable national development...

Mr. Nguyen Hoang Dao - Chairman of VNPD Board of Directors

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Source: https://baonghean.vn/cong-ty-cp-phat-trien-dien-luc-viet-nam-chu-dong-huong-den-chien-luoc-dai-han-10296203.html