On May 11, Deputy Prime Minister Le Minh Khai chaired a meeting on the production and business situation and the development of a restructuring project for Vietnam Electricity Group (EVN) for the 2021-2025 period.
The EVN restructuring project aims to develop EVN into a strong economic group with sustainable, efficient and profitable business; preserve and develop state equity invested in EVN and EVN capital invested in other enterprises; play a central role in developing the Vietnam National Electricity Group;
Having modern technology, management and high specialization; electricity production, trading, and electricity consulting are the main business lines; closely linking production and trading with science , technology, research and development, and training; maximizing the operational efficiency of Vietnam National Electricity Group.
At the meeting, EVN proposed that the parent company EVN continue to be a single-member limited liability company with 100% of the charter capital held by the State. For member units, EVN proposed to maintain the same organization and operating mechanism and be within the structure of the parent company EVN for some branches.
At the same time, propose a list of enterprises in which EVN holds 100% charter capital, 50% charter capital, less than 50% charter capital, and implement divestment...
Deputy Prime Minister Le Minh Khai chaired a meeting on production and business situation and the development of a restructuring project for EVN (Photo: VGP).
Implementing EVN's Development Strategy, the Group has developed a specific plan to implement tasks; reviewed and revised business lines. EVN has set targets to improve management capacity and focused on 3 groups of solutions: Perfecting management institutions; perfecting management methods and tools; standardizing and improving the quality of human resources and compensation policies for employees.
Along with that, EVN builds and implements solutions to ensure financial balance in the period of 2021-2025, including: Perfecting financial management; optimizing costs, increasing revenue in electricity production and supply; amending and supplementing types of cost norms to save production costs in each stage of production and business; closely monitoring economic and technical indicators that affect costs in electricity production, transmission and distribution.
In addition, the Group proposed solutions to review and improve the management apparatus, improve the efficiency of human resource use; promote digital transformation and research and application of science and technology; research and implement energy transition strategies...
Emphasizing that electricity is an especially essential commodity for people's lives and economic activities, national energy security, Deputy Prime Minister Le Minh Khai asked representatives of ministries and branches to carefully evaluate the results of EVN's restructuring in the 2016-2020 period, analyze and clarify the causes and lessons of the achieved results as well as the remaining problems and difficulties, on that basis, propose to develop an EVN restructuring project in the coming period to ensure feasible and effective implementation.
Deputy Prime Minister Le Minh Khai highly appreciated the efforts of EVN and the State Capital Management Committee at Enterprises in developing the Project.
The Deputy Prime Minister noted that EVN is one of the large corporations, with products of special importance to people's lives and production and business activities of the economy. Therefore, the construction of the restructuring project for the next period must closely assess reality, set appropriate goals and have feasible and effective implementation solutions.
The Deputy Prime Minister requested the State Capital Management Committee at Enterprises and EVN to base on Decision 360 and Government resolutions to develop the project's goals and contents.
The goal is to make EVN a strong corporation in the energy sector, providing electricity for economic development and people's needs, supporting people in remote and disadvantaged areas. The corporation must operate effectively and sustainably, preserving and developing capital.
The Deputy Prime Minister requested that the State Capital Management Committee at Enterprises and EVN fully absorb the comments at the meeting and complete the draft project. Based on the objectives and actual operations, requirements, and current legal regulations, the EVN model should be designed to be suitable for the model of a large enterprise.
The Deputy Prime Minister also agreed with the solutions on perfecting the management apparatus, improving the efficiency of human resource use; promoting digital transformation and research and application of science and technology; researching and implementing the energy transition strategy... and suggested clarifying these contents in the Project, carefully calculating the corporate governance structure.
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