EVN | |
Company type | State owned |
Industry | Electricity |
Founded | 10 October 1997 |
Headquarters | Hanoi, Vietnam |
Key people | Duong Quang Thanh Chairman Tran Dinh Nhan CEO |
Revenue | US$14.6 billion (2018)[1] |
Owner | Government of Vietnam |
Number of employees | 106,011 (2014) |
Website | www.evn.com.vn |
Vietnam Electricity (full name: Vietnam Electricity Group, abbreviated name: EVN, Vietnamese: Tập đoàn Điện lực Việt Nam) is the largest power company in Vietnam. Vietnam Electricity (EVN) was established by the government of Vietnam as a state-owned company in 1994, and has operated officially as a one-member limited liability company since 2010.[2]
In 1994, the Vietnam electricity sector consolidated the electricity generation, transmission and distribution units to establish the Vietnam Electricity Corporation.[3][4][5] Also in this year, the 500kV North-South transmission line was put into operation, connecting the power systems of the three regions of North, Central and South into a unified power system for the whole country.[6][7][8]
Before 2006, the Vietnam electricity sector operated under a parent-subsidiary model, with the Vietnam Electricity Corporation as the parent company.[9][10] Then, on June 22, 2006, this corporation was converted into the Vietnam Electricity Group (EVN).[11][12][13] On June 25, 2010, the Prime Minister of Vietnam decided to convert the Vietnam Electricity Group model into a single-member limited liability company controlled by the state.[14][15][16]