Vietnam Electricity posts $207.6-mln profit

Feb 28, 2022Updated May 28, 20251 min read

State power utility Vietnam Electricity (EVN) made a profit of VND4.74 trillion ($207.6 million) from all activities in 2020.

But, its core business of electricity production and trading reported VND1.3 trillion in losses due to price reduction and discounts. In 2020, EVN sold each kilowatt-hour for an average VND1,820.20, down 1.68 percent from 2019.

Reduction in sales price, together with changes in electricity load and consumption due to Covid-19, and VND12.3-trillion bill discounts for pandemic-hit customers, are cited as reasons for the loss.

The company reported more than VND6 trillion in revenue from its financial activities, capital transfers, and dividends profits in 2020.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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