On the morning of August 21 in Hanoi, Chairman of the EVN Board of Directors Dang Hoang An and an EVN delegation held a working session with Dong Anh Electrical Equipment Corporation (EEMC) to review the company’s business and production performance in 2026.

Chairman of EVN Board of Directors Dang Hoang An chairs working session.

Reporting at the meeting, EEMC General Director Nguyen Vu Cuong said that the company’s revenue in the first six months of the year was estimated at VND 985.3 billion, while pre-tax profit reached VND 71.2 billion. These results were significantly affected by rising input material prices, exchange rate fluctuations, and sharply increasing bank interest expenses.

Notably, the cumulative value of contracts signed as of August 15, 2026, reached VND 2.7638 trillion, equivalent to 88.5% of the company’s annual revenue target. Of this total, contracts with EVN member units accounted for 57%, mainly involving transmission and grid investment projects. The remainder came from customers outside EVN, primarily in wind and solar power projects.

These results have been supported by EEMC’s steadily improving manufacturing capacity. In 2025, for example, the corporation’s total production output reached 12,596MVA, an increase of 51.3% compared with 2024. Power transformers with voltage ratings of 110kV and above accounted for 98.7% of total output, while average labor productivity reached 56MVA per employee, up 37% year-on-year.

EEMC General Director Nguyen Vu Cuong reports on EEMC’s business and production results for first eight months of 2026.

During the 2021-2026 period, EEMC implemented technology and equipment investment projects totaling VND 402.7 billion, focused on a 110-500 kV high-voltage laboratory, lifting and handling equipment, air quality control systems, modern paint spray booths, advanced automated sheet-metal cutting machines, automatic oil filtration and filling systems for power transformers, and robotic systems for automated magnetic core assembly, offering extremely high efficiency and precision.

At the same time, EEMC has gradually digitalized its management and manufacturing operations. The corporation has deployed centralized management on the SAP platform, developed management dashboards, digitalized records, and applied AI in selected areas of management, production, planning, and maintenance. EEMC has also independently developed manufacturing execution software tailored to the specific requirements of transformer production, enabling data to be generated directly at the source and gradually establishing a foundation for implementing a Manufacturing Execution System (MES). By 2030, EEMC aims to automate at least 40% of its main production lines.

In the areas of quality, safety, and environmental management, the company continues to maintain management systems in accordance with international ISO standards, including ISO 9001, ISO 14001, and ISO 45001, as well as a testing laboratory certified to ISO/IEC 17025. EEMC has also deployed a 2MW rooftop solar power system and invested in dust and wastewater treatment systems, as well as rainwater reuse solutions.

According to EEMC Chairman Nguyen Dinh Phuoc, under its medium- and long-term plan, the corporation aims to achieve annual revenue growth of 25–30%. EEMC is focusing on expanding exports of electrical equipment to international markets such as Australia, the United States, Ukraine, and the Philippines, with exports expected to contribute 10-20% of total revenue over the next five years. At the same time, the corporation is actively seeking to expand its presence beyond the EVN ecosystem, particularly in renewable energy projects developed by private investors.

To achieve these objectives, EEMC has identified digital transformation and the modernization of manufacturing technology as key strategic pillars to enhance automation capabilities, reduce production costs, lower product prices, and strengthen the company’s competitiveness in the market.

EVN Vice President and EEMC Chairman Nguyen Dinh Phuoc delivers remarks at meeting.

The EEMC Chairman also proposed that EVN’s leadership consider increasing the company’s charter capital to strengthen its financial resources, reinforce confidence among international customers and partners, and support deeper investment under its five-year development roadmap.

Speaking at the working session, Chairman of the EVN Board of Directors Dang Hoang An affirmed that EEMC is a key and leading electrical equipment manufacturer and the only company in Vietnam capable of successfully manufacturing ultra-large, ultra-heavy 220kV and 500kV power transformers. This capability provides an important foundation for the corporation to fulfill the objectives of self-reliance, technological autonomy, and technology mastery among domestic enterprises, in line with Politburo Resolution No. 57-NQ/TW dated December 22, 2024, on breakthroughs in science and technology development, innovation, and digital transformation. It also reflects the responsibility of Vietnam Electricity and its member units to contribute to accelerating the development of Vietnam’s domestic electrical mechanical engineering industry.

Prior to the working session, the EVN delegation inspected EEMC’s electrical equipment manufacturing facilities and workshops. Some highlights from the visit are shown below:

EVN delegation visits power transformer assembly workshop.

EVN delegation listens to EEMC representative introduce WAGNER paint spray booth from Germany, which is equipped with advanced spray nozzle technology to deliver high-speed operation and minimize material loss while ensuring fine spray finish and high-quality product surfaces, preventing paint dust from escaping into surrounding environment.

Translator: Thu Hường