Representing EVNGENCO3 were Mr. Dinh Quoc Lam - Secretary of the Party Committee, Chairman of the Management Board of the Corporation; Mr. Le Van Danh - Member of the Board, General Director of the Corporation; Members of the Board, the Supervisory Board, Deputy General Directors, representatives of functional departments, member units, affiliated companies of the Corporation, and 84 authorized shareholders, representing 1,114,975,096/1,123,468,046 voting shares, reaching 99.24% of the total shares.

EVNGENCO3 Annual General Meeting of Shareholders 2026 holds on June 17th in Ho Chi Minh City.

Many outstanding features

In 2025, amidst the volatile electricity market and fuel supply situation, EVNGENCO3 continued to maintain efficient production and business operations and achieved many positive results in production, finance, investment, science and technology, and corporate governance.

According to EVNGENCO3's report, in the past year, EVNGENCO3's total power production reached 23.22 billion kWh, equivalent to 104% of the plan assigned by EVN. The power plants operated safely and reliably, meeting the national power grid's mobilization requirements and ensuring flexible operation in the context of increasing renewable energy, contributing to the stability of the power system.

Alongside its power production mission, EVNGENCO3 continues to promote solutions to improve operational efficiency. The corporation completed 10 out of 10 economic and technical targets as planned; completed 5 major repair projects 13 days ahead of schedule, saving approximately VND 151 billion in costs compared to the plan. Mastering many specialized repair technologies, replacing foreign experts, and refurbishing equipment have helped the corporation save tens of billions of VND each year.

In the field of investment and development, EVNGENCO3 has implemented construction investments totaling over VND 5,400 billion, while also completing surveys and research reports for many new power plant projects such as the expanded Srêpốk 3 Hydropower Plant, the expanded Buôn Kuốp Hydropower Plant, and floating solar power projects. The corporation has also accelerated investment procedures for LNG gas-fired power plants and flexible power projects to prepare for a new development phase in line with the energy transition orientation.

Party Committee Secretary and Chairman of Management Board of EVNGENCO3, Dinh Quoc Lam, delivering report at meeting.

Scientific and technological activities, innovation, and digital transformation continued to be promoted. During the year, the entire Corporation implemented 128 scientific and technological initiatives and projects, generating approximately VND 74.3 billion in benefits; completed 22 out of 22 digital transformation tasks for the 2023-2025 period; deployed the ERP system; developed smart power plant models, and applied artificial intelligence in operational management.

Another important highlight is environmental protection and the development of green production. EVNGENCO3 maintains strict control over exhaust gas and wastewater treatment systems, continuous automatic environmental monitoring, and surveillance cameras in coal storage and ash disposal areas. Environmental parameters are transmitted directly to state management agencies and are always ensured to be within permissible limits. In particular, the Corporation has consumed 100% of the ash generated during power production, contributing to reducing storage pressure, promoting the circular economy, and improving resource efficiency.

As of the end of May 2026, EVNGENCO3's power production reached 11.091 billion kWh, equivalent to 40.1% of the annual plan. The generating units maintained high availability, ensuring sufficient coal, gas, and oil fuel for power production, always ready to meet mobilization requirements, especially during the peak dry season.

Furthermore, EVNGENCO3 continues to improve corporate governance efficiency, complete the equitization settlement, restructure large loans, and has been ranked among the Top 20 best annual reports in the non-financial sector for two consecutive years. These results create an important foundation for the Corporation to continue its sustainable development, enhance its competitiveness, and achieve its growth targets in the coming period.

Accelerate power generation projects

In his address to the General Meeting, EVN’s Board Member Dinh The Phuc acknowledged and commended the outstanding achievements made by EVNGENCO3 in 2025 – a year full of objective challenges and difficulties. On behalf of EVN, a major shareholder, the Board Member expressed his deep gratitude to the leadership and employees of the Corporation for their tireless efforts and contributions over the past year.

Board Member Dinh The Phuc delivering speech at meeting.

To ensure the successful achievement of the set objectives, Mr. Thành viên HĐTV EVN Dinh The Phuc requested EVNGENCO3 to strive for the highest goal of ensuring absolute safety in power production, meeting high availability for generating units, and preparing well the fuel supply, especially coal and gas. In addition, they should proactively develop plans to cope with extreme weather changes.

Regarding investment and construction, Board Member Dinh The Phuc requested EVNGENCO3 to accelerate preparations for the rapid implementation of new projects, notably energy projects in the Central Highlands, and to continue researching the utilization of land at existing power plants for further development, thereby increasing power generation capacity and investment efficiency.

To improve operational efficiency, EVN leaders requested EVNGENCO3 to continue participating extensively in the digital transformation process and promote the application of information technology in accordance with the policies of the Group and the Government.

Board Member Dinh The Phuc affirmed that EVN, as the controlling shareholder, is committed to always standing alongside, caring for, supporting, and creating the best possible conditions for all activities of EVNGENCO3. He also expressed his hope that shareholders will continue to work together to further develop EVNGENCO3, bringing the highest benefits, contributing to national energy security, and maintaining its pioneering position in the electricity industry.

Board Member Dinh The Phuc and Party Secretary and Chairman of the Management Board of EVNGENCO3 Dinh Quoc Lam presenting flowers to congratulate Nguyen Hong Quang, Deputy Head of EVN Internal Audit and Financial Supervision Department, on his appointment as a non-executive member of EVNGENCO3 Supervisory Board.

Translator: Nguyễn Thị Lan Anh