EVN’s Vice President, Chairman of EEMC Board of Directors Nguyen Xuan Nam giving speech at conference

Mr. Nguyen Xuan Nam requested that in 2025, the Corporation continue to strive to complete the production and business plan to overfulfill the assigned revenue and profit targets, with revenue growth reaching at least 10%. The Corporation needs to focus on exploiting foreign markets and increasing domestic market share, in which it is necessary to further expand and develop products and services.

 Delegates attending conference

Reporting on the summary of work performance in 2024 and the implementation of tasks in 2025, EEMC’s General Director Nguyen Vu Cuong said that the Corporation has successfully completed its production and business plan, with revenue and profit targets surpassing the assigned plan. The output of newly-manufactured transformers in 2024 reached 8,327MVA, an increase of 43.1% compared to that in 2023.

In particular, the Corporation has also successfully designed and manufactured a 500kV - 3 x 300MVA transformer. This is a national scientific theme, the result of the creative working spirit, and the outstanding efforts of the collective of engineers and workers of EEMC when for the first time a domestic enterprise has mastered the design and successfully manufactured a 500kV transformer with the largest capacity on the Vietnamese transmission grid.

General Director Nguyen Vu Cuong giving speech at conference

In 2024, the Corporation completed the investment and put into use the ERP and SAP enterprise resource management systems - this is an important project to improve the efficiency of corporate governance, the core software for the Corporation to successfully carry out digital transformation in the coming time.

The Corporation has also signed the first contract to export 132kV – 70MVA transformers to Australia and many trade promotion activities in new markets such as: USA, Japan, Sri Lanka, Romania, Pakistan, the Philippines, Laos and some countries in Africa and completed the construction of a 500kV laboratory meeting international standards, and so on.

General Director Nguyen Vu Cuong believes that the achievements that the Corporation has made in 2024 will be an important premise for EEMC to enter a breakthrough development phase in the coming time. In 2025, facing difficulties in investment capital that may affect production progress and product supply, EEMC has clearly identified the following main goals: Completing the production and business plan with assigned targets, growing by about 10% compared to that in 2024; Investing to improve production capacity, meet green production requirements and expand export markets.

Translator: Mạnh Hùng