Attending the meeting, on behalf of Vietnam Electricity (EVN), were Mr. Cao Quang Quynh - Member of the EVN Board of Directors, Mr. Nguyen Trung Khang - Deputy Head of EVN’s Internal Audit and Financial Supervision Department, along with representatives from EVN's professional departments.

Mr. Cao Quang Quynh - Member of EVN Board of Directors delivers remarks

At the meeting, Mr. Nguyen Huu Chinh - General Director of PECC1 - presented the report on the company’s business performance in 2024. Despite the impacts of global economic volatility, contraction of traditional markets, and increasing competition, the company surpassed its revenue and profit targets, particularly thanks to favorable hydrological conditions at Song Bung 5 power plant and effective management adjustments.

The company’s consolidated revenue in 2024 reached VND 567.7 billion, with a post-tax profit of VND 87.5 billion. The debt recovery efforts were highly effective, contributing to gradual improvements in financial health. Core areas such as grid engineering surveys, thermal power consultancy, and renewable energy maintained stable performance. The company also made its mark with the implementation of a pilot EPC project and proactive internal restructuring.

For 2025, the company identified three key strategic directions: expanding its market inside and outside of EVN, particularly in emerging areas such as floating solar, offshore wind power, and EPC projects; enhancing internal governance, financial control, and cash flow management; and promoting technology adoption and enhance technical capacity through training, digital transformation, and the use of licensed industry-specific software. These efforts aim to lay a solid foundation for PECC1 to enhance its competitiveness, reinforce its position as a leading consulting enterprise, and pursue sustainable development in the new context.

Mr. Cao Quang Quynh - Member of the EVN Board of Directors - acknowledged the efforts of the Board of Directors, Executive Board, and all employees of PECC1 in gradually restoring financial stability, maintaining operational continuity, and surpassing the 2024 performance targets.

In addition, he emphasized the need for PECC1 to continue seeking new clients, expanding both domestic and international markets, and focusing on high-growth potential sectors. He stressed: “The company must fully leverage its technical strengths, uphold its brand reputation, and accelerate the implementation of the 2025 business tasks as approved by the General Meeting.”

At the meeting, two new members were elected to the Board of Directors - Mr. Nguyen Kim Cuong and Mr. Do Viet Khoa - to enhance corporate governance capacity and support the company’s medium- and long-term development strategy.

Mr. Nguyen Tai Anh officially handed over the position of Chairman of the Board of Directors to Mr. Nguyen Huu Chinh - Board Member and General Director of the company.

Translator: Thu Hường