EVN and GE exchanged experiences in corporate governance

Chairman of the Member Board of Vietnam Electricity - Mr. Duong Quang Thanh chaired a conference with GE Group on business management experience, on 15 September 2020. The seminar was held online, connecting from the headquarters of Vietnam Electricity (Hanoi) to GE's conference points in Boston (USA), Bangkok (Thailand), Hong Kong (China) and Singapore.

Mr. Duong Quang Thanh - Chairman of EVN's Member Board speaking at the seminar

Speaking at the seminar, Mr. Duong Quang Thanh - Chairman of EVN's Member Board said that EVN is a state-owned enterprise responsible for managing Vietnam's power system – the second-largest-scale power management system in Southeast Asia (behind Indonesia) and 23^rd in the world. Vietnam's power grid infrastructure currently ranks first among ASEAN countries.

In order to perform its tasks well in the coming period, EVN has been focusing on three important fields: Improving management capacity, applying science and technology and improving the quality of human resources.

In particular, in order to improve governance capacity, EVN offers three main objectives: perfecting institutions and a synchronous legal basis to effectively manage and govern throughout the Group; Strongly applying IT as a management tool; Improving governance capacity from leaders to employees throughout the Group.

The EVN's Chairman of Member Board affirmed that over the past years, EVN and GE have cooperated effectively in many fields. EVN hoped to continue to receive support and coordination from GE to research and develop a Project to improve corporate governance capacity of the Group. Today's conference is the first step of exchanging and learning from GE's experience in corporate governance.

The conference is held in the form of online television, connecting from EVN’s conference point to GE’s conference points

GE Group and EVN have a long lasting relationship in the fields of business, distribution, transmission and training of human resources. Currently, EVN is promoting the application of the achievements of Industrial revolution 4.0. Vietnam Electricity sets a target to be ranked in the Top 4 of ASEAN in the electricity sector. GE is proud to be with EVN on the way towards that goal.

The conference is an opportunity for EVN and GE to learn from each other, in order to improve management capacity in order to supply customers with the best products and services.

GE experts have shared experiences and values in corporate governance; at the same time answering questions from leaders of the Group and EVN's professional departments on corporate governance. In the coming time, EVN and GE will continue to organize in-depth conferences on fields of corporate governance that EVN is interested in.