Enterprise value of equitized Parent company - EVNGENCO 2 reaches more than VND 46.1 trillion

On 19 May 2020, in Hanoi, the State Capital Management Committee (CMSC) announced the enterprise value of the equitized Parent Company - Power Generation Corporation 2 (EVNGENCO 2) under Electricity of Vietnam.

The enterprise value of the equitized Parent Company - EVNGENCO 2 is determined by the AASC - UHY Consulting Joint Venture on the basis of the Financial Statements audited by KPMG International and published on the unit's website, as well as on the Enterprise Information Portal of the Ministry of Planning and Investment.

From left to right: General Director of EVNGENCO 2 - Mr. Truong Hoang Vu; EVN’s General Director - Mr. Tran Dinh Nhan; CMSC’s Vice Chairman, Head of Steering Committee for Equitization of EVNGENCO 2 - Mr. Ho Sy Hung; Deputy Director of Electricity Regulatory Authority, Ministry of Industry and Trade - Mr. Dinh The Phuc; Chairman of EVNGENCO 2’s Member Board - Mr. Tran Phu Thai.

Accordingly, the enterprise value at 0 o'clock on 1 January 2019 of the Parent Company - EVNGENCO 2 is used to equitize after having audited by the State Audit Office of Vietnam.

Actual value of the parent company - EVNGENCO 2 for equitization is VND 46,102,241,909,599. In which: Actual value of state capital in the Parent company - EVNGENCO 2 is VND 26,605,439,524,772.

Assets not included in the enterprise value of equitization are fixed assets formed from the reward and welfare funds with the remaining value of VND 5,694,156,764 and transferred to the trade union at the joint tock company for management and use to serve the collective of employees in the joint-stock company as prescribed in Clause 4, Article 14 of Decree No. 126/2017/ND-CP dated 16 November 2017 of the Government.

Currently, the Committee for State Capital Management at Enterprises (CMSC) has instructed EVN and EVNGENCO 2 to urgently implement the following steps in accordance with the regulations, it is expected that the equitization plan will be submitted to the Prime Minister for approval in August 2020 and will conduct the initial public offering (IPO) in December 2020 to meet the approved schedule.

EVN’s Deputy General Director Nguyen Xuan Nam said that EVNGENCO 2 was the first unit in the Group to be equitized and approved the equitized enterprise value by CMSC according to Decree No. 126/2017/ND-CP dated 16 November 2017 of the Government. EVN always complies with the instructions of the Party, CMSC, drastically in the equitization work, actively directing EVNGENCO 2 and related units to carry out the work and completing it on schedule as approved.

Delegates and investor’s representatives participating in the program


  • 19/05/2020 08:45
  • evn.com.vn
  • 557