State-run power giant Electricity Group of Vietnam (EVN) will have to completely divest from six businesses operating in its non-core sectors by 2015, under a restructuring plan that has recently been approved by the government. The companies include An Binh Securites Co, An Binh Bank, Global Insurance Co, Saigon Vina Real Estate JSC, EVN Land Central, and the Vietnam Investment and Construction Electricity Co. Besides its core businesses of producing, trading, importing and exporting electricity, EVN is allowed to operate in the finance investment, government capital trading, ICT services, and workforce training sectors. The Prime Minister also stipulates that in the 2012 – 2015 period, major hydropower companies such as Hoa Binh, Son La, Yaly, and Tri An, and several important units in the national power market such as the Electric Power Trading Company and the National Load Dispatch Centre remain operating as subsidiaries of EVN.
More

Global trade tensions may present opportunities for Vietnam: minister
Global trade tensions will also open up opportunities for Vietnam to capitalize on supply chain shifts and attract higher-quality investment flows
Read more

Vietnamese firms proactively respond to trade tensions between US and Canada, Mexico, China
Any country with a significant trade deficit with the U.S. could become a target, including Vietnam
2 days ago
Vietnam’s rice export price down
India's reopening of rice exports, along with increased self-sufficiency in some countries, has driven down the price of Vietnamese export rice
22 hours ago
Gold rush on God of Wealth Day in Vietnam: Long lines and surging prices
The website for Saigon Jewelry Company (SJC), the largest gold firm in Vietnam, was temporarily inaccessible due to overwhelming traffic as consumers rushed to check the price updates in the morning
1 day ago
Global trade tensions may present opportunities for Vietnam: minister
Global trade tensions will also open up opportunities for Vietnam to capitalize on supply chain shifts and attract higher-quality investment flows
11 hours ago
Vietnam sets new record for int’l tourist arrivals in early 2025
The total influx of international tourists in January surpassed the pre-pandemic level of January 2020
1 day agoHighlights

Global trade tensions may present opportunities for Vietnam: minister
Global trade tensions will also open up opportunities for Vietnam to capitalize on supply chain shifts and attract higher-quality investment flows
Latest news

Global trade tensions may present opportunities for Vietnam: minister
Global trade tensions will also open up opportunities for Vietnam to capitalize on supply chain shifts and attract higher-quality investment flows

Vietnam’s Dong Nai attracts over $240mn in 7 new FDI projects
The newly approved FDI projects come from Japan, Thailand, Singapore, Taiwan, South Korea, and the U.S.

Top Vietnamese leader meets with new ambassadors of Pakistan, Thailand
Prime Minister Pham Minh Chinh hosted separate receptions for the two newly-appointed ambassadors in Hanoi on Friday afternoon

Vietnamese bartender arrested over methanol poisoning deaths of 2 foreign tourists in Hoi An
He mixed medical alcohol with water, lemon zest, and sugar to create an imitation Limoncello

Week of tremors exposes dangers of Santorini's construction boom
The tremors prompted the government to declare a state of emergency on Thursday

Vietnamese student reported missing in Ho Chi Minh City found in China
She is expected to return to Vietnam on a flight departing on Saturday evening

Sweden to tighten gun laws after mass shooting at school
Ten people were shot dead at the Campus Risbergska school in Orebro on Tuesday

Guardiola denies Man City's January spending due to transfer embargo fears
Reigning Premier League champions City were charged with 115 violations of financial regulations in 2023

Sumo returns to Paris and turns heads
They promote a sumo tournament in Paris in 2026

Airbus and Boeing eye India's 'soaring skies'
"India is the rising star of global aerospace," said Remi Maillard, Airbus India and South Asia chief
City Diary

Vietnamese 'bánh chưng': Heavy in carb and love
1 week ago
I’ve spent a full zodiac cycle in Vietnam
2 weeks ago