EVN Finance company marks its ninth founding anniversary

14:26 | 31/08/2017 Companies

The Vietnam Electricity (EVN)’s Finance Joint Stock Company (EVN Finance) held a ceremony in Hanoi, on August 28, to celebrate its ninth founding anniversary (September 1, 2008 – 2017).

NA Vice Chairman Uong Chu Luu presents Labour Order, third class, to EVN Finance - Credit: evn.com.vn

Vice Chairman of National Assembly (NA) Uong Chu Luu attended the event and presented a Labour Order, third class, to EVN Finance.

Over the past nine years, EVN Finance has fulfilled its role as a focal point in arranging capital and providing financial advice for many power projects of not only EVN but also its affiliated units, including the Lai Chau Hydropower Project (VND6 trillion), power transmission projects of the National Power Transmission Corporation (US$200 million in 2011 and US$245 million in 2014), and the Serepoc 4A Hydropower Project (US$62.5 million).

As of December 31, 2016, EVN Finance was assigned to control spending and manage finances for the projects of the Ministry of Finance and EVN, with total value of over US$5 billion (converted), in addition to paying VND496 billion to the State budget.

Speaking at the ceremony, Chairman of the Management Board of EVN Finance said that the company has affirmed its position as a non-bank credit institution, establishing a stable customer base, as well as effectively operating business activities, earning profits every year.

The company has received numerous certificates of merit and emulation titles from EVN, the State Bank of Vietnam and the Ministry of Industry and Trade for its outstanding achievements.

EVN Finance will continue to prioritise the provision of financial products and services to serve the EVN and other units within the electricity industry.

Theo NDO