Vietnam Electricity Development Corporation: Strengthening stability, aiming for sustainable development.
In the context of a rapidly transforming energy sector, businesses are required not only to achieve growth but also to ensure stability, efficiency, and sustainability. For Vietnam Electricity Development Corporation (VNPD), this is no longer just a general strategic direction, but has become a consistent principle, concretized through clear steps in management, operation, and investment.
Strengthening internal capabilities, prioritizing operational stability.
In recent years, the power industry has faced numerous intertwined challenges, from fluctuating weather conditions and pressure from input costs to the ever-increasing demands for energy transition. In this context, ensuring stable, safe, and efficient operation has become a top priority for power generation companies.
For VNPD, this orientation is concretized by focusing on strengthening internal capabilities and stabilizing operations. Over the past period, the unit has proactively maintained its operations by reviewing and standardizing technical procedures, enhancing equipment maintenance, and applying technology in operational monitoring. As a result, VNPD's power plants have operated safely and continuously, contributing to ensuring stable electricity production and minimizing incidents.
In 2025, the unit's total commercial electricity output reached 638.479 million kWh, equivalent to 138.39% of the assigned plan and a 10.33% increase compared to the approved annual plan, and a 22.71% increase compared to 2024. Notably, at the Khe Bo Hydropower Plant, commercial electricity output in 2025 reached 468.764 million kWh, the highest since the plant began operation. Total revenue reached VND 702,000.795 million, equivalent to 136.05% of the plan, while after-tax profit reached VND 262,381.151 million, exceeding the target by 179.26%. These are impressive figures, reflecting the efficiency of the enterprise's operation and management.
Mr. Nguyen Anh Tuan, Member of the Board of Directors and General Director of Vietnam Electricity Development Joint Stock Company, stated: "The above results demonstrate the company's proactive and flexible approach in managing production and business operations, and also serve as an important foundation for building plans for the next phase."
Alongside technical improvements, financial management is also being tightened towards transparency and efficiency. The balance between investment and cash flow, and between costs and profits, is tightly controlled, helping the business maintain a solid financial foundation and cope with unpredictable market fluctuations.
Furthermore, VNPD also focuses on building a stable working environment, improving the quality of its human resources, and strengthening internal cohesion. This is considered a crucial factor in ensuring smooth business operations and the effective implementation of long-term strategies.
The choice of a stable direction reflects a clear shift in VNPD's development mindset. Instead of aiming for high short-term growth, the company prioritizes sustainability, ensuring that every step is well-founded and carefully calculated.
Buildlong-term strategy
VNPD's policy of stable development is not a situational decision, but is formed from the practical results achieved. Recently, on April 24, 2026, in Hanoi, the company held its annual general shareholders' meeting, where shareholders reviewed the business results and agreed on the direction for the next period.
At this General Meeting, VNPD set its 2026 plan in a stable and practical manner, with projected commercial electricity output of 472.839 million kWh, total revenue estimated at VND 530,707.389 million, and after-tax profit of VND 155,088.291 million. The investment plan for construction was set at VND 213,221.536 million, focusing on core projects.
Notably, in 2026, the Company will proactively implement a comprehensive approach to research, evaluation, and investment preparation for new power generation projects, closely adhering to the Company's development strategy for the period 2026-2030, with a vision to 2040. This will focus on researching and implementing two new energy projects: the Can Tho Biomass Power Project and the Nam Ma 2 Hydropower Project. This is a step in line with the energy transition trend, contributing to the diversification of power sources and enhancing the sustainability of its business operations.
Furthermore, VNPD continues to improve its governance structure, enhancing transparency and supervisory effectiveness. The high level of consensus among shareholders at the General Meeting, with almost unanimous approval on important issues, demonstrates confidence in the company's development direction.
It is evident that, from the achievements to the plans set forth, VNPD is gradually realizing its goal of stable and sustainable development. In the context of a volatile energy sector, this is not only a suitable choice but also a prerequisite for the company to maintain long-term growth.
With a solid foundation, a clear strategy, and the collective support of its leadership, employees, and shareholders, VNPD is moving towards a new phase of development – where stability is not only a goal but also a driving force for sustainable breakthroughs in the future.
