The Prime Minister has requested that the electricity purchase and sale price framework be made public.

Considering the proposals from the Ministry of Finance, the Ministry of Industry and Trade, and the Vietnam Electricity Group (EVN) regarding the handling of the results of the financial audit at EVN, the Prime Minister has issued a document concluding the financial audit at EVN.

The Prime Minister requested the Ministry of Industry and Trade to issue and publicly announce the electricity purchase and sale price framework applicable to each type of power generation (hydropower, thermal power); to inspect the implementation of electricity selling prices according to the law; and to coordinate with the Ministry of Finance to inspect the implementation of the electricity pricing plan and evaluate EVN's investments in securities, banking, insurance, and EVN Telecom.

Regarding the handling of exchange rate differences and the payment of forest environmental fees for 2009 and 2010 by EVN, the Prime Minister requested that relevant agencies implement the Government's directives accordingly. Regarding the accounting of the reduction in the value of fixed assets for the portion of government bond capital used for the resettlement of people displaced by the Tuyen Quang hydropower project, the Prime Minister requested that EVN follow the guidance of the Ministry of Finance. For other issues related to financial management and the electricity pricing scheme, the Prime Minister requested that EVN implement the recommendations of the Ministry of Finance in the financial inspection report.

The Ministry of Industry and Trade must learn from its failure to closely follow the Prime Minister's directives in Notice No. 50/TB-VPCP dated February 12, 2010, regarding electricity pricing guidelines for 2010. The Ministry of Industry and Trade must direct EVN to review the responsibilities of the collective and individuals involved in the violations discovered during the inspection and report the results to the Prime Minister.

According to a report by the Party Committee of the Central Business Bloc on the production and business situation of state-owned corporations and companies in the first eight months of 2011, EVN's cumulative losses as of June 30, 2011, amounted to VND 31,565 billion. Of this, losses in 2010 totaled VND 23,647 billion. EVN also features on the list of enterprises investing outside its core business, with 2.8% of its charter capital, equivalent to VND 2,100 billion.

According to SGGP