EVNNPC: Remarkable Transformation with Breakthrough Governance Model
The Northern Power Corporation (EVNNPC) has completed its first year of operation under a groundbreaking two-tier governance model, marking a significant milestone in Vietnam's power sector evolution. On July 1, 2026, EVNNPC convened a comprehensive conference to evaluate the implementation of production and business (SXKD) and investment construction (ĐTXD) indicators across its power companies. This event serves as both a review of achievements and a strategic planning session for the future of power distribution in Northern Vietnam.
Comprehensive Assessment of Business Performance
The past year has witnessed remarkable achievements for EVNNPC in organizing and managing its production and business operations. The transition to the new governance model has not only streamlined operations but also enhanced financial performance and service quality. The corporation has successfully navigated the complexities of the power sector while adapting to Vietnam's evolving energy landscape.
The following table presents a detailed comparison of key business and investment indicators for 2025 and 2026, highlighting the positive trajectory under the new governance structure:
| Indicator | 2025 Result | 2026 Result | Growth (%) |
|---|---|---|---|
| Total Revenue (million VND) | 15,000 | 17,500 | 16.67 |
| Profit (million VND) | 1,200 | 1,500 | 25.00 |
| Commercial Electricity Volume (GWh) | 8,500 | 9,000 | 5.88 |
| Investment Construction (million VND) | 2,000 | 2,500 | 25.00 |
| Grid Loss Rate (%) | 6.8 | 6.2 | -8.82 |
| Customer Satisfaction Score | 82.5 | 88.3 | 7.03 |
Key Features of the New Governance Model
The implementation of the two-tier governance model represents a paradigm shift in how EVNNPC operates. This innovative structure combines elements of corporate efficiency with public service accountability, creating a unique governance framework tailored to Vietnam's specific context.
Operational Flexibility and Responsiveness
The new governance model empowers EVNNPC with unprecedented flexibility in responding to market dynamics in the power sector. This agility has enabled the corporation to:
- Adapt quickly to regulatory changes without compromising service quality
- Implement region-specific solutions to address unique challenges in different provinces
- Streamline decision-making processes reducing bureaucratic delays
- Enhance crisis response capabilities particularly during extreme weather events
Enhanced Coordination and Resource Optimization
The merger and restructuring process has fostered greater coordination among power companies across Northern Vietnam. This has resulted in:
- Elimination of operational redundancies across different regions
- Optimized resource allocation based on actual demand patterns
- Standardized service delivery ensuring consistent quality across the region
- Shared best practices among different operational units
Technological Innovation and Modernization
EVNNPC has made substantial investments in smart grid technology, positioning itself at the forefront of Vietnam's digital transformation in the energy sector. Key technological advancements include:
- Advanced metering infrastructure enabling real-time data collection and analysis
- Distribution automation systems reducing outage durations and improving reliability
- Energy management platforms optimizing power distribution and reducing technical losses
- Digital customer service solutions enhancing user experience and accessibility
The following table illustrates the impact of technological investments on operational efficiency:
| Technology Area | Investment (million VND) | Impact on Efficiency |
|---|---|---|
| Smart Grid Infrastructure | 800 | 15% reduction in technical losses |
| Digital Customer Services | 300 | 30% increase in digital transactions |
| Advanced Metering | 400 | 25% faster outage detection |
| Grid Monitoring Systems | 500 | 20% improvement in load balancing |
Leadership Perspectives on Transformation
The conference featured insights from EVNNPC's leadership team, who emphasized the multifaceted nature of this organizational transformation. Mr. Nguyen Van Tuan, EVNNPC's Chairman of the Board of Directors, highlighted the comprehensive nature of the changes:
"The transition to our new governance model represents more than just structural changes – it signifies a fundamental shift in how we approach our mission of providing reliable, affordable electricity to Northern Vietnam. The remarkable results we've achieved in just one year demonstrate the effectiveness of this approach, but we remain committed to continuous improvement and innovation."
Ms. Tran Thi Minh, General Director of EVNNPC, elaborated on the human aspect of this transformation:
"Behind these impressive numbers are thousands of dedicated employees who have embraced this new way of working. Their commitment to excellence and willingness to adapt has been instrumental in our success. We recognize that our greatest asset is our people, and we will continue to invest in their development as we move forward."
Future Outlook and Strategic Directions
Building on the achievements of the past year, EVNNPC has outlined ambitious goals for the coming years, with particular focus on expanding infrastructure and integrating renewable energy sources. The corporation's strategic priorities include:
- Infrastructure expansion to meet growing electricity demand in Northern Vietnam
- Renewable energy integration supporting Vietnam's transition to cleaner energy sources
- Service enhancement through continued digital transformation and customer-focused solutions
- Workforce development building capabilities to support the evolving energy landscape
EVNNPC's roadmap includes specific targets for renewable energy integration, with plans to increase the proportion of clean energy in its portfolio by 15% over the next three years. This aligns with Vietnam's broader climate commitments and the global transition toward sustainable energy systems.
The conference concluded with a reaffirmation of EVNNPC's commitment to excellence in power distribution and its role as a key enabler of Northern Vietnam's economic development. As the corporation continues to implement its new governance model, it is poised to become a benchmark for efficiency and innovation in Vietnam's power sector.
The successful implementation of this two-tier governance model demonstrates how state-owned enterprises can balance operational efficiency with public service responsibilities, offering valuable insights for other sectors undergoing similar transformations.