Vice President Dang Thi Ngoc Thinh presents the “Labour Hero in Renewal Period” title to Electricity of Vietnam (EVN) in recognition of its contributions to national socio-economic development. (Photo: VNA)

Addressing the ceremony, Deputy Prime Minister Trinh Dinh Dung praised EVN for its achievements during its formation and development.

The electricity sector in general and EVN in particular must ensure the stable supply of electricity at reasonable prices for Vietnam’s rapid and sustainable socio-economic development.

He suggested the group efficiently exploit and use domestic energy resources in combination with a reasonable level of energy exports and imports, towards turning it into a strong economic group and with a vision to becoming a leading corporation in the energy sector in Vietnam and Asia by 2045.

According to EVN General Director Tran Dinh Nhan, the group has recorded important achievements during its 66 years, contributing to the cause of national construction and defence.

In particular, over the last ten years, EVN’s efforts have contributed to ensuring a stable and safe electricity supply, thus promoting high economic growth.

Commercial electricity recorded average growth of 9.7 percent each year in the period. The company has also invested strongly in infrastructure development for electricity generation and transmission and power distribution and business.

EVN’s total power capacity reached over 60,000 MW, ranking it second in Southeast Asia and 23rd in the world.

The national electricity network extends to all parts of the country. The 500 kV north-south super-high-voltage transmission line - the “backbone” of Vietnam’s power system - has been added a third circuit, ensuring power supply to key economic regions around the country.

In implementing its rural electrification programme, EVN brought electricity to all communes nationwide, 99.54 percent of households, and 11 out of 12 island districts.

Automation, remote control, and digitalisation technology have been widely applied to operating and managing the electrical network, contributing to reducing power losses to less than 6.5 percent.

The group ranks 27th in a global access-to-electricity index, helping to improve the national business environment and competitiveness./.

BTA