On September 9, the State Audit (SA) in coordination with Vietnam Electricity Group (EVN) and Power Generation Corporation 2 (EVNGENCO2) held an audit implementation conference.
According to Decision No. 1423/QD-KTNN dated September 4, 2025 of the State Audit Office announced by Chief Auditor of Sector VI Tran Van Hao, the Auditing Team will audit the results of the re-evaluation of tangible fixed assets of the three Hydropower Plants of Hoa Binh, Tri An, and Ialy and settle the value of state capital at the time of officially converting to a joint stock company of Parent Company - Power Corporation 2 within 53 days from the date of announcement of the Audit Decision.
The audited units include: Parent Company - EVN; EVNGENCO2 Office; EVNGENCO2 Branches: Can Tho Thermal Power Company, Song Bung Hydropower Company, An Khe - KaNak Hydropower Company, Quang Tri Hydropower Company, Trung Son Hydropower One Member Limited Liability Company.
The audit objective is to confirm the honesty and reasonableness of the Financial Statements and the State Capital settlement Report at the time of officially transferring to a joint stock company; assess compliance with the law on state capital settlement at the time of officially converting to a joint stock company of the parent company - EVNGENCO2 and re-evaluation of tangible fixed assets of the three Hydropower Plants of Hoa Binh, Tri An, Ialy; promptly detect corruption, waste, violations and clearly identify the responsibility of relevant collectives and individuals to propose handling according to the provisions of law.
The audit content includes: Financial report and State capital settlement report at the time of official transfer to a joint stock company; compliance with the law on equitization and financial handling when equitizing from the time of determining enterprise value to the time of official conversion to a joint stock company of EVNGENCO2 Parent Company. Auditing compliance with the law in re-evaluating the intangible fixed assets of the 3 Hydropower Plants of Hoa Binh, Tri An, and Ialy.
Scope of auditing the results of re-evaluating tangible fixed assets of the 3 Hydropower Plants of Hoa Binh, Tri An, Ialy: at 0:00 on July 1, 2021; audit the settlement of state capital value at the time of officially converting to a joint stock company: from the time of determining the enterprise value to the time of officially converting to a joint stock company (from January 1, 2019 to 0:00 on July 1, 2021) and related periods before and after.
Directing at the conference, Deputy State Auditor General Doan Anh Tho emphasized that this is an important audit, conducted at the request of the Government to re-evaluate the assets and state capital of hydropower plants, thereby having a basis to invest in developing power projects to restructure finance, innovate, and improve the operational efficiency of EVN.
Deputy State Auditor General Doan Anh Tho requested the Audit Team to comply with the provisions of law, the State Audit Law, the State Audit Standards and the objectives, contents, and scope of audit; organize audit and issue audit reports on time. Request the audited units to closely coordinate, provide complete and timely information, documents and explain related issues as required by the State Audit for the audit to be successful.
