EVN wipes out accumulated losses thanks to sudden profits
Vietnam Electricity Group (EVN) recorded positive business results in 2025 with net revenue of more than 645,000 billion VND, an increase of more than 11%; after-tax profit reached nearly 51,882 billion VND, more than 6 times higher than the previous year. Thanks to that, EVN wiped out accumulated losses of more than 38,688 billion VND and converted undistributed after-tax profit from negative to positive of more than 5,533 billion VND.
The main driving force comes from electricity business activities when electricity sales revenue reached more than 637,000 billion VND, a sharp increase while the cost of goods sold only increased slightly. Gross profit increased from 49,588 billion VND to more than 96,351 billion VND. EVN also owns a large amount of deposits and cash, with total bank deposits for all terms reaching more than 152,443 billion VND, bringing in over 3,000 billion VND in interest in the year.
Although the financial situation has improved significantly, EVN is still under great pressure from debt and exchange rates. Total payables at the end of 2025 are 523,450 billion VND, of which outstanding loans and financial leases are more than 341,566 billion VND. See more...
Workshop on Energy Transition - Driving Force for Two-digit Growth Goals
To realize the goal of double-digit economic growth and become a developed, high-income country by 2045, Vietnam identifies digital transformation, green transformation and energy transition as new growth drivers. Energy is considered an important foundation to ensure rapid, sustainable growth and economic security.
In the context of continued increasing demand for electricity and fuel, Vietnam needs to both ensure stable energy supply and reasonable costs, and promote the transition to clean, low-emission energy sources. However, the energy transition process still faces many challenges in terms of mechanisms, policies, infrastructure and investment resources.
In order to promote the energy transition process and effectively implement the Party's Resolution, Lao Dong Newspaper in coordination with the Ministry of Industry and Trade organizes the Workshop "Energy Transition - Driving Force for Two-digit Growth Goals" at 2:00 PM on June 9, 2026 at the Headquarters of Lao Dong Newspaper, No. 6 Pham Van Bach, Cau Giay, Hanoi. See more...
Gold prices fall sharply, people in Ho Chi Minh City take advantage of buying to accumulate
The sharp drop in gold prices in recent days has significantly increased the number of customers coming to trade in Ho Chi Minh City. Meanwhile, gold businesses no longer apply sales restriction measures as in the period when the market continuously set new peaks as before.
At many gold shops, customers mainly buy gold rings and jewelry gold in quantities from 1-5 chi for long-term accumulation. Although the number of customers has increased, transaction activities are going smoothly, and there are no long queues. Some people said they decided to buy in after gold prices fell sharply compared to the previous peak.
Gold expert Tran Duy Phuong - Director of Golden Fund Jewelry Company - recommends that investors prioritize capital preservation, allocating about 60% of the money source to savings deposits and 40% to investment channels such as gold or securities. See more...
