the Corporation’s electricity output in 2022 is
0
reaching 101.23% of the plan, of which 28.141 billion kWh from dependent accounting units and 4.101 billion kWh from subsidiaries and affiliates (in which EVNGENCO3 assigns representatives).
MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS
AND THE PRESIDENT & CEO
Dear valuable Shareholders, Business Partners and Customers,
Dinh Quoc Lam - Chairman
The year 2022 is a year of great significance, marking the 10-year journey of Power Generation Joint Stock Corporation 3 (EVNGENCO3) of outreach to develop, affirming its leading position in the field of electricity production and repair services for power plants, contributing to ensuring energy security for the country.
Spending a 10-year development journey with many difficulties and challenges, EVNGENCO3’s employees have always maintained the spirit of solidarity and joining hands to steadily move forward, creating new values to “write prideworthy melodies” for EVNGENCO3. This spirit will continue to be “burn” in passion on the journey of steady development towards the future, so that EVNGENCO3 employees are proud to be an EVNGENCO3 member with the slogan engraved on their mind “the heart may stop beating but electricity cannot be turned off”.
The year 2022 was a difficult and challenging year with a lot of fluctuations in the world when fuel prices highly increased; the local gas sources decreased and its price also increased as per the world oil price. In addition, EVNGENCO3 business performance encountered certain challenges resulted from exchange rate differences, interest rates, etc. Nonetheless, with the efforts of the leaders and the employees, EVNGENCO3 has not stopped in the face of difficulties. We have firmly overcome all obstacles to fulfill the targets and tasks assigned by the General Meeting of Shareholders, ensuring electricity supply for the country’s socio-economic development.
Spending a 10-year development journey with many difficulties and challenges, EVNGENCO3’s employees have always maintained the spirit of solidarity and joining hands to steadily move forward, creating new values to “write prideworthy melodies” for EVNGENCO3.
Total revenue of the Corporation’s parent company is VND 46,382 billion, reaching 102.13% of the plan, contributing to the State budget by VND 2,079 billion.
This result has proven the increasing efforts and flexible adaptation solutions of EVNGENCO3’s leaders and employees.
In particular, 2022 is the first year PGV stock is listed on Ho Chi Minh Stock Exchange (HOSE). This event has affirmed the prestige and transparency in corporate governance, opening up new opportunities in EVNGENCO3’s development strategy.
We believe that with the traditional foundation and steady strengths, EVNGENCO3 will continue to maintain and promote the spirit of “jointly making a difference, moving forward together”, leading EVNGENCO3 to reach new heights, achieving new successes in the journey ahead.
Le Van Danh - President & CEO
In addition, EVNGENCO3 has actively implemented digital transformation and automation to its member units, contributing to improving production and business efficiency, increasing labor productivity and enhancing power supply reliability, ensuring to provide operation and repair services to power plants of the customers and creating a premise to become a digital enterprise.
With the spirit of solidarity and support, showing responsibility to the community, EVNGENCO3 has implemented many social security programs with a total value of VND 10 billion.
INHERIT VALUES - STEADILY MOVE TO FUTURE
Entering 2023 - the pivotal year to implement the 5-year plan in 2021 - 2025 and also the beginning of a new development phase of EVNGENCO3, the Leadership is aware that opportunities and challenges will be intertwined in 2023. The country’s economic growth and the monetary policy flexibly managed by the Government will give an opportunity for EVNGENCO3 to maintain production stability, persist in corporation restructuring, expand investment/cooperation in new power projects, creating a premise for a breakthrough in the coming period.
We believe that with the traditional foundation and steady strengths, EVNGENCO3 will continue to maintain and promote the spirit of “jointly making a difference, moving forward together”, leading EVNGENCO3 to reach new heights, achieving new successes in the journey ahead, always fulfilling the tasks entrusted by shareholders and continuing to successfully implement the goal of “Supplying high-quality electricity with better service everyday”, ensuring responsibility to the environment and the community”, contributing to ensuring national energy security, contributing to the country’s socio-economic development.
Dinh Quoc Lam
Chairman
Le Van Danh
President & CEO