EVNGENCO3 Annual General Shareholders' Meeting 2026: Strategic Vision and Development Roadmap
On June 17, 2026, in Ho Chi Minh City, Power Generation Corporation 3 (EVNGENCO3) successfully convened its Annual General Shareholders' Meeting for the year 2026. The event witnessed robust participation from shareholders, company leadership, and representatives from various regulatory bodies. This gathering marked a pivotal moment for the corporation as it outlined its strategic direction and development plans for the coming years amidst evolving energy landscapes.
EVNGENCO3, a subsidiary of Vietnam Electricity (EVN), stands as one of the key power generation companies in Vietnam, playing a crucial role in the nation's energy security and economic development. With a portfolio of power plants across the country, the corporation has consistently contributed to meeting the growing electricity demands while transitioning toward more sustainable energy solutions.
Objectives of the Annual General Meeting
The Annual General Shareholders' Meeting served multiple purposes beyond merely reporting on past performance. It functioned as a crucial platform for shareholders to engage directly with management, voice concerns, and contribute to the sustainable development trajectory of EVNGENCO3. Key agenda items addressed during the comprehensive session included:
- Comprehensive review of production and business operations in 2025
- Strategic orientation for 2026 and subsequent years
- Investment plans and new project development initiatives
- Solutions for enhancing electricity production efficiency
- Corporate governance improvements and shareholder value enhancement
- Sustainability commitments and environmental protection measures
Comprehensive Evaluation of 2025 Operations
The leadership of EVNGENCO3 presented a detailed report on the corporation's operational performance throughout 2025, highlighting significant achievements and identifying areas for improvement. The year 2025 proved to be one of resilience and strategic growth despite various market challenges.
| Performance Indicator | 2025 Achievement | 2024 Achievement | Year-on-Year Change |
|---|---|---|---|
| Total Electricity Production | 15,000 million kWh | 14,200 million kWh | +5.6% |
| Total Revenue | 25,000 billion VND | 23,500 billion VND | +6.4% |
| Pre-tax Profit | 2,500 billion VND | 2,200 billion VND | +13.6% |
| Investment in Projects | 5,000 billion VND | 4,200 billion VND | +19.0% |
| 82.5% | 80.3% | +2.2% |
Notably, 2025 witnessed the successful commissioning of two new power units with a combined capacity of 600MW, significantly enhancing the corporation's generation capacity. Additionally, EVNGENCO3 made substantial progress in reducing carbon emissions per kWh produced, achieving a 7% reduction compared to the previous year.
Strategic Development Plan for 2026
During the discussion of the 2026 development plan, EVNGENCO3 articulated ambitious goals to strengthen production capacity, expand operational scale, and invest in emerging technologies to enhance efficiency while minimizing environmental impact. The strategic plan encompasses several key initiatives:
- Renewable Energy Expansion: Increasing investment in solar and wind energy projects, targeting an additional 500MW of renewable capacity by 2028
- Grid Modernization: Upgrading transmission and distribution systems to improve reliability and accommodate variable renewable energy sources
- Technology Innovation: Accelerating research and development in advanced energy technologies, including energy storage solutions and smart grid applications
- Digital Transformation: Implementing comprehensive digital solutions across operations to enhance monitoring, maintenance, and efficiency
- Sustainability Commitment: Further reducing carbon footprint through improved efficiency and transitioning to cleaner generation technologies
The corporation has allocated approximately 6,000 billion VND for investment activities in 2026, with a significant portion dedicated to renewable energy projects and technological upgrades. This represents a 20% increase in investment compared to the previous year, demonstrating EVNGENCO3's commitment to long-term growth and sustainability.
Shareholder Engagement and Feedback
The Annual General Meeting provided an active forum for shareholder engagement, with numerous participants contributing valuable insights and suggestions. Shareholders expressed strong support for the corporation's strategic direction while offering constructive feedback on several key areas:
| Shareholder Concern Area | Key Points Raised | Management Response |
|---|---|---|
| Renewable Energy Transition | Requested faster transition to clean energy sources and clearer timeline for phasing out conventional power | Committed to developing a detailed roadmap with interim targets and regular reporting on progress |
| Dividend Policy | Inquiry about maintaining dividend growth amid increased investment needs | Reaffirmed commitment to progressive dividend policy while balancing reinvestment needs |
| Corporate Governance | Agreed to implement more comprehensive disclosure practices and shareholder consultation mechanisms | |
| Risk Management | Concerns about climate change risks and energy market volatility | Outlined comprehensive risk mitigation strategies including diversification and hedging approaches |
Future Outlook and Strategic Commitments
Looking ahead to 2026 and beyond, EVNGENCO3 has articulated a clear vision to become a leading energy enterprise in Vietnam with a balanced portfolio of conventional and renewable energy sources. The corporation aims to achieve the following key milestones by 2030:
- Increase renewable energy capacity to 30% of total generation portfolio
- Reduce carbon emissions intensity by 40% compared to 2020 levels
- Implement digital transformation across all operational processes
- Enhance service reliability to 99.5% for major industrial customers
- Develop human capital with advanced technical capabilities in new energy technologies
Conclusion
The Annual General Shareholders' Meeting of 2026 for EVNGENCO3 represented more than a routine corporate gathering; it was a strategic inflection point that set the course for the corporation's evolution in the rapidly changing energy landscape. With clear strategic direction, robust investment plans, and strong shareholder support, EVNGENCO3 is well-positioned to meet Vietnam's growing energy demands while contributing to national sustainability goals.
The corporation's commitment to balancing traditional energy needs with the transition to cleaner sources reflects a pragmatic approach to energy development. As EVNGENCO3 moves forward with its ambitious plans, it will continue to play a pivotal role in Vietnam's energy security while actively participating in the global effort to combat climate change through responsible energy production and innovation.