Vietnam Electricity posts $207.6-mln profit

But, its core business of electricity production and trading reported VND1.3 trillion in losses due to price reduction and discounts. In 2020, EVN sold each kilowatt-hour for an average VND1,820.20, down 1.68 percent from 2019.

Reduction in sales price, together with changes in electricity load and consumption due to Covid-19, and VND12.3-trillion bill discounts for pandemic-hit customers, are cited as reasons for the loss.

The company reported more than VND6 trillion in revenue from its financial activities, capital transfers, and dividends profits in 2020.