External factors, not poor personnel performance, contributed to Electricity of Viet Nam's (EVN) heavy losses of more than VND8.4 trillion (US$403.6 million) in 2010, said Dinh Quang Tri, deputy director of EVN yesterday. Mr. Dinh Quang Tri.
He made the statement at a press conference organised by the Ministry of Labour, Invalids and Social Affairs (MOLISA) which was organised to report on the ministry's investigation into EVN's implementation of the Government's salary and income regulations.
The harsh droughts of 2010 resulted in a lack of water for hydroelectricity and forced EVN to mobilise and procure electricity at high prices to meet demand, Tri said.
He attributed the losses to the increased price of fuel and the Government's decision to maintain electricity prices at a reasonable level for the people.
Despite the loss, however, the average income of the corporation's staff in 2010 reached more than VND7.6 million ($362) per person per month, an increase of nearly 4.4 per cent against 2009.
The staff should not be blamed for the loss because they demonstrated better performance in 2010 than they did in 2009, Tri said.
According MOLISA report, labour productivity at EVN in 2010 increased by 10.3 per cent over the previous year.
Pham Minh Huan, deputy minister of MOLISA, said EVN's implementation of the Government's law on salary and income was "essentially correct," except for the lack of benefits for a group of staff exposed to toxic and dangerous conditions and the uneven distribution of incomes among different divisions and units within the corporation.
Nguyen Tien Tung, deputy chief inspector of MOLISA attributed to the situation to the limited number of staff who were responsible for the corporation's salary and income issues, which Tri admitted to.
The ministry asked EVN to compensate those who had not received the proper benefits, to reasonably adjust its salary policies and to make the changes transparent to the public.
EVN employed 96,300 people throughout the country in 2010.
The corporation's 2011 financial report would be completed in May, Tri said. VNS