EVN Finance has been licensed by the Bank of State with the duty of financing companies and projects that belong to The Electricity of Vietnam (EVN) in order to meet the demand of developing power generation and power network, supporting enterprises in mobilizing financial resources to develop the power sector. With such obligations, EVN Finance has determined that its development should rely on the modern information technology infrastructure, and then the Company has cooperated with EVNIT to carry out the system of Bank 2000. At present, Bank 2000 is the all-in software solution application which has numerous benefits specially for financial companies and banks. This is the first cooperated product of EVNIT and EVN Finance. With the cooperation, support and transfer of EVNIT, this software system will officially operate in EVN Finance since September 1, 2008.
At the same time, leaders of EVN Finance and EVN International signed the cooperation agreement. Accordingly, EVN Finance will act as a partner with EVN International in financing power generation projects in foreign countries. As said by the representative of EVN International, in the next coming time, the Company is in need of nearly USD 2 billion to develop power generation projects in Laos and Cambodia. Therefore, it is necessary for EVN International and EVN Finance to collaborate with each other.
With its function to finance projects of EVN, EVN Finance has committed to cooperate with EVNIT and EVN International in particular and other units at large.