EVN chairman dismissed for poor performance

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The government has dismissed the chairman of state utility Electricity of Vietnam (EVN) from his position because of inadequate management skills, a senior government offcial said Saturday.

Dao Van Hung was responsible for the weaknesses of the group, particularly for losses incurred by its telecom unit, EVN Telecom, Vu Duc Dam, chairman of the Government Office, told a press briefing in Hanoi.

The authorities will decide to what extent Hung should be held accountable for the performance of the company, Dam said.

General Director Pham Le Thanh has been assigned to temporarily take over the position of chairman.

Hung was appointed chairman of EVN in Octover 2007, according to news website VnExpress.

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EVN Telecom posted revenues of nearly VND2.43 trillion (US$115.5 million) in 2011, equal to 62.7 percent of the annual target. The struggling group reportedly owes huge debts to many of its partners.

The transfer of the company to military-run Viettel was approved by the government late last year and is expected to be completed by the end of March.

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