The shares will be sold on the Hanoi stock exchange, when the market starts operating on 8 March. The sale will herald the first initial public offering (IPO) in the sector, reports Vietnamese daily Tin Tuc news.

EVN stated in 2004 that it plans to privatise nearly half of its 20 power plants between 2004 – 2010 to raise funds to expand the capacity of the energy-starved country.