Mr. Duong Van Mau, former Chairman of the Board of Directors of Northern Electricity Investment and Development Joint Stock Company 2 (NEDI2), has been temporarily detained for violating bidding regulations. He was removed from his position on February 24, 2025, and currently serves as a Board member and Deputy General Director at the Vietnam Construction and Import-Export Corporation (Vinaconex). NEDI2, a subsidiary of Vinaconex, focuses on hydropower investment, with a charter capital of nearly 500 billion VND and total assets of around 1.5 trillion VND. The largest shareholder is Vinaconex with 51.1% ownership, followed by Toyota Tsusho Corporation with 35%. By 2025, NEDI2 reported nearly 409 billion VND in revenue and 214 billion VND in profit, with a market capitalization exceeding 1.7 trillion VND.
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