- To invest, construct and operate the hydroelectric power plants in Lao Cai and Northern provinces.

- To consult designs of civil, industrial, transportation, irrigation works, hydroelectric power plants, power plants, etc.

- To construct civil, industrial, electricity, irrigation, transport, line, transformer station works...

- May 6, 2004: Established Northern Electricity Development and Investment Joint Stock Company No. 2 with the initial charter capital of VND8.8 billion, the first affiliate of Vietnam Construction and Import-Export Corporation that operate in the energy investment and development field.

- December 31, 2005: Raised charter capital to VND10.32billion.

- December 31, 2006: Raised charter capital to VND33.978billion.

- December 31, 2007: Raised charter capital to VND93.889billion through issuing new shares to existing shareholders, Vinaconex's affiliates, BIDV and the company's staff.

- December 31, 2008: Raised charter capital to VND105.599billion.

- December 31, 2009: Raised charter capital to VND132 billion.

- July 22, 2010: The company's shares were officially listed and traded on UPCoM

- 2013: The company rose their charter capital to VND316.89 billion.

- 2014: Increased charter capital to VND415.29 billion.

- 2016: Increased charter capital to VND500 billion.