PV Power prepares for August IPO

PetroVietnam Power Corporation (PV Power) will make its initial public offering (IPO) this August, the electricity producer announced.
PV Power prepares for August IPO ảnh 1The Ca Mau 1 Power Plant of PV Power. (Photo: VNA)

Hanoi (VNA) – PetroVietnam Power Corporation (PV Power) will make itsinitial public offering (IPO) this August, the electricity producer announced.

TheMinistry of Industry and Trade has approved the business valuation of thecompany, said a representative of PV Power. It has worked to devise anequitisation plan and seek strategic investors for the IPO.

PVPower is a wholly-owned unit of the Vietnam Oil and Gas Group, with current chartercapital at 21.7 trillion VND (958.7 million USD).

Establishedin May 2007, PV Power operates eight power plants with combined capacity ofover 4,208 MW.

Itgenerates more than 16 billion kWh of electricity annually, 15 percent of thenation’s electricity.

Duringits 10-years of operation, PV Power has provided 136 billion kWh of electricityto the national grid, earning 8.6 trillion VND (378.6 million USD) of profit.-VNA 

VNA

See more

At an automotive exhibition in Shanghai, China. (Photo: AFP/VNA)

Chinese electric vehicles drive back into Vietnamese market

About a decade ago, Chinese car brands like Zotye Z8, Beijing X7, and Brilliance V7 entered the Vietnamese market to limited success. But a new fleet of modern Chinese vehicles began to gain traction in the Vietnam market last year.

Illustrative image (Photo: VNA)

Nearly 16 trillion VND raised through January bond auctions

The January auctions saw a strong preference for 10-year and 15-year bonds, representing 80.2% and 14.8% of the total, respectively. Specifically, 10-year bonds raised 12.81 trillion VND, while 15-year bonds garnered 2.36 trillion VND.

Thang Long ferry at Cau Da port in Ba Ria - Vung Tau province. (Photo: VNA)

Vung Tau - Con Dao high-speed ferry reoperated

The high-speed ferry service connecting Vung Tau city and Con Dao island in the southern province of Ba Ria-Vung Tau and vice versa was resumed on February 7 by Phu Quoc Express JSC after a 5-month suspension.

At the working session between the Vietnam Directorate of Market Surveillance and the US Embassy over counterfeit Sunview-branded raisins in Hanoi on February 7. (Photo: dms.gov.vn)

Vietnam, US tackle counterfeit Sunview-branded raisins

Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.