Vietnamplus

Twenty-five companies have entered the “one-trillion-dong profit club” for January-June, despite the economy being ravaged by the COVID-19 pandemic.

The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has completed plans for the construction of four liquefied natural gas (LNG)-fired power plants.

A number of listed companies have announced lower earnings in April after closing for half of the month.

PetroVietnam Power Corporation (PV Power) has supplied 200 billion kWh to the national grid since it started operations 13 years ago, confirming its position as the top power supplier in the country.

PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.

Three large-cap companies that debuted on the Ho Chi Minh Stock Exchange (HoSE) in 2019 saw their shares beaten by the benchmark VN-Index at the end of the year.

Merging the two national stock exchanges would improve efficiency and trading conditions, the 14th National Assembly heard at a meeting on June 6.

The PetroVietnam Power Corporation (PV Power) is accelerating the raising of 32 trillion VND (1.4 billion USD) for its Nhon Trach 3 & 4 thermal power plants.

The following are the top 10 outstanding events for Vietnam’s stock market in 2018 as selected by the Securities Journalists Club.

The PetroVietnam Gas Corporation (PV Gas) will be a supplier of liquefied natural gas (LNG) for the Nhon Trach 3 and 4 power plants under a framework agreement between the firm with the PetroVietnam Power Corporation (PV Power).

The Ho Chi Minh Stock Exchange (HoSE) has recently accepted or looks set to accept the listing of three more large-cap companies, but questions remain following a volatile year for the market.

Vietnam’s stock market capitalisation rose 13.5 percent against the end of last year, reaching a record high of 3.98 quadrillion VND (170.93 billion USD), according to the State Securities Commission (SSC).

The Unlisted Public Company Market (UPCoM) has gained less attention compared to the Ho Chi Minh and Hanoi stock exchanges in the past few months, but there are some names expected to boost investor confidence.

More than 2.34 billion shares of the PetroVietnam Power Corporation (PV Power) will be listed on the Ho Chi Minh Stock Exchange (HoSE) under the code POW on January 14, 2019.

The Nhon Trach 2 thermal power plant in the southern province of Dong Nai has generated 35 billion kWh for the national grid over just seven years of operation.

As much as 7.45 trillion VND (320.5 million USD) were collected for the State budget from the initial public offerings (IPOs) of three member companies of the Vietnam Oil and Gas Group (PetroVietnam) in the first six months of 2018.

Foreign investors acquired more than 40.5 trillion VND (1.74 billion USD) worth of Vietnamese equities in net value in the first six months of the year.

PetroVietnam Power Corporation (PV Power) recorded a consolidated net profit of 780 billion VND (34.2 million USD) in the first quarter, a growth of 30.6 percent against the same period of last year.

The State-owned Vietnam Oil and Gas Group (PetroVietnam or PVN) has drafted a plan for a comprehensive restructuring until 2025, under which it will continue with large-scale divestment from all of its member corporations and companies.

Following the successful IPO in January, PetroVietnam Power Corporation (PV Power) started trading its shares on the Unlisted Public Company Market (UPCoM) on March 6.