PV Power to shift listing to HoSE early next year

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.

  • PM urges An Giang to lure more major businesses
  • Prime Minister hails businesses’ entrepreneurial spirit
  • Businesses in Vietnam pledge to fight illegal wildlife consumption
pv power to shift listing to hose early next year hinh 0

The firm started to trade its shares on the Unlisted Public Company Market (UPCoM) on March 6 this year, at the starting price of VND14,900 per share, according to PV Power Chairman Ho Cong Ky.

PV Power has a charter capital of more than VND23.4 trillion (US$1 billion), with the National Oil and Gas Group (PVN) as the biggest shareholder at nearly 80% of ownership.

The trading of PV Power on UPCoM came after the company successfully sold more than 468 million shares, or 20% of its capital, for nearly VND7 trillion (US$307.3 million) in its initial public offering (IPO) on January 31. Foreign investors combed about 60% of the share offer.

On December 17, the HoSE approved the listing of PV Power on the southern bourse, nine months after it debuted on the UPCoM, the shortest time ever a stock was shifted from UPCoM to HoSE, Ky said.

PV Power will close its shareholder list on December 27 and stop trading on the UPCoM the following day to prepare for the shifting.

PV Power is the second-largest electricity producer in Vietnam behind Vietnam Electricity (EVN), operating eight power plants with a total combined capacity of 4.2GW.

By the end of the first quarter of 2018, PV Power’s output reached 5.725 million kWh, an increase of 8% compared to the plan. As a result, the total revenue reached nearly VND8.45 trillion (US$369 million), up by 11% compared to the plan. Notably, the after-tax profit reached VND780.2 billion, up by 71.8% against the plan.

In the second quarter of 2018, PV Power set a target of generating 5.928 million kWh of electricity and earn a revenue of VND8.3 trillion. The company expects its after-tax profit to reach VND499 billion and will contribute VND330 billion to the State budget.

VNA

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.