PV Power produces over 240 billion kWh of electricity in 15 years
The Petrovietnam Power Corporation (PV Power) has produced more than 240 billion kWh of electricity in the past 15 years, contributing to ensuring national energy security, the firm reported.
At Nhan Trach 2 power plant run by PV Power (Photo: VNA)
Hanoi (VNA) – The Petrovietnam PowerCorporation (PV Power) has produced more than 240 billion kWh of electricity in the past15 years, contributing to ensuring national energy security, the firm reported.
With the result, the firm earned more than 350 trillion VND(14.78 billion USD) in revenue, with profit of over 25 trillion VND. It haspaid more than 16 trillion VND to the State budget.
PV Power, a member of the Vietnam Oil and Gas Group(Petrovietnam), has risen to the second largest power supplier in Vietnam, onlyafter the Vietnam Electricity (EVN).
To date, the firm has operated seven power plants with totalcapacity of 4,209 MW. Its total assets increased 12 folds to 56.5 trillion VND(2.36 billion USD) from only 4.78 trillion VND in 2007 when it was established,with the owner’s equity exceeding 32 trillion VND.
On the stock market, PV Power's POW has continuouslyled in terms of liquidity among power trading companies, securing thefirm’s position in the Top 50 Best Listed Companies for three consecutive yearsby Forbes Magazine. It has for many years been rated by Fitch Ratings at BBwith a positive outlook.
To date, PV Power has more than 75,000 shareholders and its stock has always had a large trading volume on the Ho Chi Minh City StockExchange (HoSE).
In the past 15 years, PV Power has donated more than 400billion VND to social security activities.
A representative from the firm said that in the time tocome, PV Power will focus on transiting energy towards green and environmentalprotection.
With its advantages in the field of gas-fueled power, PV Power willcontinue the development of LNG power projects, including Nhon Trach 3 and 4,which have combined designed capacity of 1,600MW using the state-of-the-art technologies,along with Quang Ninh LNG with an expected capacity of 1,500MW.Besides, PV Power will expand investment in renewable energy projects.
By 2035, the firm’s total capacity is expected to reach5,760-9,560MW, supplying 30-47 billion kWh to the market each year, with agrowth rate of 3-4% annually./.
Credit ratings agency Fitch Ratings has assigned the PetroVietnam Power Corporation (PV Power) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of “BB” with a positive outlook for the second consecutive year.
PetroVietnam Power Corporation (PV Power) reported a post-tax profit of 1.159 trillion VND (over 49.56 million USD) in the first six months of 2022, surpassing the target set for the entire year by 56%.
The PetroVietnam Power Corporation (PV Power) has announced that it will put shares of Dakdrinh Hydroelectricity on the Unlisted Public Company Market (UPCoM) this year.
The PetroVietnam Power Corporation (PV Power) is undertaking a series of measures towards the goal of generating 832 million kWh of electricity in September.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At Nhan Trach 2 power plant run by PV Power (Photo: VNA) 
