NỘI — PetroVietnam Power Corporation (PV Power) will approve the plan of
listing shares on HCM City Stock Exchange at the first shareholders’ meeting
scheduled on June 26.
has set a target of generating 5.928 million kWh of electricity and a revenue
of VNĐ8.3 trillion the Q2. — Photo baodautu.vn
at the upcoming meeting, PV Power will officially pass the charter of the
joint stock company, internal governance regulations, business plan in 2018
and business plan after equitisation in the 2018-22 period as well as elect
members of the board of directors and supervisory board for 2018-23.
PV Power, the Government Office issued Document No 5030/VPCP-ĐMDN on May 30
assigning the Ministry of Industry and Trade to direct the Việt Nam National
Oil and Gas Corporation (PVN) to withdraw capital at PV Power after
converting it into a joint stock company.
withdrawal of State capital from PV Power will become much more convenient.
Under the plan approved by the Prime Minister, State capital will fall to 51
per cent in 2018 and from 2019 onwards, it is expected to fall below the
controlling level, depending on the restructuring of credits related to the
Vũng Áng 1 thermal power plant.
By the end
of the first quarter of 2018, PV Power’s output reached 5.725 million kWh, an
increase of 8 per cent compared to the plan. As a result, the total revenue
reached nearly VNĐ8.45 trillion (US$369 million), up by 11 per cent compared
to the plan. Notably, the after-tax profit reached VNĐ780.2 billion, up by
71.8 per cent against the plan.
second quarter of 2018, PV Power has set a target of generating 5.928 million
kWh of electricity and a revenue of VNĐ8.3 trillion. The company expects its
after-tax profit to reach VNĐ499 billion and contribute VNĐ330 billion to the