PV Power completes 89.5% of revenue target

In February, PV Power plans to have an estimated power output of more than 1.46 billion kWh and expects revenue of VNĐ2.3 trillion. Photo tinnhanhchungkhoan.vn

HÀ NỘI — PetroVietnam Power Corporation (PV Power) earned VNĐ2.5 trillion (US$108 million) in revenue in the first month of this year.

This fulfilled 89.5 per cent of the month's target due to a reduction in revenue from Nhơn Trạch 1 and 2 power plants.

Regarding the investment project of Nhơn Trạch 3 and Nhơn Trạch 4, PV Power said the management board would continue to review the engineering-procurement-construction (EPC) bidding documents and site clearance documents of contractors. PV Power would also continue to supplement capital, negotiate gas sale and purchase contracts and power purchase agreements.

In February, PV Power plans to have an estimated power output of more than 1.46 billion kWh and expects revenue of VNĐ2.3 trillion.

By the end of 2020, PV Power reached VNĐ29.7 trillion in revenue and VNĐ2.2 trillion in net profit, down 16 per cent and 13 per cent respectively compared to 2019.

Compared to the target set for 2020, it fulfilled 84 per cent of revenue target and exceeded profit target by 22 per cent.

On the market, shares of PV Power (POW) are being traded around VNĐ12,950 per share. — VNS

MM Mega Market recognised among the 'Top 100 Best Places to Work in Việt Nam 2024'

Economy

Green lifestyle changes drive people towards ethanol fuel

Economy

World Bank outlines path for Việt Nam to reach high income status

Economy

Việt Nam vows to create favourable conditions for Korean investors

Economy

Aeon Mall to be built in Cần Thơ City

Economy

Cyberattack risks surge with AI advancements

More on this story

Economy

Market finishes higher after a week off

Việt Nam's stock market surged during Wednesday's trade. The market reopened after the Tết holiday which started last Wednesday.

Economy

VN ranks second in cryptocurrency use, driven by remittance payments: Statista

Việt Nam ranked second in term of cryptocurrrency use, driven by remittance payments, according to a recent survey by a global provider of market and consumer data Statista.

Economy

Shopkeepers in HCM City traditional markets want tax cuts for their survival

To support small businesses affected by the Covid-19 pandemic, HCM City authorities have instructed traditional markets to reduce their rents by 50 per cent for six months.

Economy

Logistics sector to step up digital transformation

Logistics, considered a backbone of Việt Nam's economy, is among eight sectors prioritised by the national programme for digital transformation until 2025.

Economy

Shares to go up after Lunar New Year

The Vietnamese stock market is forecast to prosper after the Tết (Lunar New Year) holiday in accordance with the strong growth of stock markets around the world, analysts said.

Economy

Stock forecasts a reason for confidence

Brokerages forecast Vietnamese stock market will prosper in 2021 and greatly influenced by the speed of economic recovery and the developments of the COVID-19 globally.

Economy

Banks step up to lure demand deposits

Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.

Economy

Seafood industry expects to remain on growth path in 2021

Despite facing difficulties due to the COVID-19 pandemic, seafood exports last year were estimated at US$8.58 billion, the same as in 2019.

Economy

Central city to build duty-free zone

Da Nang authorities are building a detailed plan for the city's first international duty-free zone and smart urban area for investors, with construction set to commence soon as the Import-Export Pan Pacific Group (IPPG) has asked the city to allocate land for the project.