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Vietnam's energy giant sets ambitious revenue of $1.2 billion


Vietnam’s energy giant sets ambitious revenue of $1.2 billion
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 28/05/2021
  
14:01
GMT+7
The PetroVietnam Power Corporation (PV Power) aims to earn VND28.4 trillion of revenue (US$1.2 billion) and pre-tax profit of nearly VND1.55 trillion this year.
Last year, PV Power s total commercial power output reached nearly 19.2 billion kWh. The group also earned more than VND30.2 trillion of revenue and pre-tax profit of VND2,875 billion.
In the first four months of 2021, PV Power recorded revenue of more than VND10.2 trillion from an output of 6,405 million kWh. Despite impact of the Covid-19 pandemic, its electricity output in April was higher than that of March 2021. Specifically, Vung Ang 1 Power Plant completed 103% of the plan while Dakđrinh Hydropo ....

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PV Power rated "Positive" by Fitch Ratings | Business | Vietnam+ (VietnamPlus)


At
Hanoi (VNA) - Credit ratings agency Fitch
Ratings has for the first time assigned the PetroVietnam Power
Corporation (PV Power) a Long-Term Foreign-Currency Issuer Default Rating (IDR)
of “BB” with a positive outlook.
The rating is on par with that of Vietnam and
major groups such as the Vietnam National Oil and Gas Group (PetroVietnam) and Vietnam Electricity (EVN).
PV Power is the first Vietnamese power producer and
the first unit of PetroVietnam to be assigned an international credit rating.
Despite the effects of the COVID-19 pandemic last
year and in the opening months of 2021, PV Power still stably, safely, and ....

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Permanent Cabinet members talk removal of ports along Sai Gon River | Business


Prime Minister Nguyen Xuan Phuc chairs the meeting (Photo: VNA)
 
Hanoi (VNA) – Permanent members of the Government on March 15 looked at the removal of ports along the
Sai Gon River and Ba
Son Shipyard in Ho Chi Minh City, in line with the Prime Minister’s Decision No. 46/2010/QD-TTg.
The Ministry of Finance reported that the relocation
has lagged behind schedule, with many contents of the decision yet to be realised.
The government, therefore, has assigned the finance
ministry to coordinate with other relevant ministries and agencies, and Ho Chi Minh
City to set forth an assessment plan, and submit it to the government and the ....

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