In the trading session on November 10, PET’s shares quickly hit the ceiling from the market opening, reaching 32,200 VND per share with a trading volume of over 733,000 units. This information was released as the Ho Chi Minh City Stock Exchange (HOSE) announced the auction plan for more than 24.9 million PET shares (23.2% of charter capital) by PVN at Petrosetco. The starting price is set at 36,500 VND per share, 13% higher than the current market price. If the auction is successful on December 11, 2025, PVN expects to earn at least 909 billion VND. Petrosetco is experiencing positive business results with a net profit of 145 billion VND in Q3 2025, up 95% year-on-year. For the first nine months of the year, the company achieved 247.5 billion VND in profits, exceeding its annual target. As of September 30, 2025, PET’s total assets were 11.734 trillion VND, with a significant increase in short-term financial investments.
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