The oil and gas stock sector in Vietnam’s stock market has experienced a significant surge since mid-October 2025, with several codes like PVD, PVS, GAS, and BSR rising by 1% to nearly 4%. PVD hit a peak of 26,150 VND/share, the highest in a year. This surge follows the government’s Resolution 66.6/2025, aimed at expediting the approval process for oil and gas projects. The Lô B – Ô Môn gas-electricity project is also underway, with a total investment of 12 billion USD, critical for economic growth and energy security. However, reports from BSC and SSI indicate a diverse profit outlook for oil and gas enterprises in 2026. While PVD and PVS are expected to maintain profitability due to strong contracts, downstream companies like BSR and GAS may face challenges. Oil prices are anticipated to remain weak with supply exceeding demand, impacting growth prospects for the sector. Nevertheless, oil and gas stocks are currently attractively priced.
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