The Vietnam Oil and Gas Group (PVN) has approved a plan to increase the charter capital of Binh Son Refining and Petrochemical (BSR) to over 50 trillion VND through the issuance of bonus shares and dividend payments in shares, with a total expected ratio of 61.5%. On August 27, the trading date without the right to enjoy will be set to gather shareholder opinions, with the implementation period from September 9 to September 30, 2025. This capital increase aims to meet the demand and improve the efficiency of the Dung Quat Oil Refinery upgrade and expansion project, increasing the capacity from 148,000 barrels/day to 171,000 barrels/day. The project was approved in 2014 but has been scaled down and is now expected to be completed in Q1 2028. In Q2 2025, BSR reported a net revenue of nearly 36.8 trillion VND, up 51%, and a profit after tax of 846 billion VND, up more than 8%. BSR shares have shown growth in the market with a share price reaching 27,800 VND.
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