Binh Son Refining and Petrochemical (BSR) is preparing to issue 1.9 billion shares to raise charter capital over 50 trillion VND, revealing the divestment rate of PVN

Binh Son Refining and Petrochemical Company (BSR) plans to increase its charter capital to more than 50 trillion VND by issuing approximately 1.91 billion shares in 2025. It is expected that 930 million shares will be issued as dividends to shareholders at a rate of 30%, and 976.6 million shares will be issued to increase capital from equity at a rate of 31.5%. The aim of this capital increase is to support the upgrade project of the Dung Quat oil refinery, raising processing capacity from 148,000 to 171,000 barrels per day. This project has been approved by the Prime Minister; however, due to delays, its scale has been adjusted. In Q2 2025, BSR reported revenues of nearly 36.8 trillion VND and post-tax profit of 846 billion VND. Currently, PVN holds 92.13% of BSR and may divest about 2.13% to meet new regulatory requirements.