POW – PV Power’s stock surged by 6.61% to 12,900 VND per share on March 18, recording the highest trading volume in 8 months with nearly 20 million shares. The company’s market capitalization exceeded 30.2 trillion VND, maintaining its top position in Vietnam’s electricity sector, though still 36% below its peak in 2022. PV Power ranks as the largest power producer in Vietnam, holding 11% of the national capacity with 7 plants generating a total of 4,205 MW. The business results for the first 2 months of 2025 showed a production of 2,439 million kWh and an estimated revenue of 4,583 billion VND. In March, PV Power targets a production of 1.74 billion kWh with projected revenue of 3,341 billion VND, mainly from the Vung Ang and Ca Mau plants. The company is also finalizing gas contracts for the upcoming Nhon Trach 3&4 project, which will increase its total gas power to 4,342 MW. The forecast for 2025 indicates high electricity demand will drive production, particularly for coal-fired power.
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