HCMC – Vietnam Gas Corporation (PV GAS) has signed a 25-year agreement to supply liquefied natural gas (LNG) to the Nhon Trach 3 and Nhon Trach 4 power plants, becoming the country’s first long-term LNG supply contract.
The deal, signed with PetroVietnam Power Corporation (PV Power), will provide LNG for the commercial operation of both plants in 2025. It follows a previous agreement in late 2024 for trial operation.
Nhon Trach 3 and Nhon Trach 4 are key national power projects located in the southern province of Dong Nai. The plants have a combined capacity of 1,624 megawatts and an investment of US$1.4 billion, generating about nine billion kilowatt-hours annually.
The two plants are the only LNG projects from Vietnam’s Power Development Plan VIII that have remained on schedule. The contract consolidates PV GAS’s role as the country’s main LNG supplier and aligns with PV Power’s efforts to develop LNG-based power projects and transition existing natural gas plants to LNG.
Vietnam is shifting to imported LNG as domestic gas reserves decline. The contract is part of broader efforts to integrate LNG into the country’s energy mix while meeting commitments under Power Development Plan VIII and the Government’s net-zero target by 2050.
Closing the trading session today, March 3, the firm’s GAS shares edged up 0.88% over the previous session to VND68,600, with a matching volume of 647,800 shares.
The VN-Index rose by 4.01 points, or 0.31%, to 1,309.37 points, with 240 winners and 223 losers. Stock trade improved 19.75% in volume and 13.23% in value over the previous session, with 976 million shares worth VND21.1 trillion changing hands. Block deals accounted for 174.2 million shares valued at VND4.1 trillion.
Blue-chip stocks in the VN30 basket added nearly five points, with 18 gainers and eight decliners. The VN30-Index, which tracks the 30 largest-cap stocks, increased 4.73 points, or 0.35%, to 1,361.16 points.
Developer VHM led the rise, climbing 3.3% to VND42,550, while its related stock VIC added 2.1% to VND42,050. On the other hand, lender TPB dropped 3%, with trading volume reaching 61.85 million shares, the second-highest in the market. Other VN30 stocks moved within a 1% range.
The securities sector was most active, supported by strong buying interest. Broker VIX rose 3.1% to VND11,800, with the highest trading volume of 65.5 million shares. SSI added 1.1% with 25.65 million shares traded, while VCI climbed 2.3%.
The real estate sector also saw gains, led by Vingroup stocks. Other notable gainers included DIG, VCG, PDR, HHV, and TCH.
Bank stocks remained weak, limiting market momentum. CTG, VPB, LPB, SHB, and HDB all closed lower, though losses were modest.
On the Hanoi Stock Exchange, the HNX-Index fell 0.85 point, or 0.36%, to 238.34 points, with 82 advancers and 92 decliners. The exchange recorded 75.27 million shares traded, with a total value of VND1.31 trillion.
