HCMC – PetroVietnam Power Corporation (PV Power) reported a 52% increase in electricity sales revenue in February, reaching VND2.36 trillion.
About 80% of the revenue came from two power plants, Ca Mau 1 & 2, which generated VND943 billion, and Vung Ang 1, which contributed VND944 billion.
February marks the dry season in northern, north-central, and southern Vietnam, while the south-central region transitions from rainy to dry conditions. The average electricity market price was around VND1,400 per kWh.
Ca Mau 1 & 2 adjusted operations to meet assigned quotas and increased output when market prices were high. Vung Ang 1 resumed operations after a maintenance shutdown during the Lunar New Year holiday, aligning production with demand and market conditions.
Nhon Trach 1 power plant, assigned 88.7 million kWh, remained on standby due to low electricity demand. Nhon Trach 2, with a quota of 144.3 million kWh, adjusted generation while managing gas procurement obligations.
Hydropower plants Hua Na and Dakdrinh balanced electricity output and water reserves for peak summer months. Dakdrinh, allocated output of 35.7 million kWh in February, managed production to maintain future water supplies.
PV Power signed a gas supply agreement with Vietnam Gas Corporation on February 25 for liquefied natural gas (LNG) procurement for Nhon Trach 3 and 4 power plants. The contract was 96% complete as of February. The company is securing financing and finalizing gas purchase agreements to keep the project on schedule.
PV Power targets electricity output of 1.74 billion kWh and revenue of VND3.34 trillion for March.
Closing the trading session today, March 19, its POW shares remained flat at VND12,900, with nearly 11.1 million shares changing hands.
Vietnam’s benchmark VN-Index ended its trading session on a downbeat note, shedding 6.34 points, or 0.48%, to close at 1,324.63. The market saw 139 advancers and 320 decliners, with trading volume reaching 949.3 million shares worth VND23.45 trillion, up 5% in volume and more than 19% in value against the previous session. Block deals accounted for 113.7 million shares valued at VND3.2 trillion.
Technology stocks bore the brunt of strong selling pressure, mirroring global tech declines. FPT led the fall, dipping 4.15% to VND124,600 on over 18 million shares traded, driving the VN-Index down by nearly 1.9 points. MWG in the VN30 basket followed suit, losing 3.72% to close at VND59,500, with 13.4 million shares changing hands. The decline of MWG shaved another 0.8 point off the main index.
Bank stocks staged a mixed performance. While more stocks in the group turned green in the afternoon, major lenders such as VCB, BID, CTG, TCB, and VPB ended in negative territory, collectively weighing down the index by over two points.
SHB led the sector in trading volume at 68.8 million shares, the highest on the exchange. VPB also drew notable investor attention with 29.4 million shares, while MBB saw over 20 million shares traded.
In the securities brokerage sector, green tickers increased compared to the morning session, but red symbols remained dominant. VIX posted the highest liquidity in the group at 25.8 million shares, slipping a slight 0.82% to VND12,100 at the close.
Among steel stocks, several tickers continued their losing streak. VCA narrowed its loss, but DTL hit the floor price at VND10,000, and NKG extended its decline by 3.5% to VND15,150. HPG, the industry’s bellwether, retreated 1.27% to VND27,250, with 37.9 million shares changing hands—the second-highest volume after SHB.
On the Hanoi Stock Exchange, the HNX-Index also ended in negative territory after briefly hovering in positive territory early on. The HNX-Index lost 1.76 points, or 0.71%, to finish at 245.28 points. Losers outnumbered gainers by 109 to 62. Over 58.3 million shares valued at VND987 billion were traded on the northern bourse.
