HCMC — Refrigeration Electrical Engineering Corporation (HOSE: REE) has established two wholly owned subsidiaries to develop wind power projects in the Mekong Delta province of Vinh Long.
REE Duyen Hai Wind Power 2 Company and REE Duyen Hai Wind Power 3 Company will implement the V1-3 Phase 2, V1-5, and V1-6 Phase 2 projects. These are onshore wind farms planned in the Mekong Delta province of Vinh Long
REE Duyen Hai Wind Power 2 will have total charter capital of VND30 billion to carry out the V1-3 Phase 2 project, which is estimated to cost VND2.26 trillion. The project will be financed by 30% equity and 70% loans.
REE Duyen Hai Wind Power 3 will have initial charter capital of VND50 billion to develop the V1-5 and V1-6 Phase 2 projects, with total investment projected at VND3.86 trillion. The projects will also follow a 30-70 equity-debt structure.
The projects are located in Truong Long Hoa Ward, Vinh Long Province, and are expected to start in the fourth quarter of 2025.
In the first half of 2025, REE reported consolidated revenue of VND4.58 trillion, up 14% year-on-year, and post-tax profit of VND1.56 trillion, a 63% surge. Its gross profit margin rose from 35.4% to 39.4%.
For 2025, REE targets revenue of VND10.25 trillion and after-tax profit of VND2.43 trillion, up 22% and 21.7%, respectively, from 2024. It has achieved more than 64% of its full-year profit target in the first six months.
Closing the trading session today, October 22, REE edged up 0.49% to VND61,800, with 274,700 shares changing hands.
Vietnam’s benchmark VN-Index rose nearly 1% on Wednesday, supported by gains in large-cap, technology, and energy stocks, while overall market liquidity fell sharply from the previous session.
The VN-Index closed up 15.07 points, or 0.91%, at 1,678.5, with 218 winners and 113 losers. Trading volume totaled 996 million shares worth VND32.1 trillion, down 36.7% in volume and 33% in value from the session earlier. Block deals accounted for 86.2 million shares valued at VND4.3 trillion.
The VN30-Index increased 14.98 points, or 0.78%, to 1,930.98, with 21 bluechips advancing and eight others declining. GAS and FPT were the top performers, rising 5.4% and 4.3%, respectively. SHB and SSB dropped 2.1% and 1.6%, while other decliners fell less than 0.5%.
Vingroup-related stocks rebounded after a weak morning session. VPL jumped 6.6% to VND79,000, VHM climbed 1.9% to VND113,000, and VIC narrowed losses to 0.2%.
Securities stocks trimmed losses to under 0.3%. VIX inched up 0.3% and led the group with 35.3 million shares traded, while SSI and VND each dipped around 0.5% with over 32 million shares transacted.
Technology and energy stocks were among the biggest gainers, boosted by FPT, GAS, PLX, and BSR.
Bank stocks also recovered, with MBB, VPB, TCB, and CTG closing higher. SHB was the most actively traded stock on the southern exchange, down 2.1% to VND16,650 with 81.5 million shares changing hands.
Real estate stocks gained ground, led by DXG, up 2.5% with 28 million shares traded; PDR, up 4.1% with 23 million shares; and DIG, up 2.7% with over 20 million shares. NVL dropped 2.8% to VND14,000, with 48.5 million shares traded and foreign investors net selling 3.5 million shares.
On the Hanoi Stock Exchange, the HNX-Index rose 4.04 points, or 1.53%, to 268.69, with 91 advancers and 57 decliners. Trading volume reached 127.5 million shares worth VND2.85 trillion.
