PV Power receives second-class Labour Order

The Petrovietnam Power Corporation (PV Power) held a ceremony in Hanoi,to receive the second-class Labour Order.
PV Power receives second-class Labour Order

The event saw the presence of Vice President Nguyen Thi Anh Xuan and Minister of Industry and Trade Nguyen Hong Dien.

PV Power has produced more than 240 billion kWh of electricity overthe past 15 years, contributing to ensuring national energy security.

As the result, the firm earned more than 350 trillion VND (14.78 billion USD) in revenue, with a profit of over 25 trillion VND. It has paid more than 16 trillion VND to the State budget.

PV Power, a member of the Vietnam Oil and Gas Group (Petrovietnam), has risen to the second largest power supplier in Vietnam, only after Vietnam Electricity (EVN).

To date, the firm has operated seven power plants with a total capacity of 4,209 MW. Its total assets increased 12-fold to 56.5 trillion VND (2.36 billion USD), from only 4.78 trillion VND in 2007, when it was established, with the owner’s equity exceeding 32 trillion VND.

On the stock market, PV Power's POW has continuously led in terms of liquidity among power trading companies, securing the firm’s position in the Top 50 Best Listed Companies for three consecutive years by Forbes Magazine. It has for many years been rated by Fitch Ratings at BB with a positive outlook.

To date, PV Power has more than 75,000 shareholders and its stock has always had a large trading volume on the Ho Chi Minh City Stock Exchange (HoSE).

Over the past 15 years, PV Power has donated more than 400 billion VND to social security activities.