At the PVPower's Nhon Trach 2 thermal power plant (Photo: VNA) Hanoi (VNA) - PetroVietnam Power Corporation (PV Power) reported a post-tax profit of 1.159 trillion VND (over 49.56 million USD) in the first six months of 2022, surpassing the target set for the entire year by 56%. This year, PV Power 's profit plan has been adjusted down from its previously announced level. Therefore, its first-half post-tax profit , despite representing an annual decrease of 19%, still exceeded the yearly goal. Also in the period, its electricity output reached 7.1 billion kWh, reducing by 25% year-on-year. Nguyen Dinh Thi, head of PV Power's economic planning department, said that with such output decrease, the company’s revenue amounted to 14.865 trillion VND, equaling 61.3% of the yearly plan but down 5% compared to the same previous last year. Meanwhile, mobilised electricity prices in the first half increased sharply, even hitting 2,000 VND per kWh sometimes. In the … [Read more...] about PV Power’s first-half post-tax profit nears 1.16 trillion VND
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PV Power’s first-half post-tax profit nears $50 million
A view of Nhon Trach 1 and Nhon Trach 2 power plants in Dong Nai. — Photo pvpower.vn PetroVietnam Power Corporation (PV Power) reported post-tax profit of VND1.159 trillion (over US$49.56 million) in the first six months of this year, surpassing the target set for the entire year by 56 per cent. This year, PV Power's profit plan has been adjusted down from its previously announced level. Therefore, its first-half post-tax profit, despite representing an annual decrease of 19 per cent, still exceeded the yearly goal. Also in the period, its electricity output reached 7.1 billion kWh, reducing by 25 per cent year-on-year. Nguyen Dinh Thi, head of PV Power's economic planning department, said that with such output decrease, the company’s revenue amounted to VND14.865 trillion, equaling 61.3 per cent of the yearly plan but down five per cent compared to the same previous last year. Meanwhile, mobilised electricity prices in the first half increased sharply, even hitting … [Read more...] about PV Power’s first-half post-tax profit nears $50 million
Vietnam protests China’s bomber deployment to Paracel islands
The Vietnamese foreign ministry said deploying weapons and fighter jets to the Paracels not only violates Vietnam’s sovereignty but also complicates the situation in the East Sea. Vietnam has voiced objection to China deploying one of its modern bombers to Hoang Sa (Paracel) islands, saying that the act has violated the former’s sovereignty and jeopardized stability in the South China Sea. Spokesperson Le Thi Thu Hang of the Vietnamese Ministry of Foreign Affairs at the press meeting on August 20, Hanoi. Photo: Minh Tuan Spokesperson Le Thi Thu Hang of the Vietnamese Ministry of Foreign Affairs said made the protest on Thursday during a regular press briefing in response to a request for comment on the alleged dispatch of China’s Xian H-6J jet to Phu Lam (Woody) Island, part of Vietnam’s Hoang Sa islands. A H-6 strategic bomber. Photo: eng.chinamil.com.cn US-based The Drive earlier this month posted photos circulated on social media … [Read more...] about Vietnam protests China’s bomber deployment to Paracel islands
