PVChem Raises 788 Billion VND for Wind Energy and Rare Earth Ventures
PVChem aims to expand into wind energy and rare earth sectors, supported by a capital raise of nearly 800 billion VND. The firm's investment plans align with a broader strategic goal to enhance its market share and contribute to green economic initiatives.
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PVChem intends to raise approximately 788 billion VND by issuing 78.8 million shares to existing shareholders at a price of 10,000 VND per share. This funding will support new ventures in wind energy and rare earth production while maintaining traditional oil and gas chemical services.
In 2025, PVChem reported total consolidated revenue of 5,152 billion VND, which is 184% of its target, and a net profit of 48.04 billion VND. The company plans to achieve a consolidated revenue of 4,660 billion VND in 2026, with a target net profit of 32.2 billion VND.
PVChem aims for a 15-20% annual growth rate from 2026 to 2030, with a long-term revenue goal of at least 10,000 billion VND by 2030. The firm is also focusing on digital transformation and ESG standards to enhance foreign investment appeal.
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