Electricity Generation & Distribution
Vietnamese Stock Market Sector Overview
By Aveluro Research Team · Editorial policy
The Electricity Generation & Distribution sector page tracks 1 Vietnam-listed companies, including QTP. Aveluro has classified 15 related news articles; current sector sentiment is Positive, with valuation snapshots such as Avg P/E 4.8.
| Ticker | Company | News | Close | Change | Market Cap | Volume |
|---|---|---|---|---|---|---|
| QTP | QTP | QTP stock news | 11,000 | +0.00% | 4.5T | — |
Quang Ninh Thermal Power (QTP) reported Q3 2026 pre-tax profit of nearly VND 95B, up about 129% year-on-year, lifting nine-month pre-tax profit to roughly VND 750B (+51%). The results land after former Deputy CEO Le Viet Cuong was arrested in February 2026, and QTP shares rose almost 5% to VND 11,300 on the 22 October close.
A batch of companies released Q3/2026 earnings: NTP pre-tax profit up 30% for 9M, SAS up 55%, QTP up 51%, GTX up 428%, while VEF fell 94%, ANV down 25%, DBC down 33%, and VCR posted a widening loss.
Quang Ninh Thermal Power (QTP) approved a turnkey EPC contract worth roughly VND 3,271 billion (USD 89.75 million plus VND 902 billion) with the Shanghai Electric-Pacific consortium to upgrade flue-gas treatment at its plant over 38 months. H1 2026 net profit rose more than 44% year-on-year to about VND 524 billion, already exceeding the full-year plan.
Quang Ninh Thermal Power (QTP) disclosed that Deputy General Director and board member Le Viet Cuong was prosecuted and detained on allegations of falsifying organizational documents, and he has left the board. The company simultaneously appointed two new Deputy General Directors while reporting H1 2026 after-tax profit of VND 524 billion, up 44% year on year.
Hai Phong Thermal Power (HND) will pay a 3% cash dividend for 2025, roughly VND 150B, with record date 5 October and payment on 15 October 2026. The payout lands after former CEO Duong Son Ba was prosecuted and two board-level leadership changes, while Quang Ninh Thermal Power (QTP) also had an executive charged in the same environmental monitoring case.
MB Securities forecasts Q3/2026 net profit for power companies in its coverage to rise about 10% YoY, led by thermal power names POW, NT2 and QTP, while hydropower firms HDG, REE, GEG and PC1 face pressure from lower output. POW is projected to post roughly VND 1,086 billion in Q3 net profit, up 34% YoY.
KBSV identifies 13 companies in the state divestment pipeline under Decision 40, with notable planned reductions at BCM, BSR, and GAS, and full divestment for MSB, NTP, HND, QTP, VGC, PVI, and DMC. The market-wide impact is expected to be limited, but individual tickers may see volatility as ownership changes unfold.
Many Vietnamese companies reported strong Q2 2026 earnings, with securities firms and energy companies showing significant profit growth. Notable results include SSI, VNDirect, and two petroleum companies with over 400% profit increases.
MBS Securities recommends dividend-paying stocks with long-term growth potential, highlighting QTP and VNM as attractive investments for 2026-2027.
MBS Securities forecasts strong profit growth for power companies in Q2/2026, driven by rising electricity demand and higher market prices, with thermal and hydropower firms benefiting.
HND CEO Duong Son Ba was prosecuted and detained on May 21, 2026, for allegedly forging documents as part of a broader environmental monitoring scandal involving multiple thermal power plants, including QTP. The scandal has already led to arrests at Quang Ninh Thermal Power (QTP).
Petrovietnam announced the appointment of Mr. Le Manh Cuong as new CEO and member of the Board of Members on May 20.
Foreign investors net sold 840 billion VND (~33.6 million USD) on May 12, with FPT, VHM, MSB, ACB, and VCB bearing the heaviest selling pressure. VIC and VRE were the top net buys, with VIC attracting 196 billion VND.
POW leads the Vietnamese power sector with Q1 net profit of VND 1,300B (+175%), driven by higher gas-fired plant utilization. NT2's profit quintupled to VND 180B, while PPC and QTP also posted double-digit gains.
Quang Ninh Thermal Power Plant (QTP) continues to operate despite confirmed emission violations and arrests of its executives for falsifying data, citing national energy security concerns. This highlights a conflict between environmental protection and ensuring stable power supply.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.
Last updated: 2026-10-30T19:45:47Z.