GAS

Nearly 70 state-owned enterprises, including major tickers like BID, VCB, GAS, ACV, and BSR, face delisting by January 1, 2027 if they fail to meet shareholder structure requirements. The State Securities Commission views this as a necessary screening process to support Vietnam's market upgrade to emerging market status, which could attract significant foreign capital.

BSR reported H1 2026 net profit of VND 12,636B (+570% YoY) on revenue of VND 100,922B (+47%), already exceeding its full-year profit target by 5.8x. The oil & gas sector rally on July 14 was driven by escalating US-Iran tensions and strong earnings from BSR, GAS, and OIL, with PVD hitting the ceiling price.

Petrovietnam's H1 2026 results show consolidated revenue of VND 445.4T (+39% YoY) and crude oil output growth of 14.2%, the first increase in 11 years. The state-owned group's record performance supports its listed subsidiaries including PLX, GAS, and PVD, though global oil price risk remains a key challenge for H2.

BSR reported Q2 net profit of VND 4,097B (+384% YoY), driving H1 profit to VND 12,636B, over 5.8 times its full-year target. The earnings beat pushed BSR stock up 4.58% and boosted sector peers GAS and PLX. The Dung Quat refinery operator now trades at a market cap of ~VND 131T (USD 5B).