PGV

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. The recovery in thermal power margins reflects easing financial pressures and robust demand.

VSH sets May 14, 2026 as record date for a 5% cash dividend (VND 500/share), completing the 35% total payout for 2025. The company will disburse over VND 118.1 billion, with major shareholders REE (52.58%) and PGV (30.55%) receiving VND 62.1 billion and VND 36.1 billion respectively. However, VSH forecasts 2026 revenue of VND 1,886.5 billion (-19.7%) and net profit of VND 583.8 billion (-32.3%), signaling a sharp earnings contraction.

Southern Waterway Transport Corporation (SWC) has stated its major state shareholder has no divestment or issuance plan to meet public company criteria, risking delisting. This reflects a broader regulatory pressure on large-cap, state-dominated firms like VGI, GVR, MVN, ACV, TVN, BSR, BCM, PGV, GAS, and PLX, which could significantly impact market capitalization and index composition if not addressed.