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PV GAS organizes Investor Relations Meeting 2023

As one of the most important events, aimed at connecting shareholders, investors and partners, PV GAS Investor Relations (IR) Meeting 2023 was held on December 22, 2023.


PV GAS’ President & CEO – Dr. Pham Van Phong at the meeting


The President & CEO, Dr. Pham Van Phong assessed the investor relations work, shared some key operational results in 2023, and outlined PV GAS' directions for the upcoming period. Accordingly, in 2023, PV GAS completed the commission of Thi Vai LNG Terminal and officially put it into operation, with a capacity of 1 MMTPA, while actively transforming its business model with intensified international business activities, aimed for the development of green energy in Vietnam.


Investors at the meeting


Besides PV GAS' business operations, the leaders of PV GAS' specialized divisions also provided investors with updates on crucial project implementation, business activities, and plans for developing infrastructure services and LNG products. Additionally, they discussed the development of those aligned with the national energy transition trends (Hydrogen and Ammonia) and the distribution of gas to the oil market.

PV GAS’ Vice President Pham Dang Nam extended profound gratitude to the shareholders and investors who attended the conference


The IR meeting was an opportunity for PV GAS to once again reflect through the lens of investors regarding its operational strategy and investor relations. During the meeting, shareholders, investors, and partners highly praised PV GAS for its relations work by consistently updating information related to production and business operations through quarterly Investor Newsletters, promptly addressing their queries regarding the corporation’s activities.


Ms. Phan Thi Phuong Anh – General Manager of Finance Division and authorized person for Information Disclosure at PV GAS, presented a report


In 2023, PV GAS has achieved impressive results: consolidated revenue reached over VND 93,000B, with the expected profit before and after tax at above VND 14,000B and VND 11,000B respectively, and the estimated contribution to the state budget at approximately VND 6,000B. Financial indicators have been maintained steadily with the Return on Assets (ROA) higher than 10% and Return on Equity (ROE) higher than 17%. In Q3/2023, PV GAS successfully increased its charter capital from the owner’s equity by issuing an additional 382.79 million bonus shares, raising PV GAS' charter capital to VND 22,967.4B, which made PV GAS the third-largest market capitalization in the Vietnam stock market.

PV GAS President & CEO Pham Van Phong also outlined the direction and key tasks that PV GAS aimed to achieve in 2024. Emphasis was placed on operational efficiency by bolstering international business activities, developing gas/LNG consumption markets, enhancing partnerships within and outside the industry, etc. Additionally, there would be a focus on monitoring the progress of investment construction projects and implementing projects to improve the efficiency of existing assets. This marked the next step of PV GAS in actively fostering the national LNG sector and the development of potential products for oil processing from gas (methane, ethane, propane, butane, etc) and zero-emission green gas products (Green H2, Green NH3, etc).


PV GAS’ IR Meeting 2023


In his closing remarks, PV GAS Vice President Pham Dang Nam expressed profound gratitude for the attention of representatives from Petrovietnam, securities companies, investment funds, banking partners, media agencies, and the press. PV GAS would continue to enhance cooperative relationships, and explore collaborative opportunities across multiple dimensions.

«April 2024»


Address: Floor 12-15, PV GAS TOWER, No. 673 Nguyen Huu Tho Street, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City.
Phone: +84.28. 3781 6777 Fax: +84.28. 3781 5666 Email: pvgas@pvgas.com.vn

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