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PV Power prepares for August IPO

PetroVietnam Power Corporation (PV Power) will make its initial public offering (IPO) this August, the electricity producer announced.
PV Power prepares for August IPO ảnh 1The Ca Mau 1 Power Plant of PV Power. (Photo: VNA)

Hanoi (VNA)♑ – PetroVietnam Power Corporation (PV Power) will make itsinitial public offering (IPO) this August, the electricity producer announced.

TheMinistry of Industry and Trade has approved the business valuation of thecompany, said a representative of PV Power. It has worked to devise anequitisation plan and seek strategic investors for the IPO. PVPower is a wholly-owned unit of the Vietnam Oil and Gas Group, with current chartercapital at 21.7 trillion VND (958.7 million USD). Establishedin May 2007, PV Power operates eight power plants with combined capacity ofover 4,208 MW. Itgenerates more than 16 billion kWh of electricity annually, 15 percent of thenation’s electricity. Duringits 10-years of operation, PV Power has provided 136 billion kWh of electricityto the national grid, earning 8.6 trillion VND (378.6 million USD) of profit.-VNA 
VNA

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

ဣ Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

🍌 Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

😼 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

𝔍 Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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