VPD Boosts 2025 Profit Target by 59%

On October 9th, the Board of Directors of Vietnam Power Development Joint Stock Company (HOSE: VPD) approved adjustments to its 2025 business plan, increasing its commercial electricity output target from 461 million kWh to nearly 579 million kWh, representing a growth of over 25% compared to the previous target.

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Financial targets such as revenue and post-tax profit have been increased by 25% and 59%, respectively, compared to the previously approved plan, reaching over 643 billion VND and 233 billion VND.

The only adjusted target that saw a decrease was the construction investment value, which was reduced from nearly 91 billion VND to 44 billion VND.

VPD’s 2025 Business Plan After Adjustment

Source: VPD

VPD’s decision to raise most of its 2025 targets comes ahead of the Q3/2025 financial report release in October. Earlier, the company’s first-half performance was positive, with total revenue nearing 259 billion VND, a 32% increase year-over-year. Notably, VPD’s post-tax profit exceeded 80 billion VND, 2.2 times higher than the same period last year.

As a result, the company achieved 50% of its revenue target and 55% of its profit target based on the pre-adjustment plan. When considering the adjusted plan, the achievement rates drop to 40% and 34%, respectively.

VPD is an affiliate of Electricity of Vietnam’s Power Generation Corporation 1 (EVN). The company currently manages three hydroelectric plants and a design consulting center, including the Nậm Má Hydropower Plant in Hà Giang with a capacity of 3.2MW, the Bắc Bình Hydropower Plant in Bình Thuận with a capacity of 33MW, and the Khe Bố Hydropower Plant in Nghệ An with a capacity of 100MW.

Thượng Ngọc

– 16:33 10/10/2025

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