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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Total Vietnam Oil and Gas Corporation – Joint Stock Company (PVOIL, ticker OIL, UPCoM) will hold its 2026 Annual General Meeting of Shareholders on April 24.
Against a complex global outlook in 2026, PVOIL has set a business plan with consolidated revenue of 150,700 billion dong, essentially flat compared with 2025 actual performance. Net profit after tax is expected to reach 656 billion dong, up 30% year-on-year.
In 2025, PVOIL reported consolidated revenue of 156,640 billion dong, surpassing the target by 56% and rising 21% year-on-year. Net profit after tax was 344 billion dong, down 9% year-on-year, equivalent to 68% of the plan.
For 2026, PVOIL projects crude oil import/export volume to exceed 9.6 million tons, down 11% from 2025. Gasoline, oil, and lubricants production is expected to be over 1 million cubic meters, up 61% year-on-year. Gasoline business volume is forecast at 5.9 million cubic meters, nearly unchanged versus the previous year.
For 2025, PVOIL plans to propose a dividend rate of 2.5%, equivalent to more than 258.5 billion dong. After meeting dividend obligations and allocating funds of around 80 billion dong, retained earnings carried forward to the next year are expected to be nearly 490 billion.
PVOIL also said it will retain part of profits to cover provisions of 95.2 billion dong for investment costs at PetroVietnam Oil and Gas Chemistry and Biofuel (PVB). The company noted that recovery is considered very unlikely due to PVB’s bankruptcy.
In addition, PVOIL said it must ensure there are no accumulated losses to support its goal of transferring the OIL listing from UPCoM to HoSE in the near future. Under current regulations, a company must have no accumulated losses on the latest audited financial statements.
The upcoming AGM will elect one additional member to the Board of Directors to replace Nguyen Mau Dung, whose term is ending. The Head of the Supervisory Board, Nguyen Duc Kien, is also eligible to retire and will be replaced.
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